Stocks

Mondelez International may rise to 74.80 - 76.20

2024-08-17

Our pivot point stands at 67.8.

Our preference

The upside prevails as long as 67.8 is support.

Alternative scenario

Below 67.8, expect 65.4 and 64.

Comment

The RSI is above 50. 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 68.568 and 67.2666).

Supports and resistances

77.7 **

76.2 *

74.8 **

73.3

70.12 (USD-last)

68.8

67.8 **

65.4 *

64 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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