McDonald's tries to regain footing - Analysis - 22-05-2018

McDonald's stock (MCD) returned higher in the intraday levels, scoring a profit of 0.31% in the last session, or 0.50 points, after leaning on the support of the 50-day SMA, amid the dominance of the upward medium-term trend, while the Relative Strength Index reached extremely oversold levels compared to the stock's movements. 

Therefore we expect more gains for the stock, targeting the resistance of 167.94, as long as the support of 155.65 holds on.