Groupe ADP may rise to 125.10 - 127.80

111.4 is our pivot point.

Our preference

Short term rebound towards 125.1.

Alternative scenario

The downside breakout of 111.4 would call for 106.7 and 104.1.

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 115.67 and 116.502).

Supports and resistances

130.6 **

127.8 *

125.1 **

122.3

115 (EUR-last)

113.2

111.4 **

106.7 *

104.1 **

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