McDonald's may fall to 226.00 - 230.40

253.3 is our pivot point.

Our preference

The downside prevails as long as 253.3 is resistance.

Alternative scenario

The upside breakout of 253.3 would call for 260.8 and 265.2.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 253.424 and 260.8996).

Supports and resistances

265.2 **

260.8 *

253.3 **

250.4

245.82 (USD-last)

234.8

230.4 **

226 *

221.6 **

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