Automatic Data Processing (NASDAQ: ADP) STOCK RECOMMENDATION
Idea | BUY |
Buy Range | 270 – 274 |
Target | 285 – 288 |
StopLoss* | below 265 |
Duration | 14-15 Trading Days |
Potential Returns | 5% – 6% |
Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
BUY | 270 – 274 | 285 – 288 | below 265 | 14-15 Trading Days | 5% – 6% |
* Once the first target hit, reset the StopLoss at your buying price.
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Automatic Data Processing (NASDAQ: ADP) STOCK OVERVIEW
Automatic Data Processing, Inc. offers cloud-based human capital management (HCM) solutions globally. It has two main segments: Employer Services and Professional Employer Organization (PEO). The Employer Services segment provides strategic cloud platforms and HR outsourcing, including RUN Powered by ADP for small business payroll, ADP Workforce Now for mid-sized and large businesses, and ADP Vantage HCM for comprehensive HR management. The PEO Services segment delivers HR and employment outsourcing under the ADP TotalSource brand, focusing on co-employment, employee benefits, compliance, talent engagement, and recruitment outsourcing. Founded in 1949, the company is based in Roseland, New Jersey.
Stock Data | |
NASDAQ Symbol | ADP |
Sectoral Index | Technology |
52 Weeks High | 275.1 |
52 Weeks Low | 205.53 |
Automatic Data Processing (NASDAQ: ADP) - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Automatic Data Processing — NASDAQ —
Automatic Data Processing (NASDAQ: ADP) - DAILY TECHNICAL ANALYSIS
- The stock price had earlier established an Inverted Head & Shoulders pattern.
- After breaking out, it experienced a initial rise but encountered resistance around the 255 level.
- This was followed by a period of consolidation, during which a Broadening pattern emerged.
- With another breakout, the stock price soared and is now trading at an all-time high, with expectations of further upward movement.
Automatic Data Processing (NASDAQ: ADP) - RSI
- Current RSI of this stock is 77.89, which indicates the strength of buyers.
Automatic Data Processing (NASDAQ: ADP) - ADX & DI
- Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.
Automatic Data Processing (NASDAQ: ADP) - EMA Cross
- The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last dayโs candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
CONCLUSION - Automatic Data Processing (NASDAQ: ADP) STOCK PRICE FORECAST
Based on our stock trading advice in USA, Automatic Data Processing stock price target will be USD 285 – USD 288 in the next 14-15 trading sessions.
Automatic Data Processing (NASDAQ: ADP) TRADINGVIEW POSITION UPDATE
Buy Automatic Data Processing by NaranjCapital on TradingView.com
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