Mondelez International may fall to 60.70 - 61.80

Our pivot point stands at 68.2.

Our preference

The downside prevails as long as 68.2 is resistance.

Alternative scenario

Above 68.2, look for 70.1 and 71.3.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 66.868 and 68.8648).

Supports and resistances

71.3 **

70.1 *

68.2 **

67.4

65.24 (USD-last)

62.9

61.8 **

60.7 *

59.5 **

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