Groupe ADP may fall to 95.50 - 98.50

114.8 is our pivot point.

Our preference

The downside prevails as long as 114.8 is resistance.

Alternative scenario

Above 114.8, look for 119.9 and 123.

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 115.53 and 115.758).

Supports and resistances

123 **

119.9 *

114.8 **

112.8

110.3 (EUR-last)

101.4

98.5 **

95.5 *

92.6 **

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