McDonald's may fall to 229.70 - 234.40

Our pivot point stands at 258.

Our preference

The downside prevails as long as 258 is resistance.

Alternative scenario

Above 258, look for 266 and 270.8.

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 254.587 and 262.0732).

Supports and resistances

270.8 **

266 *

258 **

254.7

251.09 (USD-last)

239.1

234.4 **

229.7 *

224.7 **

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