Trend Tracker for Mcdonald's MCD

Source: Stock Traders Daily

Longer Term Trading Plans for MCD
  • Buy MCD over 246.59 target 255.00 stop loss @ 245.88 Details
  • The technical summary data tells us to buy MCD near 246.59 with an upside target of 255.00. This data also tells us to set a stop loss @ 245.88 to protect against excessive loss in case the stock begins to move against the trade. 246.59 is the first level of support below 254.59 , and by rule, any test of support is a buy signal. In this case, support 246.59 would be being tested, so a buy signal would exist.

  • Short MCD under 255.00, target 246.59, stop loss @ 255.74 Details
  • The technical summary data is suggesting a short of MCD as it gets near 255.00 with a downside target of 246.59. We should have a stop loss in place at 255.74though. 255.00 is the first level of resistance above 254.59, and by rule, any test of resistance is a short signal. In this case, if resistance 255.00 is being tested, so a short signal would exist.

Swing Trading Plans for MCD
  • Buy MCD over 255.00, target 257.22, Stop Loss @ 254.26 Details
  • If 255.00 begins to break higher, the technical summary data tells us to buy MCD just over 255.00, with an upside target of 257.22. The data also tells us to set a stop loss @ 254.26 in case the stock turns against the trade. 255.00 is the first level of resistance above 254.59, and by rule, any break above resistance is a buy signal. In this case, 255.00, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short MCD near 255.00, target 253.14, Stop Loss @ 255.74. Details
  • The technical summary data is suggesting a short of MCD if it tests 255.00 with a downside target of 253.14. We should have a stop loss in place at 255.74 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 255.00, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for MCD
  • Buy MCD over 255.00, target 256.87, Stop Loss @ 254.41 Details
  • If 255.00 begins to break higher, the technical summary data tells us to buy MCD just over 255.00, with an upside target of 256.87. The data also tells us to set a stop loss @ 254.41 in case the stock turns against the trade. 255.00 is the first level of resistance above 254.59, and by rule, any break above resistance is a buy signal. In this case, 255.00, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short MCD near 255.00, target 253.74, Stop Loss @ 255.59. Details
  • The technical summary data is suggesting a short of MCD if it tests 255.00 with a downside target of 253.74. We should have a stop loss in place at 255.59 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 255.00, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

MCD Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Weak Strong Strong
P1 0 0 246.59
P2 253.74 253.14 255.00
P3 256.87 257.22 262.96

MCD Long Term Analysis for January 21 2022


MCD Swing Trading Analysis for January 21 2022


MCD Day Trading Analysis for January 21 2022

The data for Mcdonald's (NYSE: MCD) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for MCD change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if MCD is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for MCD too.  All of these are offered below the Summary Table.

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