For its latest trading sesion, Automatic Data Processing, Inc. (NASDAQ:ADP) dropped by -0.9% – here is what that looked like (as of 2019-12-04):
What is the cause of all this?? To have a greater insight of what is happening, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:
A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.043, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 1.848, an Accumulation/Distribution Index (ADI) of 1.848, an On-Balance Volume (OBV) of 2970.267, and a Chaiikin Money Flow (CMF) of 168.59. 2.642
Now let’s plug these indicators in. According to Trading View, putting it all together gets the following:
So there you have it – our analysis of Automatic Data Processing, Inc. (NASDAQ:ADP). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.