Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
McDonald's stock (MCD) kept rising in the intraday levels, scoring a fresh profit of 0.41% in the last session, or 0.60 points, amid positive pressure from the 50-day SMA, with the dominance of the main upward trend in the medium and short terms, as the stock vents off overbought saturation in relative power indicators even as it continues to rise, reaffirming the strength of the upward trend, while attempting to finish the medium-term harmonic pattern, the AB-CD pattern.
Therefore we expect more gains for the stock, targeting the resistance of 154.91 to finish that harmonic pattern, as long as it settles above 144.84.