Tickeron detected bearish Stock Pattern: Triangle Ascending ADP on September 19, 2023, netting in a 5.78% gain over 1 month

A.I.dvisor
at Tickeron.com
09/27/23
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+5.78% Gain from a Successful pattern Triangle Ascending
ADP - Automatic Data Processing
Ticker: ADP
Company: Automatic Data Processing
Gain from shortening: +5.78%
Confirmed: 09/19/23
Succeeded: 09/26/23
Total length: 32 days
On August 25, 2023, A.I.dvisor detected a Triangle Ascending Pattern (Bearish) for Automatic Data Processing (ADP, $251.79). 25 days later, on September 19, 2023, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On September 26, 2023, the stock hit the target price of $237.23 – resulting in a gain for traders who shorted the stock on the pattern detection date.
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a provider of business outsourcing solutions

Industry PersonnelServices

Profile
Fundamentals
Details
Industry
Data Processing Services
Address
One ADP Boulevard
Phone
+1 973 974-5000
Employees
60000
Web
https://www.adp.com
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ADP and

Correlation & Price change

A.I.dvisor indicates that over the last year, ADP has been closely correlated with PAYX. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if ADP jumps, then PAYX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ADP
1D Price
Change %
ADP100%
-1.12%
PAYX - ADP
85%
Closely correlated
-1.53%
KFY - ADP
56%
Loosely correlated
-0.94%
MAN - ADP
52%
Loosely correlated
+0.31%
NSP - ADP
52%
Loosely correlated
-0.14%
BBSI - ADP
48%
Loosely correlated
-1.04%
More