Groupe ADP may fall to 97.50 - 100.40

Our pivot point stands at 114.9.

Our preference

The downside prevails as long as 114.9 is resistance.

Alternative scenario

Above 114.9, look for 120.2 and 123.2.

Comment

The RSI is below 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 114.9 and 115.356).

Supports and resistances

123.2 **

120.2 *

114.9 **

112.9

110.9 (EUR-last)

103.5

100.4 **

97.5 *

94.4 **

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