Thermo Fisher Scientific may fall to 504.00 - 511.00

Our pivot point stands at 554.

Our preference

The downside prevails as long as 554 is resistance.

Alternative scenario

The upside breakout of 554 would call for 567 and 575.

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 559.494 and 571.5284).

Supports and resistances

575 **

567 *

554 **

548

536.29 (USD-last)

519

511 **

504 *

496 **

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