Regeneron Pharmaceuticals may fall to 898.00 - 922.00

Our pivot point is at 1040.

Our preference

The downside prevails as long as 1040 is resistance.

Alternative scenario

Above 1040, look for 1081 and 1105.

Comment

The RSI is below 30. It could either mean that the stock is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). 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 1080.601 and 1120.435).

Supports and resistances

1105 **

1081 *

1040 **

1024

1005.26 (USD-last)

945

922 **

898 *

874 **

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