Groupe ADP may fall to 101.10 - 103.80

Our pivot point is at 116.9.

Our preference

The downside prevails as long as 116.9 is resistance.

Alternative scenario

The upside breakout of 116.9 would call for 121.5 and 124.2.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 118.29 and 119.244). Finally, Groupe ADP is trading below its lower daily Bollinger band (standing at 112.01).

Supports and resistances

124.2 **

121.5 *

116.9 **

115.2

111.7 (EUR-last)

106.5

103.8 **

101.1 *

98.4 **

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