McDonald's may fall to 231.60 - 236.30

Our pivot point is at 260.

Our preference

The downside prevails as long as 260 is resistance.

Alternative scenario

Above 260, look for 268.1 and 272.9.

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 258.552 and 266.0822).

Supports and resistances

272.9 **

268.1 *

260 **

256.9

253.58 (USD-last)

241.1

236.3 **

231.6 *

226.8 **

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