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QSR Stock (NYSE: QSR): Price Roadmap To Three Digits ($100)

Restaurant Brand International Inc. stock (QSR) price maintained the gains over the top and showed an uptrend on the charts. Moreover, the charts indicate a massive rise from the past months and trading beyond the sellers vision. 

QSR stock is trading above the key moving averages and in uncharted territory, where the downside is capped to $50, but the upside has broader targets toward $100. Furthermore, the technical parameters suggest that buyers have strong muscles and persist in accumulation, making higher sequences.

Furthermore, QSR stock is trading in the overbought zone, where buyers have a strong edge and sellers have lost their grips from the past months. The price grows inside the rising channel and takes support on its 20-day EMA multiple times.

Restaurant Brands International, Inc. is a holding company that engages in the operation of quick-service restaurants. It operates through the following segments: Tim Hortons, Burger King, and Popeyes. The Tim Hortons segment provides donut, coffee, and tea restaurant services. The Burger King segment manages fast-food hamburger restaurants. 

The Popeyes segment handles the chicken category of the quick service segment of the restaurant industry. The company was founded on August 25, 2014, and is headquartered in Toronto, Canada.

At press time, QSR stock was traded at $77.78 with an intraday gain of 0.67% showing bullishness in the overnight session. Moreover, the trading volume increased by 1.25% to 865.845K, and the market cap is $35.161 Billion.

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Analysts maintained a buy rating and a strong growth outlook for the upcoming months.

Daily Charts Shows Vertical Rally

QSR Stock (NYSE: QSR): Price Roadmap To Three Digits ($100)
Source: QSR Stock Price Chart at TradingView

On the daily charts, QSR stock price rode the gains and showed a vertical rebound from the start of 2023. The stock surged by over 30% in the last three months and stayed over the top.

As per the Fib extension, QSR stock faces resistances in the form of $85 and $100. On the other hand, immediate support is near $70 and $64. The price is trading above the upper bollinger band and maintaining bullishness from the past trading sessions.

Short Term Charts Show Buyer Persist in Dominating 

QSR Stock (NYSE: QSR): Price Roadmap To Three Digits ($100)
Source: QSR Stock Price Chart at TradingView

On the 4-hour charts, QSR stock price persist in riding the rally and trading on the top. Moreover, the stock is surging toward a three-digit round level of $100 for the upcoming months.

The RSI curve stayed over the overbought region and formed a positive crossover indicating bullishness on the charts.

Similarly, the MACD indicator noted a bullish crossover and formed green bars on the histogram, which suggests a positive outlook for the following sessions.

Conclusion

Restaurant Brands International stock price persisted in riding the uptrend and maintained the gains on the top. Moreover, the price action showed buyers’ presence and dominance over the charts.

Technical Levels:

Support Levels: $65

Resistance Levels:$90

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

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Nancy J. Allen
Nancy J. Allen
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and a minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.