Thermo Fisher Scientific may fall to 538.00 - 545.00

Our pivot point stands at 583.

Our preference

The downside prevails as long as 583 is resistance.

Alternative scenario

The upside breakout of 583 would call for 595 and 602.

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 share stands below its 20 and 50 day moving average (respectively at 578.156 and 575.0534).

Supports and resistances

602 **

595 *

583 **

578

572.05 (USD-last)

553

545 **

538 *

530 **

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