Stock of the Day: Manpower

Manpower continues to struggle inside a well-defined, long-term downtrend. The stock has been under sustained bearish pressure, and now it’s approaching a critical moment. Price is currently testing major horizontal support at $38, marked in red—a level that has held the line since May and was confirmed again in June.

This isn’t the first time Manpower has been at a crossroads like this. Earlier in the year, in January and February, the price hovered around the $53.50 support zone, marked in yellow. That support eventually gave way, triggering a clean technical sell signal and leading to a deeper decline. A similar scenario may now be unfolding again.

If we see a daily close below $38, that would confirm a breakdown and open the door to further downside. Given the broader trend and technical structure, such a move would mark a significant long-term signal to sell.

Until then, $38 remains a battleground. But the bearish sentiment is building, and the pressure is on.

Source: https://www.axiory.com/analytics/stock-of-the-day/stock-of-the-day-manpower