Learn to Evaluate (MCD) using the Charts

July 28, 2024, 12:20 pm ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MCD

• Buy MCD slightly over 246.57 target 265.77 stop loss @ 245.86 Details

The technical summary data tells us to buy MCD near 246.57 with an upside target of 265.77. This data also tells us to set a stop loss @ 245.86 to protect against excessive loss in case the stock begins to move against the trade. 246.57 is the first level of support below 252 , and by rule, any test of support is a buy signal. In this case, support 246.57 would be being tested, so a buy signal would exist.

• Short MCD slightly under 265.77, target 246.57, stop loss @ 266.54 Details

The technical summary data is suggesting a short of MCD as it gets near 265.77 with a downside target of 246.57. We should have a stop loss in place at 266.54though. 265.77 is the first level of resistance above 252, and by rule, any test of resistance is a short signal. In this case, if resistance 265.77 is being tested, so a short signal would exist.

Swing Trading Plans for MCD

• Buy MCD slightly over 258.11, target 265.77, Stop Loss @ 257.36 Details

If 258.11 begins to break higher, the technical summary data tells us to buy MCD just slightly over 258.11, with an upside target of 265.77. The data also tells us to set a stop loss @ 257.36 in case the stock turns against the trade. 258.11 is the first level of resistance above 252, and by rule, any break above resistance is a buy signal. In this case, 258.11, 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 slightly near 258.11, target 251.03, Stop Loss @ 258.86. Details

The technical summary data is suggesting a short of MCD if it tests 258.11 with a downside target of 251.03. We should have a stop loss in place at 258.86 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, 258.11, 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 slightly over 252.95, target 258.11, Stop Loss @ 252.36 Details

If 252.95 begins to break higher, the technical summary data tells us to buy MCD just slightly over 252.95, with an upside target of 258.11. The data also tells us to set a stop loss @ 252.36 in case the stock turns against the trade. 252.95 is the first level of resistance above 252, and by rule, any break above resistance is a buy signal. In this case, 252.95, 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 slightly near 252.95, target 251.03, Stop Loss @ 253.54. Details

The technical summary data is suggesting a short of MCD if it tests 252.95 with a downside target of 251.03. We should have a stop loss in place at 253.54 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, 252.95, 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.

Check the time stamp on this data. Updated AI-Generated Signals for  Mcdonald's Corporation (MCD) available here: MCD.

MCD Ratings for July 28:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	246.57
P2	248.67	251.03	265.77
P3	252.95	258.11	284.38

AI Generated Signals for MCD

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Mcdonald's Corporation (NYSE: MCD) report below can help you understand how to do this. The trading plans for MCD, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.