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 rose 0.13% in the last session, piercing the pivotal resistance of 189.88, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels.
Therefore we expect more gains for the stock, as long as it settles above 190.88, targeting the resistance of 196.72.
Expected trend for today: Bullish