Looking 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.
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%.
This chart of ADP shows a distinct bearish rising wedge pattern and recently what looks like there could be a breakdown below it. Looks bearish.
LIke this one on the weekly chart. The only think I don't like is the 20MA. I wish it was stronger. Otherwise, very nice.
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. 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...
An 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...
One 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...
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%.
If 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...
Automatic 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...
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%.
ADP 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: 3,62
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%.
ADP broke uptrend on weekly, returning for confirmation of downtrend. Risk/reward in the red zone is very good.
Goals 193, 179, 170. Invalidation at 244. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels...
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%.
Strong Stock making a pullback off of high volume profile and a double bottom, with an oversold RSI and IBS
Note: I last mentioned this around late October 2021. Since then it's gone up and consolidated while the rest of the market was turning down. This shows institutional support technically and it's also doing really well fundamentally. * Amazing earnings quarter over quarter * Incredibly strong long term up trend * High 3-month relative strength of 2.64 in the...