American Stocks Analysis

Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.

McDonald's attacks current resistance - Analysis - 18-01-2018

Economies.com
2018-01-18 12:57PM UTC

McDonald's stock (MCD) rose in the intraday levels, scoring a profit of 0.75% in the last session, or 1.30 points, and attacking the resistance of 175.55, amid positive support from the 50-day SMA, with positive signals from the RSI, coupled with the dominance of the main upward trend in the medium and short terms. 

 

Therefore we expect more gains for the stock, especially if the resistance of 175.55 was breached, targeting the next one at 182.65. 

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