McDonald's may rise to 292.90 - 299.40

Our pivot point stands at 259.5.

Our preference

The upside prevails as long as 259.5 is support.

Alternative scenario

Below 259.5, expect 248.8 and 242.3.

Comment

The RSI is above 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 259.671 and 256.6654).

Supports and resistances

306 **

299.4 *

292.9 **

286.3

270.06 (USD-last)

263.8

259.5 **

248.8 *

242.3 **

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