MCDONALD'S CORP (MCD) Technical Analysis
NYSE:MCD • US5801351017
Overall MCD gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MCD is only an average performer.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- MCD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MCD is lagging the market slightly.
- MCD has an average volume of 3224440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, MCD outperforms 49% of them, which is more or less in line with the market.
- MCD is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 63% of 125 stocks in the same industry.
- In the last month MCD has a been trading in the 320.15 - 341.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MCD has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 320.88, 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
When analyzing the support we can see 5 important areas.
- A support zone ranging from 311.62 to 320.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 304.97 to 305.24. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 298.41 to 298.77. This zone is formed by a combination of multiple trend lines 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 341.07 to 341.07. 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 | UP | POSITIVE | The long term trend for MCD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MCD is neutral. |
| ChartMill Relative Strength | 49.51 | NEUTRAL | MCD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MCD is below 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) | 51.04 | NEUTRAL | The RSI value for MCD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.81 | NEGATIVE | The MACD value suggests MCD has a negative trend. |
| Stochastics (14,3) | 43.17 | NEUTRAL | The Stochastics value for MCD is a neutral value. |
| Average True Range in percent/ATR (20) | 1.84 | LOW VOLATILITY | The low ATR as a percentage value for MCD suggests low volalility. |
| Average Directional Index/ADX (14) | 34.69 | POSITIVE | The high ADX value value for MCD suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 333.17 | 324.11 | 9.06 (2.72%) | 25.00% |
| An entry @333.17. This is a Buy Stop order right above the 10 day moving average. | An exit @324.11. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 9.06 points, which is 2.72%. | For a 0.68% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
MCD Technicals: Chart, Performance Metrics, Trend & Indicators
327.45
-4.29 (-1.29%)
MCDONALD'S CORP / MCD FAQ
Can you provide the ChartMill technical rating for MCDONALD'S CORP?
ChartMill assigns a technical rating of 7 / 10 to MCD.
What is the trend direction for MCD stock?
The current trend direction for MCDONALD'S CORP (MCD) is Bullish.
What is the RSI signal for MCDONALD'S CORP (MCD) stock?
MCDONALD'S CORP (MCD) has an RSI value of 51.0435. This indicates that the stock is currently neutral.
What is the support and resistance level for MCD stock?
MCDONALD'S CORP (MCD) has a support level at 320.88 and a resistance level at 341.07. Check the full technical report for our detailed analysis of MCD support and resistance levels.