Groupe ADP may fall to 115.80 - 117.70

Our pivot point stands at 128.4.

Our preference

Target 117.7.

Alternative scenario

Above 128.4, look for 131.7 and 133.6.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day moving average (125.445) but above its 50 day moving average (123.572).

Supports and resistances

133.6 **

131.7 *

128.4 **

127.1

124.7 (EUR-last)

119.7

117.7 **

115.8 *

113.9 **

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