Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
McDonald's stock fell 1.04% in the last session, collecting recent short-term profits amid the dominance of the main upward trend in the medium and short terms, with positive support from the 50-day SMA, while gathering positive momentum to help it rise anew, as it vents off overbought saturation in the RSI, with negative signals from the RSI.
Therefore we expect the stock to return higher, targeting the resistance of 231.49.
Expected trend for today: Bullish