McDonald's readies to tackle current resistance - 21-05-2020

2020-05-21 10:18:36 GMT (Economies.com)
 

McDonald's stock rose 2.52% in the last session amid the dominance of the upward short-term trend line, with support from the 50-day SMA, while the RSI reached overbought levels compared to the stock's movements. 

 

Therefore we expect more gains for the stock, provided the resistance of 187.43 was breached, targeting the next one at 207.00. 

 

Expected trend for today: Bullish  

 
 
 
  Symbol Last Change Chg.%
1.2112
0.0115
0.9548%
1.3369
-0.0001
0.0052%
Tadawul
8694.13
-17.99
0.21%
24.077
1.831
8.228%
45.215
-0.115
0.254%
48.16
0.72
1.52%
1830.720
54.540
3.071%
 
 
News Today