McDonald's may fall to 229.10 - 233.80

Our pivot point is at 257.3.

Our preference

The downside prevails as long as 257.3 is resistance.

Alternative scenario

Above 257.3, look for 265.5 and 270.3.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 255.032 and 262.589).

Supports and resistances

270.3 **

265.5 *

257.3 **

254.2

250 (USD-last)

238.5

233.8 **

229.1 *

224.1 **

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