MCD looking to it 196The trend shows MCD is on the Bullish side and may reach 196 this week or early next week.
Trade ideas
LONG MCDExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
$MCD Near Term Pop In Risk Off PlayI'm expecting a near term pop back to $198-$205 in $MCD simply because everything else is overbought and $MCD yields 2.36% while it fills the gap back up to the previously stated levels. Just my hypothesis. Do your own DD.
Consider going long MCDMCD has been in an uptrend for the past three years with pretty well-defined resistance and support. I think the current sell-off is a good opportunity for long-term investors.
probably just a glitch...bearish divergence
broke its 50 MA
broke down of a 6 months uptrend channel
on 2.3x ADV
$MCD entryNYSE:MCD
From my perspective MCD's growth is slowed down because of the lack of employee thus less operating hours. Automation will slowly fix this issue.
MCD realestate empire with benefit from lower interest rates.
Short/long term has great momentum, mid term is more uncertain.
LONG MCDExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Double TopIn the graph we can see the Double Top pattern, a reversal pattern as shown with the red arrows, coming from an upward trend, setting the tops (point A and point B) on the resistance line. The breaking point (point C) is where we should put the short position setting the limit on the size of the breakout range (green arrows). What I recommend to do in this pattern is 2 orders, one cancelling the other depending on the movement of the price of the stock as depicted in the position shown
$MCD Reversal trade in Mc DonaldsIt looks like its time to take a bite out of the Big MAC once again, technically the stock bounced off strong Fibonacci support with high volume.
Post earnings the stock suffered some sizable losses which may signal the final weak hands have been shaken out.
For a more cautious entry look for a change in trend on the RSI which has bounced.
$200 will probably act as a psychological barrier.
A primer on Key Earnings SupportIn this chart I'm illustrating a few trading setups that took place in $MCD following each earnings report for a year. The indicators you see in the chart are 'Average True Range' and 'Earnings Price Support' from @timwest's 'Key Hidden Levels' indicator pack.
Every time a company reports earnings, analysts, investors, portfolio managers, traders, you name it...are paying close attention on the data that comes out, and the prices that the stock is trading for at all times, this normally starts one or several days before the report, and lasts for a day or a couple days after the report. The indicator my mentor devised plots a technical level that helps us map how far prices can move, and where to seek low risk trading opportunities on subsequent retests of past reports' levels.
I use the ATR indicator to define the size of the stop losses that I use, which in turns helps me know how many shares to buy or sell when trading with this tool. To use this you need a method to determine the main trend direction, which can be fundamental or technical, or a combination of both. Time@Mode is the one @timwest created, and the one I use, which together with the proprietary indicators from the 'Key Hidden Levels' suite helps me find low risk trades that have a very good batting average.
Hope you found this post helpful, and if you did, check out my site here: www.fb.me
I offer trading signals since 2015, covering all markets I trade, or focusing only on specific markets according to each client's needs.
Cheers,
Ivan Labrie.
1-Hour and 15-Minute Chart Suggest a Strong Resistance Area.1-Hour Chart (left) shows Fibonacci Resistance from September 12th HIGH to October 28 LOW.
The 23.6% area of the fib is right at $198 and change.
The 15-Minute Chart has Fibonacci Retracement from the openning of the earning day drop HIGH of October 22 to the LOW of October 28.
The current resistance area is right where we are right now - at upper $196.
While the next resistance area of the 38.2% is at $198 --> Which aligns with what we see in the 1-Hour Fib Retracement.
Next the RSI and MACD for the 15-minute chart suggest an overbought state, where we can drop from, or consolidate sideways.
However, the RSI and MACD on the 1-Hour chart still has some breathing space.
Therefore, I wont be surprised if we actually will reach the $198 mark.
Also, adding to this the Options speculations. If you would stack up the November 1st expiration CALLS ans PUTS - the $198 through $202 has strong acceptance window.
In addition, the MAs on the 15-minute chart have crossed over - TWICE. Waiting for the 20 MA to cross over the 150 and 200.
Bottom line, i see further upside, or at worst sideways consolidation.
MCD 1-Hour analysis to combine with the Daily ChartOn a closer look at the 1-hour chart, we can see that 7-day RSI is already moving up, MACD is just being stupid - cannot make heads or tails out of it.
Both indicators are lagging indicators, but could use to confirm a trend.
OBV flattened at the bottom, and I can only hope for some volume pickup.
If it breaks the $193.16 (1-Day resistance area) then next stop will be $198.64 - this comes from the Fibonacci Retracement from April 2019 until August 2019 (Low to High).
Daily Chart on MCD suggests a The $193.16 is a strong resistance area, as it is the Fibonacci 78.6% from August 2015 LOW to August 2019 HIGH.
If SPY remains strong today it will definitely will help MCD keep on trying to break upwards.
7-Day RSI is at 19, being oversold.
MACD curling up.
Both are lagging indicators, and have not confirmed any trend yet.
But, if we combine the 1-Day chart analysis with the 1-hour chart (and a shorter Fibonacci Retracement period), we can see that if we break over 193.16 area, we will see 198 as the next resistance.
MCD McWaaah Burger with a side of CriesDepending on the bounce back up (if there is one) I'm feeling bearish short term
Mc Donald's (MCD)Tuesday, Oct. 22, delivered a negative surprise. McDonald's earnings inched up 0.5% to $2.11 a share, 9 cents below estimates. Revenue rose 1% to $5.43 billion. We still belive that the $300 million acquisition of AI tech company Dynamic Yield will be the driver for the growth in the next year.
Machine Generated Signals. OCT19 WK4 Wkly STOCKS | MCD & ADDYYMachine Generated Signals. OCT19 WK4 Wkly
STOCKS | MCD Short & ADDYY Long (Exp. Oct 25th)
NYSE:MCD
OTC:ADDYY
