McDonald's may rise to 286.20 - 292.20

254.8 is our pivot point.

Our preference

The upside prevails as long as 254.8 is support.

Alternative scenario

The downside breakout of 254.8 would call for 245.3 and 239.6.

Comment

The RSI is above its neutrality area at 50. 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 256.149 and 256.1528). Finally, McDonald's has crossed above its upper daily Bollinger band (268.63).

Supports and resistances

297.8 **

292.2 *

286.2 **

280.3

268.75 (USD-last)

258.7

254.8 **

245.3 *

239.6 **

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