If 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...
The 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%.
Trading 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....
ADP 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.
#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.
Although 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....
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...
The 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%.
ADP 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.
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%.
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 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...
