McDonald's may fall to 233.90 - 238.70

Our pivot point is at 262.7.

Our preference

The downside prevails as long as 262.7 is resistance.

Alternative scenario

Above 262.7, look for 271.2 and 276.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 260.557 and 266.8492).

Supports and resistances

276 **

271.2 *

262.7 **

259.6

254.48 (USD-last)

243.8

238.7 **

233.9 *

229.1 **

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