MCDONALD S CORP. - Daily - Technical analysis published on 10/18/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 260.71 USD
My targets
245.11 USD (-4.30%)
215.93 USD (-15.69%)
My analysis
The bearish trend is currently very strong for MCDONALD S CORP.. As long as the price remains below the resistance at 260.71 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 245.11 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 215.93 USD as an objective. Crossing it would then enable sellers to target 195.23 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MCDONALD S CORP. rating is 256.11 USD. The price has increased by +1.98% since the last closing with the lowest point at 252.34 USD and the highest point at 256.11 USD. The deviation from the price is +1.49% for the low point and 0% for the high point.252.34
256.11
256.11
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand 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 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of MCDONALD S CORP. indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 7 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 195.23 | 215.93 | 245.11 | 256.11 | 260.71 | 273.79 | 284.76 |
| Change (%) | -23.77% | -15.69% | -4.30% | - | +1.80% | +6.90% | +11.19% |
| Change | -60.88 | -40.18 | -11.00 | - | +4.60 | +17.68 | +28.65 |
| Level | Intermediate | Major | Major | - | Major | Major | Intermediate |
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 | 247.86 | 248.62 | 249.88 | 250.64 | 251.90 | 252.66 | 253.92 |
| Camarilla | 250.59 | 250.77 | 250.96 | 251.14 | 251.33 | 251.51 | 251.70 |
| Woodie | 248.11 | 248.75 | 250.13 | 250.77 | 252.15 | 252.79 | 254.17 |
| Fibonacci | 248.62 | 249.39 | 249.87 | 250.64 | 251.41 | 251.89 | 252.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 237.43 | 241.66 | 244.98 | 249.21 | 252.53 | 256.76 | 260.08 |
| Camarilla | 246.23 | 246.93 | 247.62 | 248.31 | 249.00 | 249.69 | 250.39 |
| Woodie | 236.99 | 241.43 | 244.54 | 248.98 | 252.09 | 256.53 | 259.64 |
| Fibonacci | 241.66 | 244.54 | 246.32 | 249.21 | 252.09 | 253.87 | 256.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 231.08 | 246.41 | 254.93 | 270.26 | 278.78 | 294.11 | 302.63 |
| Camarilla | 256.88 | 259.07 | 261.25 | 263.44 | 265.63 | 267.81 | 270.00 |
| Woodie | 227.67 | 244.71 | 251.52 | 268.56 | 275.37 | 292.41 | 299.22 |
| Fibonacci | 246.41 | 255.52 | 261.15 | 270.26 | 279.37 | 285.00 | 294.11 |
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): | 41.20 | |
| MACD (12,26,9): | -6.7600 | |
| Directional Movement: | -14.27 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 248.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 245.84 | |
| Elder Ray (13): | 0.15 | |
| Super Trend (3,10): | 259.80 | |
| Zig ZAG (10): | 255.14 | |
| VORTEX (21): | 0.6700 | |
| Stochastique (14,3,5): | 29.12 | |
| TEMA (21): | 246.59 | |
| Williams %R (14): | -56.52 | |
| Chande Momentum Oscillator (20): | -2.62 | |
| Repulse (5,40,3): | 1.3900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.4000 | |
| Courbe Coppock: | 11.64 |
| MA7: | 250.46 | |
| MA20: | 257.26 | |
| MA50: | 271.69 | |
| MA100: | 280.86 | |
| MAexp7: | 251.74 | |
| MAexp20: | 257.38 | |
| MAexp50: | 268.16 | |
| MAexp100: | 274.76 | |
| Price / MA7: | +2.26% | |
| Price / MA20: | -0.45% | |
| Price / MA50: | -5.73% | |
| Price / MA100: | -8.81% | |
| Price / MAexp7: | +1.74% | |
| Price / MAexp20: | -0.49% | |
| Price / MAexp50: | -4.49% | |
| Price / MAexp100: | -6.79% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on MCDONALD S CORP. at the time of the analysis were as follows:
- McDONALD'S RAISES QUARTERLY CASH DIVIDEND BY 10%
- McDonald’s at Climate Week 2023: My 5 Key Takeaways
- Take a Look Inside McDonald’s Hong Kong’s New LEED Zero Carbon Restaurant in Tai Wo
- The McDonald’s HACER(R) National Scholarship Program Grants Half a Million Dollars to 31 Exceptional Hispanic Students Across the U.S.
- McDonald’s Archways to Opportunity Has Awarded More Than $185 Million in High School and College Tuition Assistance
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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