McDonald's driven lower by current resistance - Analysis - 29-07-2020

Economies.com
2020-07-29 13:03PM UTC

McDonald's stock fell 2.49% in the last session after the resistance of 202.51 held on, while gathering momentum to help it pierce that resistance later on, as it vents off overbought saturation from the RSI, while trading alongside the upward short-term trend line, with positive pressure from the 50-day SMA. 

 

Therefore we expect the stock to return higher, targeting the resistance of 218.12, provided the resistance of 202.51 was breached. 

 

Expected trends for today: Bullish 

Stocks Technical Analysis

United States Analysis

Stocks

CVS price climbs cautiously - Forecast today - 28-03-2024
2024-03-28 11:18AM UTC
CVS Health Corporation Stock Analysis CVS Health Corporation’s stock price edged up in the ...
United States Analysis

Stocks

eBay price starts recovering - Forecast today - 28-03-2024
2024-03-28 11:17AM UTC
eBay Stock Analysis eBay’s stock price rose in the intraday levels amid the dominance of the ...
United States Analysis

Stocks

Taiwan Semiconductor price seeks a bottom to boost it higher - 28-03-2024
2024-03-28 11:17AM UTC
Taiwan Semiconductor Stock Analysis Taiwan Semiconductor’s stock price (TSM) fell in the ...