McDonald's may fall to 233.70 - 238.70

262.4 is our pivot point.

Our preference

The downside prevails as long as 262.4 is resistance.

Alternative scenario

The upside breakout of 262.4 would call for 270.6 and 275.7.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 262.218 and 267.8332).

Supports and resistances

275.7 **

270.6 *

262.4 **

259.3

253.81 (USD-last)

243.5

238.7 **

233.7 *

228.8 **

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