McDonald's amid positive outlook - Analysis - 21-11-2022

McDonald's stock (MCD) was almost flat in intraday levels trading, confirming the breach of the 271.15 resistance, amid the dominance of the main upward short-term trend, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels.

Therefore we expect more gains for the stock, targeting the resistance of 285.00, provided it settles above 271.15.

Expected trend for today: Bullish