McDonald's may rise to 308.10 - 314.20

278.2 is our pivot point.

Our preference

As long as 278.2 is support look for 308.1.

Alternative scenario

Below 278.2, expect 267.9 and 261.9.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 282.4205 and 267.4916).

Supports and resistances

320.2 **

314.2 *

308.1 **

301.7

287.97 (USD-last)

282.2

278.2 **

267.9 *

261.9 **

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