Where Will Automatic Data Processing Inc (ADP) Stock Go Next After It Has Risen 4.00% in a Week?

The market has been high on Automatic Data Processing Inc (ADP) stock recently. ADP gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Automatic Data Processing Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ADP!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 $235.31 as of 2:27 PM on Tuesday, Oct 18, an increase of $2.23, or 0.96% from the previous closing price of $233.08. The stock has traded between $232.77 and $239.26 so far today. Volume today is below average. So far 930,002 shares have traded compared to average volume of 1,918,148 shares. To see InvestorsObserver's Sentiment Score for Automatic Data Processing Inc click here.

More About Automatic Data Processing Inc

ADP is a provider of payroll and human capital management solutions servicing the full scope of businesses from micro to global enterprises. ADP was established in 1949 and serves over 990,000 clients primarily in the United States. ADP's employer services segment offers payroll, HCM solutions, HR outsourcing, insurance and retirement services. The smaller but faster-growing PEO segment provides HR outsourcing solutions to small and midsize businesses through a co-employment model. Click Here to get the full Stock Report for Automatic Data Processing Inc stock.