pool adsMcdonald's $MCD Technical Update
The Mcdonald's (NYSE: MCD) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for MCD, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Neutral | Neutral |
| P1 | 181.86 | 180.80 | 161.56 |
| P2 | 184.36 | 188.81 | 175.31 |
| P3 | 188.04 | 196.76 | 189.60 |
Support and Resistance Plot Chart for MCD
Long Term Trading Plans for MCD
December 7, 2018, 4:30 pm ET
The Technical Summary and Trading Plans for MCD help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this MCD Report.
MCD - (Long) Support Plan
The technical summary data tells us to buy MCD near 175.31 with an upside target of 189.60. This data also tells us to set a stop loss @ 175.05 to protect against excessive loss in case the stock begins to move against the trade. 175.31 is the first level of support below 182.96 , and by rule, any test of support is a buy signal. In this case, support 175.31 is being tested, a buy signal would exist.
MCD - (Short) Resistance Plan
The technical summary data is suggesting a short of MCD as it gets near 189.60 with a downside target of 175.31. We should have a stop loss in place at 189.86 though. 189.60 is the first level of resistance above 182.96, and by rule, any test of resistance is a short signal. In this case, if resistance 189.60 is being tested, a short signal would exist.
