American Stocks Analysis

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 leans on upside trend line - Analysis - 18-10-2021

Economies.com
2021-10-18 12:19PM UTC

McDonald's stock (MCD) fell 0.94% in the last session after the pivotal resistance of 247.00, leaning on the main upward trend line in the medium term in an attempt to gather momentum to pierce that resistance, with positive support from the 50-day SMA, countered with negative signals from the RSI.

 

Therefore we expect the stock to return higher, targeting the resistance of 255.50, provided the resistance of 247.00 was breached first.

 

Expected trend for today: Bullish

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