Mondelez International may rise to 75.30 - 76.70

Our pivot point is at 66.8.

Our preference

The upside prevails as long as 66.8 is support.

Alternative scenario

Below 66.8, expect 64.4 and 63.

Comment

The RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 66.5965 and 66.9386). Finally, Mondelez International has crossed above its upper daily Bollinger band (69.32).

Supports and resistances

78.2 **

76.7 *

75.3 **

73.8

70.68 (USD-last)

67.7

66.8 **

64.4 *

63 **

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