McDonald's returns higher - Analysis - 23-11-2021

McDonald's stock (MCD) returned higher with a 0.61% profit after the pivotal support of 249.90 held on, lending it positive momentum while trading alongside the main upward medium-term trend line, with support from the 50-day SMA, coupled with positive signals from the RSI.

Therefore we expect more gains for the stock, targeting the resistance of 257.39, provided it settles above 249.90.

Expected trend for today: Bullish