McDonald's may rise to 293.10 - 299.60

259.8 is our pivot point.

Our preference

The upside prevails as long as 259.8 is support.

Alternative scenario

The downside breakout of 259.8 would call for 249 and 242.6.

Comment

The RSI is above 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 261.4345 and 257.2436).

Supports and resistances

306.2 **

299.6 *

293.1 **

286.8

271.19 (USD-last)

263.8

259.8 **

249 *

242.6 **

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