ADP - time for a short playADP is ready for a short play with a downside target of 230 and 220.Shortby just4tradinUpdated 3
ADP Automatic Data Processing Options Ahead of EarningsIf you haven`t sold ADP here: Then analyzing the options chain and the chart patterns of ADP Automatic Data Processing prior to the earnings report this week, I would consider purchasing the 240usd strike price in the money Calls with an expiration date of 2023-11-17, for a premium of approximately $7.50. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it. Longby TopgOptions1
$ADP with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:ADP after a positive over reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%.Longby EPSMomentum0
AUTOMATIC PROCESSING DATA Stock Chart 070223Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 216/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : A A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.by fibonacci61800
ADP might push with force through 200MAADP has accumulated a lot of pressure below the 200 ma and the demand started to rise. A push through 200 MA must be done with force to bend it upwards. Fundamentally, ADP is one of the companies that manage to beat EPS expectations every quarter, the management increased its FY2023 guidance again.Longby alpha625391
ADP BREAKOUT #adp has broken out and appears bullish. take trend continuation setups along the way. take profits when they are available. follow risk management, take easy setups.Longby optimizedtrading0
ADP UnpredictableAlthough ADP has an average growth of sales every year of around 5.52% but it still would appear as if the stock is being overbought. The P/E ratio is given a relative sector grade of D- for having a difference to other companies in the sector by over a 70% margin. RSI index indicates that the stock is nearing the overbought level bouncing around levels above 60. With the stock also resting comfortably almost $10 above resistance levels, respectively. There have been larger amounts of volume trading the stock throughout the past couple months which has resulted in a rise in price although, USB has a price target of $250 for the stock hopefully resulting in positive investor sentiment.by ropelt80
ADP Earningstrade Summary ADP Earningstrade Summary: Entry: 2023-JAN-24 Exit: 2023-MAY-17 Days: 113 Risk: 20,000 Premiums: 410.30 ann ROI: 410.30/20,000*365/113 = 6,6% I had to roll this trade several times. I closed the last put option a month before expiration because the option lost 70% of its value in less than half the time. The annualized ROI is rather low. Nevertheless, despite falling prices, I was able to book a profit in the end. Longby ThMar640
$ADP with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:ADP after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 72.73%.Longby EPSMomentum0
ADP - Unique Inverted H&SADP has formed this inverse H&S which I plotted using curves. This is not a price forecast but a view of a pattern. The H&S pattern is quite common but ones like this I don't see often. The curved left and right shoulders really stand out. by Bixley1
$ADP with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ADP after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 100%. Longby EPSMomentum0
ADP Automatic Data Processing Options Ahead of EarningsLooking at the ADP Automatic Data Processing options chain ahead of earnings , I would buy the $240 strike price Puts with 2023-2-17 expiration date for about $6.55premium. If the options turn out to be profitable Before the earnings release, I would sell at least 50%. Looking forward to read your opinion about it.Shortby TopgOptionsUpdated 4
ADP breaksdown from wedgeThis chart of ADP shows a distinct bearish rising wedge pattern and recently what looks like there could be a breakdown below it. Looks bearish.by MrAndroid0
ADP weekly Buy SetupLIke this one on the weekly chart. The only think I don't like is the 20MA. I wish it was stronger. Otherwise, very nice.Longby gooney0110
TOP US-Stocks: Buy-Signal ADPThe stock just broke through a perfect buy point and triggered a buy-signal. The stop loss level and profit target are shown in the graphic. All stocks on our watchlists meet the hard selection criteria according to Mark Minervini's Trend-Template and William o' Neil's CAN SLIM methodology AND are in the process of developing a Perfect Buy Point and a low-risk entry, following a volatility contraction pattern. The stock just broke through a perfect buy point and triggered a buy-signal. The stop loss level and profit target are shown in the graphic. 🍾🍾 We trade like the Champions 🍾🍾 Are you struggling with your trading strategy? Follow me to get free, real-time trading signals which are all based on Mark Minervini's success-proven strategy.Longby JS_TechTrading1
BUY IDEA: Automatic Data ProcessingAn idea published earlier today on our client platform: Strong technical structure supported by better-than-expected Q1 2023 results (Revenue and Earnings exceeding analyst expectations). Expecting a moderate retracement followed by further upside momentum. TRADING LEVELS: Entry: 243.64 Target: 275.00 Stop-loss: 225.00 For more research insights, including trade ideas, get in touch today. Longby techpers114
ADP Could Be Fighting HigherOne of the remarkable things about the current economy is the resilience of the labor market. Today’s chart focuses on a key name in that field: payroll giant Automatic Data Processing. Consider how ADP troughed below $195 in January and February. Its next low in June was slightly above that level. Then on October 13 as the broader market tanked, this stock bounced above $215. Those higher lows could reveal the presence of an uptrend. Next is the surge to new all-time highs in August following a strong quarterly report. That rally broke a trendline running along the highs of January of April. ADP pulled to back to hold the same line this month. Old resistance becomes new support. Third, ADP has touched its 50-, 100- and 200-day simple moving averages (SMAs) in the last three weeks. The proximity of those lines to each other demonstrates how much the stock has consolidated in the last year. Interestingly, the three returned to a bullish sequence (with the fastest on top) in mid-August. If that suggests the longer-term trend remains positive, the last pattern could show the shorter-term trend moving similarly. Our 2 MA Ratio custom script at the bottom shows the 8-day exponential moving average (EMA) as a ratio versus the 21-day EMA. Notice how the most recent jump pushed the faster EMA above the slower EMA. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .by TradeStation1112
$ADP with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ADP after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 28.57%. Longby EPSMomentum1
ADP Unemployment Broader MarketsIf I take a look at the chart of ADP, along with the development of the broader markets (those charts not captured), I'd be on the hook to look at the Unemployment Rate being at the consensus of 3.7%; however, it it comes in at 3.5% as it did in August (where it referenced July), then you could see some buying pressure -- nevertheless, I'd be looking at shorting opportunities into any bullish movements (that is just me). U.S. Dollar continues to be strong with Energy and Treasury Rates, while Financials remain weak. All-in-all, the thought of the markets 'skyrocketing' are just not in the cards for me. I think we're setting up for an October 4th retest of those lows. 2022-08-05 Reference Jul Actual 3.5% Previous 3.6% Consensus 3.6% 2022-09-02 Reference Aug Actual 3.7% Previous 3.5% Consensus 3.5% 2022-10-07 Reference Sep Actual (TBD) Previous 3.7% Consensus 3.7%Shortby bsdvs231
Buy Adp@ $260 Target $300 Mar 2023Automatic Data Processing (Value Stock) Technial Anaylsis 1. Uptrending 52 week high $250 2. Break out of resistance 3. May pull-back toward $250 4. Ideal Entry $260 / $250 Cost averaging 5. Target@ $300 Mar 31, 2023 to complete cycle Fundamental Description: ADP offers industry-leading online payroll and HR solutions, plus tax, compliance, benefit administration and more. Company website: www.adp.com (For Speculation Purposes)Longby SUPERGENERAL6100
$ADP with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ADP after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%. Longby EPSMomentum1
Long $ADP from 203,5ADP has been in a nice uptrend from Covid bottom. My bet is that it will bounce from bottom trend line and target is ATH. SL just below previous bottom and will trigger for reversal of trend. R/R ratio: 3,62Longby michaellaurasmussen111
$ADP with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ADP after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%. Longby EPSMomentum0