McDonald's may fall to 230.40 - 235.10

Our pivot point stands at 260.7.

Our preference

The downside prevails as long as 260.7 is resistance.

Alternative scenario

Above 260.7, look for 268.8 and 273.7.

Comment

The RSI is below 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 256.7545 and 265.4832).

Supports and resistances

273.7 **

268.8 *

260.7 **

257.7

250.79 (USD-last)

239.9

235.1 **

230.4 *

225.7 **

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