Groupe ADP may fall to 103.90 - 106.80

122.8 is our pivot point.

Our preference

The downside prevails as long as 122.8 is resistance.

Alternative scenario

Above 122.8, look for 127.7 and 130.7.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 118.87 and 120.054).

Supports and resistances

130.7 **

127.7 *

122.8 **

120.8

115.5 (EUR-last)

109.7

106.8 **

103.9 *

101.1 **

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