$ADP with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ADP after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 28.57%.
ADPR34 trade ideas
ADP Unemployment Broader MarketsIf I take a look at the chart of ADP, along with the development of the broader markets (those charts not captured), I'd be on the hook to look at the Unemployment Rate being at the consensus of 3.7%; however, it it comes in at 3.5% as it did in August (where it referenced July), then you could see some buying pressure -- nevertheless, I'd be looking at shorting opportunities into any bullish movements (that is just me).
U.S. Dollar continues to be strong with Energy and Treasury Rates, while Financials remain weak.
All-in-all, the thought of the markets 'skyrocketing' are just not in the cards for me. I think we're setting up for an October 4th retest of those lows.
2022-08-05 Reference Jul Actual 3.5% Previous 3.6% Consensus 3.6%
2022-09-02 Reference Aug Actual 3.7% Previous 3.5% Consensus 3.5%
2022-10-07 Reference Sep Actual (TBD) Previous 3.7% Consensus 3.7%
Buy Adp@ $260 Target $300 Mar 2023Automatic Data Processing (Value Stock)
Technial Anaylsis
1. Uptrending 52 week high $250
2. Break out of resistance
3. May pull-back toward $250
4. Ideal Entry $260 / $250 Cost averaging
5. Target@ $300 Mar 31, 2023 to complete cycle
Fundamental Description:
ADP offers industry-leading online payroll and HR solutions, plus tax, compliance, benefit administration and more.
Company website: www.adp.com
(For Speculation Purposes)
$ADP with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ADP after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%.
Long $ADP from 203,5ADP has been in a nice uptrend from Covid bottom. My bet is that it will bounce from bottom trend line and target is ATH. SL just below previous bottom and will trigger for reversal of trend.
R/R ratio: 3,62
$ADP with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ADP after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%.
Automatic Data Processing ADP - Short Setup on WeeklyADP broke uptrend on weekly, returning for confirmation of downtrend. Risk/reward in the red zone is very good.
Automatically down on ADP.Goals 193, 179, 170. Invalidation at 244.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
$ADP with a Bullish outlook following its earnings #Stocks
The PEAD projected a Bullish outlook for $ADP after a Negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 100%.
LONG ADPStrong Stock making a pullback off of high volume profile and a double bottom, with an oversold RSI and IBS
ADP looking to head higher prior to earnings?Note:
I last mentioned this around late October 2021.
Since then it's gone up and consolidated while the rest of the market was turning down.
This shows institutional support technically and it's also doing really well fundamentally.
* Amazing earnings quarter over quarter
* Incredibly strong long term up trend
* High 3-month relative strength of 2.64 in the Industrial sector
* Broke out of a roughly month long base last week
* Came back down to a buying range and now increasing in volume again
Trade idea:
* Right now's a good time to enter as it's using it's 10 EMA as support.
* It's 2.1% above the broken resistance which is still very close
* Offering a great risk to reward ratio
* If you're looking for a better entry, you can look for an opportunity near the $240.11 area
Caution:
* A break below $236.13 would negate this idea.
$ADP - Calls > 230.5 | Puts < 228$ADP - Calls > 230.5 | Puts < 228
- Bull pennant formed
- Weekly Outside bar
- Holding weekly 10 ema
- Weekly Levels posted in chart
ADPthe allotted area is somewhat embarrassing, but a move up to 250 is still possible. Too aggressive XLK
ADP broke out and is picking up volume!* Exceptional earnings
* Very strong up trend
* High RS in the Industrials sector
* Breaking out of a ~12 week well rounded base
* Picking up on volume
$ADP - LongMultiple buy signals on ADP.
Long from here.
SL TBC.
82% win rate, profit factor of 17:1.
LONG (IF BUYERS ARE ON LVL) 1D closed > 179.89
I am expecting long impulse.
Scenario will be cancelled, if 1D close < 179.89
ADP Breakout WatchADP is looking really good here. Not a big stop loss and a lot of potential. If its inside the pennant in the morning, I'll be jumping in.
ADP BearishADP has been extremely bearish ever since breaking its (green) trend line. I believe this will continue to head downwards, either touching the top of the rectangle (using the gap as a support) or touching the bottom of the rectangle (completing a gap fill)
I wish you prosperity in all your trades, remember to use proper risk management!
