McDonald's regains footing - Analysis - 18-10-2018

Economies.com
2018-10-18 13:54PM UTC

McDonald's stock rose 1.65% in the last session, or 2.70 points, amid the dominance of the main upward trend in the medium and short terms, with positive support from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels compared to the stock's movements. 

 

Therefore we expect more gains for the stock, targeting the resistance of 171.56, as long as the support of 161.12 holds on. 

 

Expected trend for today: Bullish  

Stocks Technical Analysis

United States Analysis

Stocks

CVS price climbs cautiously - Forecast today - 28-03-2024
2024-03-28 11:18AM UTC
CVS Health Corporation Stock Analysis CVS Health Corporation’s stock price edged up in the ...
United States Analysis

Stocks

eBay price starts recovering - Forecast today - 28-03-2024
2024-03-28 11:17AM UTC
eBay Stock Analysis eBay’s stock price rose in the intraday levels amid the dominance of the ...
United States Analysis

Stocks

Taiwan Semiconductor price seeks a bottom to boost it higher - 28-03-2024
2024-03-28 11:17AM UTC
Taiwan Semiconductor Stock Analysis Taiwan Semiconductor’s stock price (TSM) fell in the ...