McDonald's may rise to 274.00 - 279.00

Our pivot point is at 246.5.

Our preference

Short term rebound towards 274.

Alternative scenario

Below 246.5, expect 238.7 and 233.9.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 256.711 and 264.0044).

Supports and resistances

283.9 **

279 *

274 **

269.4

254.84 (USD-last)

249.8

246.5 **

238.7 *

233.9 **

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