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Automatic Data Processing, Inc.

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ADP trade ideas

Automatic Data Processing, Inc. (ADP) | Chart & Forecast SummaryKey Indicators on Trade Set Up in General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Active Sessions on Relevant Range & Elemented Probabilities; * Asian(Ranging) - London(Upwards) - NYC(Downwards) * Weekend Crypto Session # Trend | Time Frame Conductive | Weekly Time Frame - General Trend - Measurement on Session * Support & Resistance * Trade Area | Focus & Motion Ahead # Position & Risk Reward | Daily Time Frame - Measurement on Session * Retracement | 0.5 & 0.618 * Extension | 0.786 & 1 Conclusion | Trade Plan Execution & Risk Management on Demand; Overall Consensus | Buy
CAPITALCOM:ADPLong
by P-Ment4U
The Price is currently above the middle bandPrice Action & Trend : A pullback occurred recently, but the price bounced off a lower level (around $268) and seems to be attempting a continuation of the uptrend. Bollinger Bands : The price recently touched the upper Bollinger Band and pulled back slightly, but it's currently moving back toward the upper band, suggesting potential bullish momentum. Volume : Volume has increased slightly on the upward move today. This is a positive sign, as it indicates that the bullish move is supported by buyers. Key Support & Resistance Levels : Support: The most immediate support level is around $268, which is also near the middle Bollinger Band and the previous low. Resistance: The next significant resistance is around $278, the most recent swing high. If this level is broken, the stock may continue to rally. Candlestick Pattern : Today's candlestick is a large bullish candle, engulfing the previous candle, which is typically a bullish engulfing pattern. This is a positive sign, as it indicates buyer strength. Conclusion : The overall sentiment for ADP looks bullish, as it is in an uptrend, trading above key moving averages, and supported by rising volume. If the price breaks the $278 resistance, the uptrend may continue further. A break below $268 could signal a deeper pullback, potentially down to the 50-day moving average around $264.
NASDAQ:ADPLong
by Sahrin
This is what Winner Stocks looks likeGreat stock for good returns. ADP's moat stems from its dominant position in the payroll and human capital management industry, which is bolstered by its extensive scale and network effects. The company's large customer base and integrated services create a significant barrier to entry for competitors, enhancing its value proposition. ADP's long-standing reputation for reliability and accuracy has built substantial customer loyalty, making it difficult for new entrants to challenge its market share. Additionally, ADP’s comprehensive suite of services, including payroll, benefits administration, and tax compliance, increases switching costs for clients. The company's ongoing investment in technology and data security helps it maintain a competitive edge, driving sustained financial performance and contributing to its high stock valuation.
NASDAQ:ADPLong
by dividends4me
ADP : Key observations and potential trading opportunities I seeThe key observations and potential trading opportunities I see 1. Price Action: The chart shows a ranging market with clear support and resistance levels. The price has been oscillating between approximately $240.39 (support) and $250.18 (resistance) over the past few months. 2. Recent Movement: There's been a recent upward movement from the support level, with the price currently near the resistance level of $248.78. 3. Potential Setup: A short (sell) opportunity may be emerging. The price has approached the upper resistance level and appears to be showing signs of rejection. 4. Entry Point: The "Sell Point" marked on the chart at around $248.78 seems to be a logical entry for a short position. 5. Target: If initiating a short trade, the initial target could be the lower support level at $241.28, with an ultimate target at the stronger support of $240.39. 6. Stop Loss: A stop loss could be placed above the major resistance at $250.18. 7. Risk/Reward: Assuming an entry at $248.78, stop at $250.18, and target at $241.28: Risk = $1.40 per share Potential Reward = $7.50 per share Risk/Reward Ratio = approximately 1:5.35, which is favorable 8. Volume: Without clear volume indicators, it's difficult to confirm the strength of the recent move. This is a limitation in the analysis. 9. Trend: The overall trend appears neutral (ranging), but there's a short-term uptrend that might be losing steam at the resistance level. 10. Additional Considerations: - The ranging nature of this market suggests a strategy of "selling the rips and buying the dips" could be effective. - Be cautious of potential breakouts above $250.18, which could invalidate the short setup. - The "Take Profits" level marked on the chart aligns with historical support, reinforcing its significance. Conclusion: Based on this analysis, a short trade setup with a favorable risk-reward ratio is presenting itself. However, it's crucial to wait for confirmation of rejection at the resistance level before entering. Always use proper position sizing and be prepared to exit if the price breaks above the key resistance level. Remember, this analysis is based solely on the technical aspects visible in the provided chart. In real trading scenarios, it's important to consider fundamental factors, broader market conditions, and use additional technical indicators for confirmation.
NASDAQ:ADPShort
by Trustscore
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.
NASDAQ:ADPLong
by TopgOptions
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.
NASDAQ:ADP
by fibonacci6180
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.
NASDAQ:ADP
by ropelt8
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.
NASDAQ:ADPLong
by JS_TechTrading
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 .
NASDAQ:ADP
by TradeStation
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