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 0.45%, or 0.82 points, while shaking off negative pressure from the 50-day SMA, amid the dominance of the upward short-term trend, while the RSI reached overbought levels.
Therefore we expect more gains for the stock, as long as the support of 117.41 holds on, targeting the resistance of 188.90.
Expected trend for today: Bullish