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- 1 The McDonald’s Corporation. (MCD) the stock price is trading at $294.68 currently with a market capitalization of $215.144 Billion.
- 2 MCD increased by 0.78% in the last 7 days and its previous 10 days’ average volume is 1.938 Million.
McDonald’s stock price has impressed the market with its strong fundamentals and technical performance. However, the stock is encountering resistance at the $300 level, but it seems that it will overcome it soon.
McDonald’s Corporation has been hitting higher highs and keeping its momentum. MCD climbed to the $299.10 level from the low price of $230.58 in 52 weeks. Its average volume for the past 3 months is 2.45 Million.
McDonald’s Corporation’s stock price has shown bullish behavior on the daily time frame, displaying bullish signals. The price has been rising higher and is above the 50- and 200-day moving averages. If the stock breaks above the $300 level, it could trigger a bullish momentum and reach new highs.
Weekly Analysis of MCD Stock
On the weekly time frame, McDonald’s Corporation’s stock price has broken above the 50 and 200-day moving averages, signalling the strength of the bulls. MCD stock price has shown that the market has bullish expectations. Furthermore, RSI and MACD are also positive on the weekly time frame.
MCD Stock Price Technical Analysis
The price of McDonald’s Corporation. (MCD) has risen above the 200-day and 50-day moving averages indicating the dominance of the buyers in the market. However, if buyers keep up the pressure, MCD stock price could rise further and enter an uptrend. Moreover, the bullish cross confirms the bullish trend on a daily time frame.
The RSI has been trading close to the overbought zone. The RSI line is around 54.19. The 14 SMA line has a value of 56.13 points which implies that McDonald’s Corporation’s price is in the bullish area and is positive.
Currently, MACD is showing bullish signals. The MACD line at 1.13 and the signal line at 1.34 is above the zero line, indicating that the MACD is in positive territory and is giving positive signals as of now.
The Bollinger Bands for NVDA’s stock show a current upper band value of $298.24, a middle line value of $293.90, and a lower line value of $289.55. The stock’s price trading above the middle line indicates a bullish trend, and the upper band value provides a potential resistance level.
Conclusion
McDonald’s Corporation. is displaying impressive performance and momentum in the market. Share is hitting higher highs and overtaking the 50- and 200-day moving averages on both daily and weekly time frames. The price, RSI, and MACD are all neutral, signalling a short consolidation and a favorable outlook in the upcoming days. Moreover, the stock is in a strong resistance area, so investors should be cautious and invest wisely.
Technical Levels:
- Support – The current support level is $288.
- Resistance –The current resistance level is $300.
Disclaimer
The MCD stock price prediction given in this article is for informational and educational use only. Do not use this information as financial, investment, or as trading advice. Investing and trading in stock is a risky task. Please consider your circumstances and risk profile before making any investment decisions.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
