MCDONALD'S CORP (MCD)       273.4  0 (0%)

273.4  0 (0%)

US5801351017 - Common Stock - After market: 272.66 -0.74 (-0.27%)

Technical Rating

9

We assign a technical rating of 9 out of 10 to MCD. Both in the recent history as in the last year, MCD has proven to be a steady performer, scoring decent points in every aspect analyzed.



Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that MCD is one of the better performing stocks in the market, outperforming 84% of all stocks.
MCD is part of the Hotels, Restaurants & Leisure industry. There are 142 other stocks in this industry. MCD outperforms 72% of them.
MCD is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so MCD slightly outperforms the market at the moment.
MCD is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
MCD has an average volume of 3284300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month MCD has a been trading in a tight range between 266.34 and 281.67.

Statistics

1 Month 3 Months 6 Months 12 Months 0.16% 7.42% 10.08% 9.65% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 84.7 217.675 - 281.67
MCD Weekly chart
MCD Daily chart

Support/Resistance Analysis


226.71

281.19
4 important support areas can be observed.
  • A support zone ranging from 263.80 to 271.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @254.36 from a horizontal line in the daily time frame.
  • A support zone ranging from 233.41 to 236.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 229.00 to 229.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
  • A resistance zone ranging from 273.48 to 278.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

Setup Analysis

Setup Rating

8

Besides having an excellent technical rating, MCD 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 resistance zone just above the current price starting at 273.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 271.38, 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.

Possible Trading Setup

Given the decent technical rating and the setup score, we can suggest the following trade.


ENTRYEXITDISTANCECAPITAL
278.42268.829.60 (3.45%)25.00%
An entry @278.42. This is a Buy Stop order right above the resistance zone.An exit @268.82. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 9.60 points, which is 3.45%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.86%.

  • 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 Daily chart

MCDONALD'S CORP273.4

NYSE:MCD (12/2/2022, 7:04:00 PM)0 (0%)

After market: 272.66 -0.74 (-0.27%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Discretionary
GICS Industry Hotels, Restaurants & Leisure
Performance
Today 0% 1 Week -0.58%
2 Weeks 0.01% 1 Month 0.16%
3 Month 7.42% 6 Month 10.08%
Volatility
ATR(14) 3.55 ATR(20)% 1.45%
ATR Inc -21.98% Range Today 3.82
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 84.7 Mansfield 0.92
10 Day High 275.94 10 Day Low 268.83
20 Day High 281.67 20 Day Low 266.34
52 Week High 281.67 52 Week Low 217.68
CS1 End 271.38 CR1 Start 273.48
Volume & EV
DER(3) 1.93% DER(5) 1.17%
Volume 2.81M Volume Incr 1.23%
Vol(5) 3.33M Vol(50) 3.28M

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