ADP Price Prediction Next Week
Based on the technical analysis and news sentiment data, here's the price prediction for ADP for the next trading week:
Technical Analysis
- Current RSI (14) at 54.88 indicates a neutral momentum, suggesting the stock is neither overbought nor oversold
- MACD at 0.27 shows a slightly bullish signal
- SMA20 at 293.31 and SMA200 at 267.98 forms a golden cross pattern, indicating a potential bullish trend
- Fibonacci levels show key resistance at 299.55 and support at 287.62
News Impact
- ADP recently declared a regular quarterly dividend of $1.54 per share payable April 1, 2025, demonstrating stable financial health
- The company will report earnings on Wednesday, January 29, 2025, which could significantly impact price movement
- Options market sentiment suggests moderate volatility expectations with implied volatility around 21%
Price Targets for Next Week
- Resistance levels: $299.55 (Fibonacci R1), $303.23 (Fibonacci R2)
- Support levels: $287.62 (Fibonacci S1), $283.94 (Fibonacci S2)
- Most likely price range: $287-$299
Trading Recommendation SELL with target price of $287.62 Rationale:
- Upcoming earnings report creates uncertainty
- Technical indicators show neutral to slightly bearish momentum
- Stock is trading near resistance levels
- Market sentiment heading into earnings week could create selling pressure
Stop loss should be placed at $303.23 (Fibonacci R2) to limit potential losses.
ADP Similar Chart Price Prediction
The price of ADP is predicted to go up -2.87%, based on the high correlation periods with AMSF. The similarity of these two price pattern on the periods is 91.95%.
ADP
AMSF
Down: -2.87%Similarity: 91.95%
ADP Revenue Forecast
ADP EPS Forecast
ADP FAQs
What is revenue forecast for next quarter？
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ADP VS S&P500
ADP benefits from high client switching costs, a scale-based cost advantage, intangible brand assets, and a powerful referral network.
Despite facing fierce competitive pressures and undergoing forced platform migrations, ADP has retained high revenue retention and improved operating margins over the past decade.
ADP has a strong record of returning capital to shareholders through dividends and share repurchases.
ADP Analyst's Forecast
Bryan Bergin
TD Cowen
Hold
Price Target
$276 → $285
Upside
-1.1%
TD Cowen raised the firm's price target on ADP to $285 from $276 and keeps a Hold rating on the shares. The firm said Q1 was largely down the middle of the fairway with consistent execution from ADP to drive robust bookings in a steady HCM demand environment.
Samad Samana
Jefferies
Hold
Price Target
$260 → $290
Upside
-0.53%
Peter Christiansen
Citigroup
Hold
Price Target
$260 → $295
Upside
+7.18%