MCD 1H Swing / Investment Conservative Trend TradeConservative Trend Trade
+ long impulse
+ expanding T2
+ volumed 2Sp-
+ weak test
+ first bullish bar closed entry
Calculated affordable stop limit
Take profit:
1/3 1 to 2 R/R
1/3 daily T1 level
1/3 monthly 1/2
Daily trend
"+ long impulse
+ expanding T2
+ volumed 2Sp-
+ weak test
+ first bullish bar closed entry"
Monthly trens
"+ long impulse
+ volumed T2 level
+ support level
+ 1/2 correction
+ biggest volume Sp
+ weak test"
MCD @NYSE
Sell Limit 261.99, GTC
Sell Stop 250.94 LMT 253.18, GTC
Sell Limit 257.63, GTC
OCO 2A: Sell Shares of MCD Limit at $271.49 (Good 'til Canceled)
OCO 2B: Sell Shares of MCD Stop at $250.94 Limit at $251.94 (Good 'til Canceled)
Trade ideas
McDonald's Potential Support Breakout At $245.64. 29.07.2024- McDonald's (NYSE: MCD) potential support breakout at $245.64.
- If support breaks:
- Target 1: $230.13
- Target 2: $210.40
- If breakout fails:
- Target 1: $257.85
- Target 2: $267.43
Apply risk management
Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure.
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Disclaimer
MCD NEW BULLISH LEG? OR SIMPLE DEAD CAT BOUNCE ?MCD, after having underperformed compared to its reference index, seems to have ended a bearish distribution phase. Watch out for this bounce. To test the goodness and strength of the rise it is necessary to test how the price reacts to the POC of the distribution area set at 267.30. stay tuned, stay strong, until the end
Double TopMcDonald's share price is drawing the company's logo on the chart, which is a potential Double Top trend change figure. If the support area of 250.00 is broken, the potential for a fall to 200.00 will open up.
There have been three similar situations of this magnitude in the history of the company. All of them realized a 30-60% drop, i.e. they were senior corrections.
Good Time To Buy MCD??Reasons To Invest In McDonald's
Long-Term Bullish Trend: The overall long-term trend for McDonald’s stock is bullish, indicating strong growth potential.
Support at 200 SMA on Weekly Chart: The stock has pulled back to the 200-day Simple Moving Average (SMA) on the weekly chart, a key support level.
Historical Price Bounce: McDonald’s stock has bounced at this price level twice before, showing a pattern of support.
Monthly RSI at Pandemic Lows: The Relative Strength Index (RSI) on the monthly chart is at levels not seen since the pandemic, suggesting it might be oversold.
Low Weekly RSI: The RSI on the weekly chart is also low, indicating a potential buying opportunity.
Bullish Divergence: There is bullish divergence on both the daily and weekly charts, which can signal a reversal or continuation of an uptrend.
Bearish Monthly Candles: There have been four consecutive bearish monthly candles, so a move higher is more likely as the stock may be due for a rebound.
Potential for 20% Gain: A return to the all-time high would result in a 20% gain from the current price.
McDonald's Elliott WaveHello friends
In McDonald's stock, we see the formation of a 5-wave impulse pattern that has been completed. These 5 waves can be considered as wave A or 1. Now, with the break of the trend line at the end of wave 5 and the retreat towards it, we expect the price to rise to the $262 range. This increase can occur in the dominance of a zigzag or any corrective pattern. Stop loss can also be considered at 245 which is an important support.
The second target of the $280 range can be considered.
Be successful and profitable.
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MCD, 200 sma on the weekly BIG Support!! One could buy shares long term, or put sales or bull put spreads *once / if* MCD gets down into the $244 price zone.
Gonna be super boring. But overall, likely profitable. MCD hasn't hit the 200 sma(on adjusted for dividends) chart since covid. When it bounced very hard.
:-)
The Golden Arches at a Technical Crossroad .McDonald's Corporation (NYSE: MCD), a stalwart in the fast-food industry, is currently navigating turbulent waters. As of the latest market close, MCD is priced at $253.70, reflecting a slight dip in the pre-market at $253.44. The stock's technical indicators and recent price action suggest a critical juncture, providing both potential risks and opportunities for traders and investors alike.
MCD's price action is currently showing signs of bearish pressure, as evidenced by the recent downturn in the stock's weekly candlestick pattern. The closing price of $253.70 positions the stock just above its immediate support level of approximately $252.80. This level is crucial as it marks the lower boundary of the recent trading range and could serve as a pivot point for future price movements.
Relative Strength Index (RSI): With an RSI of 33.82, MCD is approaching oversold territory. This typically signals that the stock may be undervalued and could be due for a bounce. However, caution is advised as RSI alone isn't a definitive buy signal.
Short-term MAs (10, 20, 30-day EMAs and SMAs) are all indicating a bearish trend as they align above the current price, suggesting downward pressure.
The 200-day EMA at 253.41 is acting as a key support level. A sustained break below this could open up further downside risks.
MACD: The MACD level at -6.86 indicates a bearish momentum, as the signal line is positioned below the MACD line, reinforcing the downtrend.
The momentum indicator at -12.99 shows a bearish outlook, yet the proximity to oversold levels hints at a potential reversal if buying interest materializes.
Stochastic Oscillator (%K at 14.74): Suggests a buy signal as it indicates the stock is oversold and could be due for an upward correction.
The weekly chart reveals a clear downtrend with lower highs and lower lows forming since the peak earlier in the year. This bearish pattern is compounded by the stock trading below the Ichimoku cloud, which typically suggests continued downward momentum. The volume profile shows a decline in buying interest, as seen by the diminishing green bars, underscoring the selling pressure.
Recent news highlights a mixed sentiment towards the fast-food sector. Despite inflationary pressures and shifting consumer preferences, McDonald's has shown resilience in its financial performance. The latest earnings reports indicate steady revenue, but the market remains cautious amid broader economic uncertainties.
Support Levels: Immediate support lies at $252.80, followed by stronger support at the $250 psychological level. A break below these levels could accelerate the downward movement towards the $245.00 - $240.00 range.
Near-term resistance is seen around $260.00, aligning with the 20-day SMA. A breach above this could signal a short-term bullish reversal, targeting the $270.00 - $275.00 range.
Trade Recommendation
Short-Term Long Position:
Entry: Consider entering a long position if the price rebounds off the $252.80 support level with confirmation (such as a bullish candlestick pattern or increased volume).
Target: Aim for the $260.00 resistance level, with a potential stretch goal to $270.00.
Stop Loss: Place a stop loss below $250.00 to protect against further downside.
Short Position:
Entry: Enter a short position on a decisive break below $252.80 with strong volume.
Target: Look for a move towards $245.00, and further to $240.00 if the bearish momentum persists.
Stop Loss: Set a stop loss above $255.00 to mitigate risk if the breakout fails.
While McDonald's (MCD) is teetering on the edge of critical support, its near-oversold status presents a potential short-term buying opportunity. However, traders should remain vigilant for further bearish developments that could lead to additional downside. The interplay of these factors makes MCD a compelling candidate for both long and short strategies in the upcoming sessions.






















