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 stock (MCD) fell in the intraday levels, registering a new loss of 0.17% in the last session, or 0.27 points, and leaning on the support of the 50-day SMA, while getting buoyed by exiting a descending price channel that guided recent short-term trading, as the RSI reached extremely oversold levels compared to the stock's movements.
Therefore we expect the stock to return higher, as long as the support of 155.26 holds on, targeting the resistance of 164.70.