Groupe ADP may rise to 128.90 - 132.80

Our pivot point stands at 109.8.

Our preference

Short term rebound towards 128.9.

Alternative scenario

The downside breakout of 109.8 would call for 103.4 and 99.6.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading above its 20 day moving average (115.71) but under its 50 day moving average (121.996).

Supports and resistances

136.8 **

132.8 *

128.9 **

125.1

115.8 (EUR-last)

112.4

109.8 **

103.4 *

99.6 **

Number of asterisks represents the strength of support and resistance levels.