Intuit may fall to 560.00 - 574.00

Our pivot point stands at 640.

Our preference

The downside prevails as long as 640 is resistance.

Alternative scenario

Above 640, look for 664 and 678.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 630.517 and 631.9356).

Supports and resistances

678 **

664 *

640 **

631

619.13 (USD-last)

588

574 **

560 *

546 **

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