McDonald's tries to vent off overbought saturation - Analysis - 20-12-2021

McDonald's stock (MCD) fell 1.45% in the last session amid the dominance of the main upward trend in the medium term, with support from the 50-day SMA, settling at 261.70, while gathering momentum to help it recover, as it vented off overbought saturation in the RSI.

Therefore we expect the stock to return higher, targeting the resistance of 266.00, provided the support of 257.30 holds on.

Expected trend for today: Bullish