MCDONALD S CORP. - 1H - Technical analysis published on 06/23/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 195.65 USD
My targets
184.19 USD (-2.07%)
178.36 USD (-5.17%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on MCDONALD S CORP. as long as the price remains well below 195.65 USD. The sellers” bearish objective is set at 184.19 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 178.36 USD. In case of crossing, the next objective would be the support located at 171.88 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
4.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MCDONALD S CORP. rating is 188.08 USD. On the day, this instrument gained +0.33% and was between 187.20 USD and 189.73 USD. This implies that the price is at +0.47% from its lowest and at -0.87% from its highest.187.20
189.73
188.08
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of MCDONALD S CORP. in 1H shows a overall strongly bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 171.88 | 178.36 | 184.19 | 188.08 | 188.86 | 195.65 | 199.99 |
| Change (%) | -8.61% | -5.17% | -2.07% | - | +0.41% | +4.02% | +6.33% |
| Change | -16.20 | -9.72 | -3.89 | - | +0.78 | +7.57 | +11.91 |
| Level | Minor | Major | Major | - | Major | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 182.76 | 183.83 | 185.64 | 186.71 | 188.52 | 189.59 | 191.40 |
| Camarilla | 186.67 | 186.93 | 187.20 | 187.46 | 187.72 | 187.99 | 188.25 |
| Woodie | 183.14 | 184.02 | 186.02 | 186.90 | 188.90 | 189.78 | 191.78 |
| Fibonacci | 183.83 | 184.93 | 185.61 | 186.71 | 187.81 | 188.49 | 189.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 173.26 | 178.69 | 182.63 | 188.06 | 192.00 | 197.43 | 201.37 |
| Camarilla | 183.98 | 184.84 | 185.70 | 186.56 | 187.42 | 188.28 | 189.14 |
| Woodie | 172.51 | 178.32 | 181.88 | 187.69 | 191.25 | 197.06 | 200.62 |
| Fibonacci | 178.69 | 182.27 | 184.48 | 188.06 | 191.64 | 193.85 | 197.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 149.58 | 158.16 | 172.24 | 180.82 | 194.90 | 203.48 | 217.56 |
| Camarilla | 180.09 | 182.17 | 184.24 | 186.32 | 188.40 | 190.47 | 192.55 |
| Woodie | 152.33 | 159.54 | 174.99 | 182.19 | 197.65 | 204.85 | 220.31 |
| Fibonacci | 158.16 | 166.82 | 172.16 | 180.82 | 189.47 | 194.82 | 203.48 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.71 | |
| MACD (12,26,9): | -0.5400 | |
| Directional Movement: | -1.15 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 187.39 | |
| Parabolic SAR (0,02-0,02-0,2): | 185.08 | |
| Elder Ray (13): | 0.15 | |
| Super Trend (3,10): | 191.09 | |
| Zig ZAG (10): | 187.99 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 62.80 | |
| TEMA (21): | 187.40 | |
| Williams %R (14): | -39.84 | |
| Chande Momentum Oscillator (20): | 0.90 | |
| Repulse (5,40,3): | -0.4300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 1.73 |
| MA7: | 188.88 | |
| MA20: | 190.79 | |
| MA50: | 184.53 | |
| MA100: | 185.57 | |
| MAexp7: | 187.86 | |
| MAexp20: | 188.18 | |
| MAexp50: | 189.28 | |
| MAexp100: | 189.57 | |
| Price / MA7: | -0.42% | |
| Price / MA20: | -1.42% | |
| Price / MA50: | +1.92% | |
| Price / MA100: | +1.35% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.63% | |
| Price / MAexp100: | -0.79% |
Quotes :
2020-06-23 15:43:04
-
15 min delayed data
-
NYSE Stocks
News
The last news published on MCDONALD S CORP. at the time of the generation of this analysis was as follows:
- McDonald's Reports April And May 2020 Comparable Sales And Provides Update On COVID-19 Impact To The Business
- McDonald's Announces Quarterly Cash Dividend
- McDonald's Reports First Quarter 2020 Results
- McDonald's Celebrates Healthcare Workers and First Responders with Free "Thank You Meals"
- McDonald's Provides Update On COVID-19 Impact To The Business And Reports First Quarter 2020 Comparable Sales
This member declared not having a position on this financial instrument or a related financial instrument.
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