Groupe ADP may fall to 102.70 - 105.50

118.8 is our pivot point.

Our preference

The downside prevails as long as 118.8 is resistance.

Alternative scenario

The upside breakout of 118.8 would call for 123.6 and 126.4.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 116.12 and 116.746).

Supports and resistances

126.4 **

123.6 *

118.8 **

116.9

114.5 (EUR-last)

108.3

105.5 **

102.7 *

99.9 **

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