McDonald's leans on upside trend line - Analysis - 18-10-2021

McDonald's stock (MCD) fell 0.94% in the last session after the pivotal resistance of 247.00, leaning on the main upward trend line in the medium term in an attempt to gather momentum to pierce that resistance, with positive support from the 50-day SMA, countered with negative signals from the RSI.

Therefore we expect the stock to return higher, targeting the resistance of 255.50, provided the resistance of 247.00 was breached first.

Expected trend for today: Bullish