McDonald's seeks a bottom to bolster it higher - Analysis - 13-01-2021

McDonald's stock (MCD) fell 0.46% in the last session amid negative signals from the RSI, while seeking a bottom to bounce it higher as it gathers positive momentum, settling currently at 260.92, amid the dominance of the main upward trend in the medium term, with support from the 50-day SMA.

Therefore we expect the stock to return higher, targeting the resistance of 271.00, provided the support of 257.30 holds on.

Expected trend for today: Bullish