Stocks

McDonald's may rise to 276.30 - 281.50

2024-06-09

249 is our pivot point.

Our preference

Short term rebound towards 276.3.

Alternative scenario

Below 249, expect 240.8 and 235.7.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 263.2775 and 268.396).

Supports and resistances

286.5 **

281.5 *

276.3 **

271.3

256.21 (USD-last)

252

249 **

240.8 *

235.7 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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