McDonald's may rise to 324.00 - 327.00

Our pivot point stands at 308.

Our preference

The upside prevails as long as 308 is support.

Alternative scenario

Below 308, expect 303 and 300.

Comment

The RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 304.4445 and 293.296). Finally, McDonald's has crossed above its upper daily Bollinger band (313.97).

Supports and resistances

330 **

327 *

324 **

321

314.7 (USD-last)

311

308 **

303 *

300 **

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