ADP Unpredictable

6 Haz 2023

Although ADP has an average growth of sales every year of around 5.52% but it still would appear as if the stock is being overbought. The P/E ratio is given a relative sector grade of D- for having a difference to other companies in the sector by over a 70% margin. RSI index indicates that the stock is nearing the overbought level bouncing around levels above 60. With the stock also resting comfortably almost $10 above resistance levels, respectively. There have been larger amounts of volume trading the stock throughout the past couple months which has resulted in a rise in price although, USB has a price target of $250 for the stock hopefully resulting in positive investor sentiment.