Groupe ADP may fall to 104.80 - 106.90

117.8 is our pivot point.

Our preference

The downside prevails as long as 117.8 is resistance.

Alternative scenario

Above 117.8, look for 121.3 and 123.4.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 117.085 and 116.666). Finally, Groupe ADP has penetrated its lower daily Bollinger band (113.68).

Supports and resistances

123.4 **

121.3 *

117.8 **

116.4

113.2 (EUR-last)

109

106.9 **

104.8 *

102.8 **

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