McDonald's Corporation Stock Analysis

McDonald's Corporation fell by -0.09% in the last day from $166.73 to $166.58 The price has fallen in 6 of the last 10 days , but is still up by 2.94% over the past 2 weeks. Volume has increased in the last day by 0.03 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 2.97 million shares bought and sold for approximately $494.33 million.

Trend

McDonald's Corporation lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.38% during the next 3 months and, with 90% probability hold a price between $164.31 and $175.93 at the end of this period.

Signals

McDonald's Corporation holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $165.72 and $162.78. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday June 11, 2018, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support & Resistance

McDonald's Corporation finds support from accumulated volume at $162.36.


Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.06 (0.64%) between high and low. For the last week, the stock has had a daily average volatility of 1.72%.


Our recommended stoploss: $158.30 (-4.97%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.



source: StockInvest.US