The Greedy Trader Weekly Analysis
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McDonald's Corp.
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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range is overboughtMACD bearish divergenceBearish Downside Tasuki Gap CandlestickTrend resistance at 176.27
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It was a third consecutive positive week for the McDonald's Corp. (MCD). During the week, the MCD gained 3.41 points, or 1.97%, and closed at 176.75 on Friday, November 02, 2018. Weekly volume was 17% above average.

MCD is a member of Services Sector. Services is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See MCD long-term trend chart]
A long-term uptrend had started on March 12, 2003 at 12.12 and reached 178.96 on October 31, 2018. MCD gained -166.84 points, or -1376.57%, in 816 weeks. The chart has formed a Falling Wedge chart pattern. The uptrend resistance line (106.83) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See MCD medium-term trend chart]
A medium-term uptrend had started on August 24, 2015 at 87.50 and reached 178.96 on October 31, 2018. MCD gained -91.46 points, or -104.53%, in 166 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 167.18 and resistance is at 193.95. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See MCD weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since August 24, 2018. This is an indication that the medium-term trend is up. 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 August 2, 2018 at 153.13 and reached 178.96 on October 31, 2018. MCD gained -25.83 points, or -16.87%, in 90 days. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (176.27). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.

Daily Technical Indicators: [See MCD daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since October 22, 2018. This is an indication that the short-term trend is up.

Candlestick pattern: [See MCD candlestick chart pattern]
On Friday the chart has formed a Bearish Downside Tasuki Gap Candlestick pattern. This is a rare continuation formation that appears in a strongly downward moving market. The reliability of the Bearish Downside Tasuki Gap pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Downside Tasuki Gap Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.61
Williams' Percentage Range (W%R) 14.60
Overbought
Lane's Stochastic (%D-Slow) 77.88
Greed/Fear Indicator (GFI) 78.28
Moving Average Converg./Diverg. (MACD) 2.72 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.08
Williams' Percentage Range (W%R) 9.70
Strong Overbought
Lane's Stochastic (%D-Slow) 76.40
Greed/Fear Indicator (GFI) 75.66
Moving Average Converg./Diverg. (MACD) 0.77
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 193.95
Upper Bollinger Band 181.94
Daily Stochastic Crossing 177.70
Price 176.75
Weekly Trendline Resistance 176.27
Weekly Stochastic Crossing 173.49
Parabolic System 171.44
20 Day Moving Average 170.58
Quarterly Trendline Support 167.18
50 Day Moving Average 166.19
Weekly Trendline Support 163.69
Lower Bollinger Band 161.04
Sector and Industry
Description Name Rank
Sector Services 8
Industry Restaurants 129
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 156.56
Low Date 09/17/2018
High 178.96
High Date 10/31/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 176.27
Support 163.69
Low 153.13
Low Date 08/02/2018
High 178.96
High Date 10/31/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 146.84
Low Date 03/02/2018
High 178.96
High Date 10/31/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 193.95
Support 167.18
Low 87.50
Low Date 08/24/2015
High 178.96
High Date 10/31/2018
Description Value
Direction Up
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 138.95
Support 106.83
Low 12.12
Low Date 03/12/2003
High 178.96
High Date 10/31/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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