ADP stock: buy or sell
Updated on:
Jul 29th, 2021
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ADP stock brief
- After marking new highs on Tuesday, Automatic Data Processing closed on Wednesday at $206.88 just changing a -0.49%
- On Wednesday, Automatic Data Processing made public its Q4 earnings report
- Automatic Data Processing, Inc. provides cloud-based human capital management solutions worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO).
Should I buy Automatic Data Processing stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $ADP stock a buy?
In the current situation of Automatic Data Processing there is just one buy setup eligible:
Uptrend buy setup
Automatic Data Processing stock is in an uptrend since last January that so far has marked a gorgeous 31.00% gain. Price marked a local bottom in this uptrend at $192.18 in mid-June, and since then it bounced off a 7.65%. Price just broke out above the entry point at $200.36, but it can be traded. If price climbs above $210.38, it would be better to wait to another pullback. If you decide to enter this trade, the suggested stop loss is at $186.41
| Buy setup | Buy point | Stop loss | Risk |
| Uptrend buy setup | $200.36 | $186.41 | 6.96% |
Should I sell Automatic Data Processing stock?
Knowing when to sell a stock is even more difficult than knowing when to buy it. In the same way as when we have to buy shares, deciding when is appropiate time to sell is not a haphazard decision, and we must follow our own trading style. When selling, as well as buying, our setups are very simple to use but are only valid for selling shares you already own, not for shorting $ADP stock
As a rule of thumb, you should never keep a trade that generates higher than expected losses at the time of purchase. The timing to sell your stock must always be determined by the stop-loss (automatic or manual)
Is it time to sell Automatic Data Processing stock?
Currently, Automatic Data Processing stock doesn't match any of our preferred sell setups, so if you own Automatic Data Processing shares and your operation is in profit probably is not time to sell now
Automatic Data Processing ratings
We don't have any rating published in the last 30 days for Automatic Data Processing
Automatic Data Processing stock analysis
Automatic Data Processing stock started an uptrend last January, and gained a gorgeous 31.14%. During this uptrend, the price offered some entry points on the breakouts. Latest low was in mid-June, when price bounced at $192.18. Automatic Data Processing broke out above $200.36 (its last top) last Friday. That breakout was a good buying opportunity
$ADP at All-time Highs
Automatic Data Processing did it again, and hit new all-time highs (ATH) on Tuesday at $208.59. Previous highs were on July 16
SMAs overview
Supports and resistances
Price is at all-time highs and there are not upper resistances.
The current support levels are:
Bollinger bands
The evolution of the Bollinger Bands on the chart shows that they are pretty narrow (less than 5%), which clearly indicates that price volatility is low. The tightness of the Bollinger bands is frequently a signal of a sharp price movement (up or down), so we must be alert and manage our buy or sell orders accordingly
Relative strength index
The RSI dropped below the overbought level of 70 on July 16 after just crossing to the overbough zone for just one day (weak signal). The RSI reading on Wednesday was 61.51. Since then, Automatic Data Processing price barely moved a 0.07%
Automatic Data Processing stock price history
Automatic Data Processing started trading on Mar 17th, 1980 at $0.00 per share1. Since then, ADP stock surged by -, with an average of 0.00% per year. An investment of $1,000USD at that time would have a value of $inf nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Automatic Data Processing stock
Nobody can predict how much a stock will be priced tomorrow. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions publish their price predictions based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new fundamental data by the company, and many times. Again, these targets are not direct recommendations for small traders and must not be followed blindly.
We don't have any target price published in the previous 30 days for Automatic Data Processing.
Earnings and financials
Automatic Data Processing ($ADP) hosted the earnings event and presented the report on Wednesday.
This compares to Earnings of $1.14 per share a year ago, so posted EPS means -100.00%. Sales merely moved on an annualized basis in the , from $40.5B to $41.0B last quarter.ADP ($ADP) is hosting the earnings call next October.
Automatic Data Processing performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Automatic Data Processing ($ADP) | 5.00% | 11.20% | 23.00% |
Please read:
The thoughts expressed in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this paper does not have an understanding of the specific circumstances of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for informational motives onlyADP summary
| Wednesday, July 28th, 2021 | |
|---|---|
| Open | $207.27 |
| Close | $206.88 |
| Day range | $203.22 - $207.5 |
| Previous close | $207.89 |
| Session gain | -0.49% |
| Average true range | $3.11 |
| 50d mov avg | $199.00 |
| 100d mov avg | $193.91 |
| 200d mov avg | $179.63 |
| Earnings date | October 26th, 2021 |