We Compared Computer Task Group, Incorporated ($CTG) and Automatic Data Processing, Inc. ($ADP)

2019-08-16 | Welcome! Today we compared how two different stocks in the EDP Services industry are trading: Computer Task Group, Incorporated and Automatic Data Processing, Inc.. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, Computer Task Group, Incorporated opened at 4.12, got to a maximum price of 4.16 and dropped to as low as 4.01 before finishing the session at 4.08. In total there were 161500 shares traded, which is enough to conduct our analysis. Compare that now to Automatic Data Processing, Inc., which opened at 164.18, had a high of 166.36, a low of 162.51, closed at 165.07 and had a total volume of 1670300.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator Computer Task Group, Incorporated Automatic Data Processing, Inc.
Accumulation-distribution index 34.09714 1356.84985
on-balance volume 4.08 163.84
chaikin money flow

6.5 2.53211
force index

0.00258 9.9736
ease of movement rating

0.00026 -0.01239
volume-price trend

-0.18368 0.59735
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator Computer Task Group, Incorporated Automatic Data Processing, Inc.
Average true range 0.09043 1.57437
Bolinger bands 4.10571 164.86448
Upper bollinger band 3.96429 161.38552
Lower bollinger band

4.01 162.51
Bollinger high band indicator

1.0 nan
Bollinger high low indicator

1.0 1.0
Central keltner channel

4.09667 164.35
High band keltner channel

4.05667 162.17
Low band keltner channel

4.13667 166.53
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

4.01 162.51
Donchain channel low band

4.01 162.51
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator Computer Task Group, Incorporated Automatic Data Processing, Inc.
Moving Average Convergence Divergence (MACD) trend_macd 0.0276
MACD signal 0.00062 0.01533
MACD difference 0.0005 0.01226
fast Exponential Moving Average (EMA) indicator

4.01 162.51
slow Exponential Moving Average (EMA) indicator

4.01 162.51
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.30789 0.08148

-3.64812 -0.12976
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

66.66667 66.66667
Detrended Price Oscillator (DPO)

0.1902 -0.64647
KST Oscillator (KST)

-45.28401 3.99394
KST Oscillator (KST Signal)

-45.28401 3.99394
KST difference

2.97605 1.89975
Ichimoku rating

4.14 165.27
Ichimoku B rating

4.14 165.27
Ichimoku visual trend A

4.32072 164.7319
Ichimoku visual trend B

4.32874 166.00854
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

4.0 4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator Computer Task Group, Incorporated Automatic Data Processing, Inc.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 50.04065 100.0
True Strength Index (TSI) -100.0 100.0
ultimate oscillator

-373.11577 27.90764
stochastic oscillator

375.0 176.6055
stochastic oscillator signal

375.0 176.6055
Williams %R rating

275.0 76.6055
awesome oscillator

0.00733 0.45336

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Computer Task Group, Incorporated and Automatic Data Processing, Inc..

Daily return -4.5284 0.39939
Daily log return 1.23917 0.75403
Cumulative return 1.24688 0.75688

So there you have it: our deep, grueling analysis comparing Computer Task Group, Incorporated and Automatic Data Processing, Inc. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s Computer Task Group, Incorporated:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether CTG is strong or weak. Again – this is not a reliable indication of whether Computer Task Group, Incorporated is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Automatic Data Processing, Inc.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Abigale Lormen

Abigale is a Masters in Business Administration by education. After completing her post-graduation, Abigale jumped the journalism bandwagon as a freelance journalist. Soon after that she landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor at amarketreportsjournal.
Abigale Lormen

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