Mondelez International may fall to 65.80 - 67.00

Our pivot point stands at 72.7.

Our preference

The downside prevails as long as 72.7 is resistance.

Alternative scenario

Above 72.7, look for 74.6 and 75.7.

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 73.6745 and 72.1238).

Supports and resistances

75.7 **

74.6 *

72.7 **

72

70.84 (USD-last)

68.1

67 **

65.8 *

64.7 **

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