McDonald's may rise to 298.80 - 305.20

Our pivot point is at 266.5.

Our preference

The upside prevails as long as 266.5 is support.

Alternative scenario

Below 266.5, expect 255.7 and 249.4.

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 266.019 and 259.0316).

Supports and resistances

311.6 **

305.2 *

298.8 **

292.4

278.49 (USD-last)

270.6

266.5 **

255.7 *

249.4 **

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