Anybody saw $ADP hitting its ABCD completion? Trump has overshadowed the fact that US Services PMI just came in 2pts below expectations and the major auto companies have been laying off workers as inventory piles up. ADP operating margins are at -1 standard deviation levels while its valuations metrics are at +1 standard deviation into a slowing economy. 1.6%...
Healthy balance sheet.
I do not hold positions in this investments. No recommendations are made one way or the other. If you're an investor, you'd want to look much deeper into each of these situations. You can lose money trading or investing in stocks and other instruments. Always do your own independent research, due diligence and seek professional advice...
Shortlisted with FINVIZ, all indicators show bullish momentum, we're looking into going long for ADP.
SSB: Ensure TP is before highest point within last 6 months.
Our Quant Algo has been flashing a short signal on ADP.
Expect the price to fall to atleast $123.
** This signal is the result of a quantitative analysis.
Market is turning bearish again and ADP looks like it has completed a counter-trend rally to the 78.6% retracement level. ABCD downside projection of $128, -c.12% with stops placed within 3% of current price; 4:1 risk reward ratio.
If the price bounces to $ 141.44, it'll continue in phase 2, but I think it's starting phase 3 because the RSI is down and the force of sale takes more than 2 years.
I don't have a price target for ADP but it is interesting to see the resistance at $140 and the lower lows with a negatively diverging MACD. This is ultimately a bearish pattern.
Today's statistics on the US labor market may well disappoint. At least, this is indicated by data on the level of employment in the private sector from ADP. With an average forecast of experts in +190K, in fact the figure was +177K. Overall, there is nothing terrible in this figure. By itself, it is very, very good. The problem is that the States have become a...
Automatic Data Processing, Inc. (ADP) is a provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The Company also provides business process outsourcing solutions. Its segments include Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers a range of human resources (HR) business process outsourcing and technology-enabled HCM solutions. These offerings include payroll services, benefits administration, talent management, HR management, time and attendance management, insurance services, retirement services, and tax and compliance services. ADP TotalSource, ADP's PEO business, offers small and mid-sized businesses a HR outsourcing solution through a co-employment model. As a PEO, ADP TotalSource provides HR management services while the client continues to direct the day-to-day job-related duties of the employees.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
ADP
![ADP: [ADP] Starting to phase 3?](https://s3.tradingview.com/g/GgWNJNlk_mid.png "[ADP] Starting to phase 3?")
