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 rose 2.52% in the last session amid the dominance of the upward short-term trend line, with support from the 50-day SMA, while the RSI reached overbought levels compared to the stock's movements.
Therefore we expect more gains for the stock, provided the resistance of 187.43 was breached, targeting the next one at 207.00.
Expected trend for today: Bullish