Technical Analysis:
Based on the latest technical indicators for ADP:
- RSI (14) at 60.77 indicates neutral momentum
- MACD is bullish with positive divergence (MACD: 3.44, Signal: 3.04)
- Price is trading above all major moving averages (SMA 20: 303.08, SMA 60: 298.71)
- Bollinger Bands show price near upper band (Upper: 317.22, Middle: 303.08, Lower: 288.95)
Price Targets & Analyst Views:
Recent analyst actions show increasing optimism:
- Barclays raised target to $350 with Overweight rating
- RBC Capital maintains $315 target with Sector Perform rating
- Jefferies raised target to $305 with Hold rating
- Mizuho raised target to $310 with Outperform rating
News & Fundamental Factors:
- The stock recently crossed above the average analyst target of $300.67
- ADP maintains strong financial metrics with a net margin of 20.88% and ROE of 19.33%
- The company continues to demonstrate revenue growth at 6.23%
Price Prediction for Next Week:
Based on technical analysis and current momentum:
- Support levels: $303.81 (Fibonacci S1), $301.71 (Fibonacci S2)
- Resistance levels: $310.59 (Fibonacci R1), $312.68 (Fibonacci R2)
Expected trading range: $305-$313
Recommendation: HOLD
- Current price shows neutral-to-bullish momentum
- Trading near upper Bollinger Band suggests limited immediate upside
- Strong fundamentals support current valuation but price may consolidate in the short term
Technical Analysis:
Based on the latest technical indicators for ADP:
- RSI (14) at 60.77 indicates neutral momentum
- MACD is bullish with positive divergence (MACD: 3.44, Signal: 3.04)
- Price is trading above all major moving averages (SMA 20: 303.08, SMA 60: 298.71)
- Bollinger Bands show price near upper band (Upper: 317.22, Middle: 303.08, Lower: 288.95)
Price Targets & Analyst Views:
Recent analyst actions show increasing optimism:
- Barclays raised target to $350 with Overweight rating
- RBC Capital maintains $315 target with Sector Perform rating
- Jefferies raised target to $305 with Hold rating
- Mizuho raised target to $310 with Outperform rating
News & Fundamental Factors:
- The stock recently crossed above the average analyst target of $300.67
- ADP maintains strong financial metrics with a net margin of 20.88% and ROE of 19.33%
- The company continues to demonstrate revenue growth at 6.23%
Price Prediction for Next Week:
Based on technical analysis and current momentum:
- Support levels: $303.81 (Fibonacci S1), $301.71 (Fibonacci S2)
- Resistance levels: $310.59 (Fibonacci R1), $312.68 (Fibonacci R2)
Expected trading range: $305-$313
Recommendation: HOLD
- Current price shows neutral-to-bullish momentum
- Trading near upper Bollinger Band suggests limited immediate upside
- Strong fundamentals support current valuation but price may consolidate in the short term