McDonald's fails to shake off negative pressure - Analysis - 14-09-2022

Economies.com
2022-09-14 12:21PM UTC

McDonald's stock (MCD) fell in the intraday levels after touching the resistance of the 50-day SMA, gathering positive momentum to shake off negative pressure, while trading alongside the upward short-term trend line, coupled with positive signals from the RSI.

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 268.00, provided the support of 251.60 holds on.

 

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Expected trend for today: Bullish

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