Groupe ADP may fall to 98.30 - 101.20

Our pivot point is at 116.6.

Our preference

The downside prevails as long as 116.6 is resistance.

Alternative scenario

The upside breakout of 116.6 would call for 121.5 and 124.4.

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 117.63 and 118.516).

Supports and resistances

124.4 **

121.5 *

116.6 **

114.7

112.8 (EUR-last)

104

101.2 **

98.3 *

95.5 **

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