McDonald's may fall to 269.30 - 274.50

Our pivot point is at 308.8.

Our preference

Target 274.5.

Alternative scenario

The upside breakout of 308.8 would call for 318.5 and 323.9.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day moving average (306.8485) but above its 50 day moving average (296.6128).

Supports and resistances

323.9 **

318.5 *

308.8 **

305.2

298.57 (USD-last)

280.1

274.5 **

269.3 *

263.8 **

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