Mondelez International may fall to 61.60 - 62.60

Our pivot point is at 67.8.

Our preference

The downside prevails as long as 67.8 is resistance.

Alternative scenario

Above 67.8, look for 69.5 and 70.5.

Comment

The RSI is below its neutrality area at 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 67.6775 and 68.8804).

Supports and resistances

70.5 **

69.5 *

67.8 **

67

66.17 (USD-last)

63.7

62.6 **

61.6 *

60.6 **

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