ADP shares break through the €113.60 resistance level and gain 2% intraday

A technical level reclaimed and a position above the three moving averages

The stock trades at €115.30, up 2.13%, and has gained 6.86% over one week. It broke intraday through the highest level of its last thirty sessions, at €113.60, a level that now becomes support.

The price is now above the MM20 (a gap of 6.38%), the MM50 (6.06%) and the MM200 (4.68%). This position contrasts with the 3.84% decline still visible over three months.

The RSI at 63 sits in a bullish zone without excess. The next identified resistance is at €123.

Within the index, ADP ranks among the strongest gainers of the SBF 120, which rises 0.27%, while the CAC 40 gains 0.31%. Brent, around $110, remains the backdrop of the session amid tensions around the Strait of Hormuz.

Rising short positions and weaker Paris traffic

According to the declarations reviewed, four funds together hold 2.53% of the capital sold short, compared with 1.44% thirty days ago. This 1.09-point increase over one month reflects more pronounced downward pressure than before, without attributing motives to market participants. It comes against a mixed operational backdrop: with the accounts published on October 22, the group reported revenue of €5,106 million over nine months, up 1.4%, with slightly lower Paris traffic.

ACI Europe data for August show Paris-CDG passengers down 1.1%, while the Ankara (+13.3%) and Skopje (+34.8%) concessions are growing. At the time of this publication, the company said it was closely monitoring traffic forecasts and the duration of tensions in the Middle East.