McDonald's may rise to 317.00 - 321.00

Our pivot point is at 297.

Our preference

The upside prevails as long as 297 is support.

Alternative scenario

Below 297, expect 290 and 286.

Comment

The RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 294.875 and 282.0278).

Supports and resistances

325 **

321 *

317 **

313

304.51 (USD-last)

299

297 **

290 *

286 **

Number of asterisks represents the strength of support and resistance levels.