McDonald's may rise to 270.50 - 275.60

Our pivot point is at 243.

Our preference

Short term rebound towards 270.5.

Alternative scenario

Below 243, expect 235 and 230.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 256.151 and 265.1704).

Supports and resistances

280.5 **

275.6 *

270.5 **

265.7

253.8 (USD-last)

246.3

243 **

235 *

230 **

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