National Research's 15min chart shows KDJ Golden Cross, Bullish Marubozu Pattern.

According to National Research's 15-minute chart, a Golden Cross of the KDJ indicator has been triggered, accompanied by a Bullish Marubozu candlestick formation on August 20, 2023 at 13:00. This suggests a shift in momentum towards the upside and a potential increase in stock price. The presence of a Bullish Marubozu indicates that buyers are in control of the market and are likely to continue driving the bullish momentum.

Automatic Data Processing (NASDAQ: ADP) has seen a significant shift in its stock price momentum, according to its 15-minute chart. On August 20, 2023, at 13:00, the KDJ indicator triggered a Golden Cross, accompanied by a Bullish Marubozu candlestick formation. This technical signal suggests a potential increase in stock price, with buyers dominating the market and likely to continue driving bullish momentum [1].

ADP's strong second-quarter financial results, reported on August 18, 2025, have also contributed to the positive sentiment surrounding the stock. The company's revenue grew by 7.5% year on year to $5.13 billion, and its non-GAAP profit per share was $2.26, exceeding analyst estimates by 1.5%. This robust performance can be attributed to the continued momentum in its Next Gen product suite, expanding AI-driven features, and strengthening client retention across both small business and enterprise segments [1].

ADP's CEO, Maria Black, highlighted the broad-based improvements in client satisfaction and retention, particularly due to enhancements in the Lyric platform and the integration of WorkForce Software. The company also noted that AI-driven operational efficiency tools, such as ADP Assist, have led to millions of client interactions and tangible productivity gains [1].

Looking ahead, ADP expects investments in artificial intelligence, new product rollouts, and international expansion to be critical to sustaining growth. The company's vast dataset allows it to expand from simple agents to autonomous agents, underscoring its commitment to differentiated AI capabilities for human capital management [1].

However, management also acknowledged potential headwinds from a moderating macroeconomic environment and the impact of small business closures on retention rates. ADP is prioritizing the integration of recent acquisitions and expanding embedded payroll partnerships to drive bookings and operational efficiency in the coming quarters [1].

In conclusion, ADP's Q2 results demonstrate strong growth, driven by technology investments, robust client retention, and the scaling of key platforms. While there are potential headwinds, the company's focus on AI, product integration, and international expansion positions it well for future growth. Investors should closely monitor ADP's trajectory, particularly the pace of adoption for its Next Gen products and the realization of operational efficiencies from AI investments.

References:
[1] https://markets.financialcontent.com/stocks/article/stockstory-2025-8-13-adp-q2-deep-dive-product-investments-ai-momentum-and-international-expansion-shape-outlook