Groupe ADP may rise to 125.10 - 127.70

Our pivot point stands at 113.

Our preference

Our next up target stands at 125.1.

Alternative scenario

The downside breakout of 113 would call for 108.8 and 106.3.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 114.745 and 116.546).

Supports and resistances

130.3 **

127.7 *

125.1 **

122.7

116.7 (EUR-last)

114.8

113 **

108.8 *

106.3 **

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