McDonald's may rise to 294.80 - 300.90

263.7 is our pivot point.

Our preference

The upside prevails as long as 263.7 is support.

Alternative scenario

Below 263.7, expect 253.1 and 247.1.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 264.9585 and 258.6616).

Supports and resistances

307.2 **

300.9 *

294.8 **

288.4

274.87 (USD-last)

267.8

263.7 **

253.1 *

247.1 **

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