Thermo Fisher Scientific is neutral

Our pivot point is at 567.

Our preference

Look for a drop towards 567 before a bounce.

Alternative scenario

The downside breakout of 567 would call for 553 and 546.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the stock is trading under its 20 day moving average (583.004) but above its 50 day moving average (575.0352).

Supports and resistances

626 **

618 *

610 **

602

581.09 (USD-last)

572

567 **

553 *

546 **

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