McDonald's may rise to 284.70 - 290.60

Our pivot point is at 252.8.

Our preference

The upside prevails as long as 252.8 is support.

Alternative scenario

Below 252.8, expect 243.4 and 237.7.

Comment

The RSI is above its neutrality area at 50. 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 254.331 and 256.2748). Finally, McDonald's is trading above its upper Bollinger band (standing at 264.96).

Supports and resistances

296.5 **

290.6 *

284.7 **

278.9

266.44 (USD-last)

256.7

252.8 **

243.4 *

237.7 **

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