Groupe ADP may fall to 98.90 - 101.50

Our pivot point is at 116.9.

Our preference

The downside prevails as long as 116.9 is resistance.

Alternative scenario

Above 116.9, look for 121.7 and 124.4.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 118.65 and 119.774). Finally, Groupe ADP has penetrated its lower daily Bollinger band (113.64).

Supports and resistances

124.4 **

121.7 *

116.9 **

115.1

112.8 (EUR-last)

104.2

101.5 **

98.9 *

96.1 **

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