MCDONALD S CORP. - Daily - Technical analysis published on 05/11/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 251.90 USD
My targets
233.74 USD (-4.32%)
222.00 USD (-9.12%)
My analysis
There is a bearish trend on MCDONALD S CORP. both at the basic level and in the short term. A sale could be considered, so long as the price remains below 251.90 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 233.74 USD. Then the price could move towards 222.00 USD. Then 207.22 USD by extension. Be careful, a return to above the resistance 251.90 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
4.5
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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 244.29 USD. On the day, this instrument lost -0.57% and was traded between 243.78 USD and 246.79 USD over the period. The price is currently at +0.21% from its lowest and -1.01% from its highest.243.78
246.79
244.29
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MCDONALD S CORP.:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this MCDONALD S CORP. chart shows a bearish trend. The signals given by moving averages are at 64.29% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
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 | 207.22 | 222.00 | 233.74 | 244.29 | 246.18 | 251.90 | 255.85 |
| Change (%) | -15.17% | -9.12% | -4.32% | - | +0.77% | +3.12% | +4.73% |
| Change | -37.07 | -22.29 | -10.55 | - | +1.89 | +7.61 | +11.56 |
| Level | Major | Intermediate | Intermediate | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 237.50 | 241.21 | 243.45 | 247.16 | 249.40 | 253.11 | 255.35 |
| Camarilla | 244.04 | 244.59 | 245.14 | 245.68 | 246.23 | 246.77 | 247.32 |
| Woodie | 236.76 | 240.84 | 242.71 | 246.79 | 248.66 | 252.74 | 254.61 |
| Fibonacci | 241.21 | 243.49 | 244.89 | 247.16 | 249.44 | 250.84 | 253.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 231.25 | 236.75 | 243.77 | 249.27 | 256.29 | 261.79 | 268.81 |
| Camarilla | 247.34 | 248.49 | 249.63 | 250.78 | 251.93 | 253.08 | 254.22 |
| Woodie | 232.00 | 237.13 | 244.52 | 249.65 | 257.04 | 262.17 | 269.56 |
| Fibonacci | 236.75 | 241.54 | 244.49 | 249.27 | 254.06 | 257.01 | 261.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 223.93 | 233.15 | 241.16 | 250.38 | 258.39 | 267.61 | 275.62 |
| Camarilla | 244.42 | 246.00 | 247.58 | 249.16 | 250.74 | 252.32 | 253.90 |
| Woodie | 223.32 | 232.85 | 240.55 | 250.08 | 257.78 | 267.31 | 275.01 |
| Fibonacci | 233.15 | 239.74 | 243.80 | 250.38 | 256.97 | 261.03 | 267.61 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 44.84 | |
| MACD (12,26,9): | -0.0700 | |
| Directional Movement: | 0.64 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 249.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 253.07 | |
| Elder Ray (13): | -3.24 | |
| Super Trend (3,10): | 261.56 | |
| Zig ZAG (10): | 244.41 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 21.27 | |
| TEMA (21): | 247.87 | |
| Williams %R (14): | -86.05 | |
| Chande Momentum Oscillator (20): | -8.66 | |
| Repulse (5,40,3): | -2.1100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 3.80 |
| MA7: | 248.23 | |
| MA20: | 250.29 | |
| MA50: | 243.82 | |
| MA100: | 250.41 | |
| MAexp7: | 247.49 | |
| MAexp20: | 248.70 | |
| MAexp50: | 247.91 | |
| MAexp100: | 247.68 | |
| Price / MA7: | -1.59% | |
| Price / MA20: | -2.40% | |
| Price / MA50: | +0.19% | |
| Price / MA100: | -2.44% | |
| Price / MAexp7: | -1.29% | |
| Price / MAexp20: | -1.77% | |
| Price / MAexp50: | -1.46% | |
| Price / MAexp100: | -1.37% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on MCDONALD S CORP.. At the time of publication of this analysis, the latest news was as follows:
- McCAFÉ ® AT HOME ANNOUNCES MULTI-YEAR PARTNERSHIP WITH RONALD McDONALD HOUSE CHARITIES (RMHC)
- McDONALD'S REPORTS FIRST QUARTER 2022 RESULTS
-
The Impact Of McDonald’s Pulling Out Of Russia
- Cannabis Banking Compliance Leader NatureTrak Expands In-House Regulatory Expertise, Adds Nathan McDonald as Chief Risk Officer
- Statement from McDonald's Corporation in Response to Mr. Icahn's Media Outreach
This member declared not having a position on this financial instrument or a related financial instrument.
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