Intuit may fall to 567.00 - 583.00

Our pivot point is at 664.

Our preference

Target 583.

Alternative scenario

Above 664, look for 690 and 706.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day moving average (646.293) but above its 50 day moving average (625.8204).

Supports and resistances

706 **

690 *

664 **

654

633.36 (USD-last)

598

583 **

567 *

552 **

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