MCDONALD'S CORP (MCD) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MCD - US5801351017 - Common Stock
Taking everything into account, MCD scores 5 out of 10 in our technical rating. MCD has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Although the technical rating is only medium, MCD does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 310.72. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 305.32, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
278.13
3 important support areas can be observed.
- A support zone ranging from 298.77 to 305.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @291.67 from a horizontal line in the daily time frame.
- A support zone ranging from 280.94 to 280.95. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 310.72 to 321.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for MCD is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MCD is neutral. |
| ChartMill Relative Strength | 61.93 | NEUTRAL | MCD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MCD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MCD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MCD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.17 | NEUTRAL | The RSI value for MCD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.44 | POSITIVE | The MACD value suggests MCD has a positive trend. |
| Stochastics (14,3) | 67 | NEUTRAL | The Stochastics value for MCD is a neutral value. |
| Average True Range in percent/ATR (20) | 1.66 | LOW VOLATILITY | The low ATR as a percentage value for MCD suggests low volalility. |
| Average Directional Index/ADX (14) | 20.56 | NEUTRAL | The ADX value for MCD suggests a possible start of a new trend. |
309.35
+5.19 (+1.71%)
MCDONALD'S CORP / MCD FAQ
Can you provide the ChartMill technical rating for MCDONALD'S CORP?
ChartMill assigns a technical rating of 5 / 10 to MCD.
What is the current trend direction of MCDONALD'S CORP (MCD) stock?
The current trend direction for MCDONALD'S CORP (MCD) is Bearish.
What is the RSI signal for MCDONALD'S CORP (MCD) stock?
MCDONALD'S CORP (MCD) has an RSI value of 58.1693. This indicates that the stock is currently neutral.
What is the short term momentum for MCDONALD'S CORP (MCD) stock?
The short term momentum for MCDONALD'S CORP (MCD) is neutral.
Can you provide the support and resistance levels for MCDONALD'S CORP?
MCDONALD'S CORP (MCD) has a support level at 305.32 and a resistance level at 310.72. Check the full technical report for our detailed analysis of MCD support and resistance levels.