McDonald's may rise to 327.00 - 331.00

310 is our pivot point.

Our preference

The upside prevails as long as 310 is support.

Alternative scenario

Below 310, expect 305 and 302.

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 above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 306.2225 and 295.143).

Supports and resistances

334 **

331 *

327 **

324

314.89 (USD-last)

312

310 **

305 *

302 **

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