Groupe ADP may fall to 101.70 - 104.60

Our pivot point is at 118.1.

Our preference

The downside prevails as long as 118.1 is resistance.

Alternative scenario

The upside breakout of 118.1 would call for 122.8 and 125.6.

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 116.61 and 117.438).

Supports and resistances

125.6 **

122.8 *

118.1 **

116.2

113.6 (EUR-last)

107.3

104.6 **

101.7 *

99 **

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