Thermo Fisher Scientific may fall to 526.00 - 533.00

Our pivot point stands at 571.

Our preference

The downside prevails as long as 571 is resistance.

Alternative scenario

Above 571, look for 583 and 591.

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 share stands below its 20 and 50 day moving average (respectively at 569.543 and 573.469).

Supports and resistances

591 **

583 *

571 **

566

558.17 (USD-last)

540

533 **

526 *

518 **

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