McDonald's may rise to 326.00 - 330.00

Our pivot point stands at 310.

Our preference

The upside prevails as long as 310 is support.

Alternative scenario

The downside breakout of 310 would call for 305 and 302.

Comment

The RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (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 305.431 and 294.2034). Finally, McDonald's is trading above its upper Bollinger band (standing at 315.69).

Supports and resistances

333 **

330 *

326 **

323

316.56 (USD-last)

312

310 **

305 *

302 **

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