Groupe ADP may rise to 123.90 - 127.20

108.5 is our pivot point.

Our preference

Short term rebound towards 123.9.

Alternative scenario

Below 108.5, expect 103 and 99.7.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 113.36 and 115.25).

Supports and resistances

130.5 **

127.2 *

123.9 **

120.6

113.1 (EUR-last)

110.7

108.5 **

103 *

99.7 **

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