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Uptrend ExhaustionArchive
- 4/26/2024 -
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McDonald's Corp. (MCD) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a third consecutive positive week for the McDonald's Corp. (MCD). During the week, the MCD climbed 1.10 points, or 0.40%, and closed at 273.09 on Friday, April 26, 2024. Weekly volume was 32% above average.
 Long-term trend: [See MCD long-term trend chart]
A long-term uptrend had started on March 12, 2003 at 12.12 and reached 302.39 on January 22, 2024. MCD gained -290.27 points, or -2394.97%, in 1088 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 147.77 and resistance is at 287.00. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See MCD medium-term trend chart]
A medium-term downtrend had started on January 22, 2024 at 302.39 and reached 265.11 on April 10, 2024. MCD lost 37.28 points, or 12.33%, in 11 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 260.63 and resistance is at 291.76. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See MCD weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 8, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See MCD short-term trend chart]
A short-term uptrend had started on April 10, 2024 at 265.11 and reached 279.82 on April 25, 2024. MCD gained -14.71 points, or -5.55%, in 15 days. The price is now at the 45.75% retracement level.
 Daily Technical Indicators: [See MCD daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.
The daily MACD line is above its signal line since April 17, 2024. This is an indication that the short-term trend is up.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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