ADP shares among the top performers of the SBF 120, +1.7% over the month

A surge of 2.78% that repositions the stock at the level of its key moving averages

ADP shares gained 2.78% during the session to €111.10, while the CAC 40 advanced by a modest 0.41% and the SBF 120 by 0.43%. This rebound places the stock among the strongest performers in the index, in a market that lacks overall momentum. The advance is supported by a technical configuration that is regaining balance: the price moves back above the 20-day MA at €108.73 (a gap of +2.18%) and settles virtually at the level of the 50-day MA at €110.60 as well as the 200-day MA at €111.16, with both gaps below 0.5%.

This realignment contrasts with the drop below the three moving averages observed on September 9, which had materialized several weeks of downward pressure. The RSI at 47 remains neutral, signaling neither buying excess nor exhaustion: short-term momentum is becoming constructive without showing any overheating.

A positive monthly trajectory despite a quarter still slightly in the red

Over the week, ADP posted a gain of 2.21%, and 1.65% over the month, which contrasts with a decline of 2.8% over three months. Year-to-date performance remains modest at +1.46%. This profile illustrates a stock gradually recovering after a difficult sequence last summer, marked notably by a drop below the main moving averages in late August and early September.

When publishing first-half 2026 results on July 29, the group had communicated a target EBITDA of €2,325 million for the current fiscal year. Resistance at €114.50 now represents the next level to monitor, approximately 3% above the current price.