McDonald's may rise to 291.30 - 297.80

Our pivot point stands at 258.4.

Our preference

The upside prevails as long as 258.4 is support.

Alternative scenario

The downside breakout of 258.4 would call for 247.7 and 241.3.

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 262.135 and 257.6144).

Supports and resistances

304.6 **

297.8 *

291.3 **

284.7

267.91 (USD-last)

262.7

258.4 **

247.7 *

241.3 **

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