McDonald's may rise to 290.80 - 297.00

Our pivot point is at 259.5.

Our preference

The upside prevails as long as 259.5 is support.

Alternative scenario

Below 259.5, expect 249.1 and 242.9.

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 263.6835 and 258.1906).

Supports and resistances

303.3 **

297 *

290.8 **

284.5

270.31 (USD-last)

263.5

259.5 **

249.1 *

242.9 **

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