Groupe ADP may fall to 99.70 - 103.40

Our pivot point stands at 122.

Our preference

The downside prevails as long as 122 is resistance.

Alternative scenario

Above 122, look for 128.5 and 132.2.

Comment

The RSI is below 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 123.195 and 122.65).

Supports and resistances

132.2 **

128.5 *

122 **

119.5

115 (EUR-last)

107.2

103.4 **

99.7 *

95.9 **

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