Overall market sentiment has been high on Automatic Data Processing Inc (ADP) stock lately. ADP receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With ADP Stock Today?
Automatic Data Processing Inc (ADP) stock is trading at $163.71 as of 1:43 PM on Tuesday, Jan 26, a gain of $0.03, or 0.02% from the previous closing price of $163.68. Volume today is 1,359,508 compared to average volume of 1,666,639. The stock has traded between $163.01 and $165.72 so far today.
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More About Automatic Data Processing Inc
Automatic Data Processing Inc competes in the human resources administration services industry. It provides services that satisfy companies' human resources needs, such as payroll processing and benefits administration. ADP was founded in 1949 and has its headquarters in Roseland, New Jersey.
Click Here to get the full Stock Score Report on Automatic Data Processing Inc (ADP) Stock.
