Groupe ADP may fall to 106.20 - 109.50

Our pivot point stands at 128.2.

Our preference

Under pressure below 128.2.

Alternative scenario

Above 128.2, look for 134.1 and 137.6.

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 both its 20 and 50 day moving average (respectively at 127.53 and 124.094). Finally, Groupe ADP is trading below its lower daily Bollinger band (standing at 121.14).

Supports and resistances

137.6 **

134.1 *

128.2 **

125.9

120.3 (EUR-last)

112.9

109.5 **

106.2 *

102.7 **

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