McDonalds trades flat both on long term and short term basis.
On long term perspective price is now in lateral range after it failed 10-year uptrend, by falling below 1st standard deviation from 10-year mean @ 100 (now the range upper border). The lower border of the macro lateral range is marked by 5-year mean, standing now at 92.5 - MCD has tested and held this...
MCD is downtrending.
Currently price is on the high end of the range, and on the daily chart (not pictured), price is pushing against the trendline.
Consumer demand for their products is decreased.
However, on the lower trendline, the last low was not quite as low as the low before that. (not a good sign for this position)
Price is likely to go down at this...
MCD cope really well with the recent sold off in first half of October.
Technical, it found strong support at 200ema, having two weeks of hammers, in addition both indicators also provide strong support as highlighted.
Hence, i reckon price will most probably continue to complete the rising wedge pattern until price reach the previous resistance of 103.78 which...
Nice 5 waves down.
Nice clean break of 3 year trendline.
Nice pullback.
Nice retest of pullback area.
A close below 95.50 is also going to be a very bearish daily candle.
MCD is a perfect sell setup for a measured move target of 83.
Looking at the weekly chart, it is pretty obvious that this stock is going down. A triple top is as bearish as it gets However the chart is a bit over extended to the downside and there are small divergences.
Looking at the daily, a short term opportunity exists. On the longer term, one should only sell MCD, but for the moment, a small rally is highly probable,...
Recent double top bearish formation in weekly chart still remains intact and early days of this month it broke out downside form the neckline but it has been rejected what seems now a temporary relief and still seems a possibility to achieve that target price. Forget now to see $103 before end of this year even if market prints a new higher highs. If you want to...
McDonalds has been going down for several months now and it just approached resistance. The EMA's just turned bearish on the hourly and it looks like the downtrend will continue down for now..
B4 close 93.39
MCD has been in a failing wedge downtrend figure lately. This figure is not confirmed yet.
To get confirmation, we need a good break through B-D resistance.
MCD also had a bullish engulfing candle, confirmed on Friday.
RSI and Stochastic are neutral.
SAR just reversed to an uptrend on Friday.
I will go long on this one on monday if price is still decent.
Target is 100,86$.
Technical Analysis
After breaking the minor falling channel ( I mentioned in my prior long term analysis 8 months ago, check links below)the price headed to retest the top of the main long term rising channel, but Price failed around the major high at 102.22 again. And that keeps my overall bias bearish, a break and weekly closing below 92.20 may give further...
