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ADP Stock Tickeron detected bullish Stock Pattern: Broadening Wedge Descending ADP on May 07, 2025, netting in a 12.31% gain over 1 month

A.I.dvisor
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+12.31% Gain from a Successful pattern Broadening Wedge Descending
ADP - Automatic Data Processing
Tickeron
Ticker: ADP
Company: Automatic Data Processing
Gain: +12.31%
Confirmed: 05/07/25
Succeeded: 05/15/25
Total length: 38 days
On April 07, 2025, A.I.dvisor detected a Broadening Wedge Descending Pattern (Bullish) for Automatic Data Processing (ADP, $281.22). On May 07, 2025, A.I.dvisor confirmed the Bullish pattern, setting a target price of $318.64. 8 days later, on May 15, 2025, ADP reached the target price resulting in a +1 for traders who took a long position in the stock.

ADP in upward trend: price rose above 50-day moving average on May 02, 2025

ADP moved above its 50-day moving average on May 02, 2025 date and that indicates a change from a downward trend to an upward trend. In of 42 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on April 30, 2025. You may want to consider a long position or call options on ADP as a result. In of 100 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The 10-day moving average for ADP crossed bullishly above the 50-day moving average on May 07, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ADP advanced for three days, in of 338 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 304 cases where ADP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 11 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 22 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ADP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

ADP broke above its upper Bollinger Band on May 16, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

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ADP
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General Information

a provider of business outsourcing solutions

Industry

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