Groupe ADP may fall to 97.70 - 101.40

Our pivot point stands at 119.2.

Our preference

The downside prevails as long as 119.2 is resistance.

Alternative scenario

The upside breakout of 119.2 would call for 125.5 and 129.3.

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 120.2 and 122.372).

Supports and resistances

129.3 **

125.5 *

119.2 **

116.7

113.6 (EUR-last)

105.1

101.4 **

97.7 *

93.9 **

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