The Greedy Trader Weekly Analysis
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McDonald's Corp.
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Summary:
Weekly :Broken trend resistance line
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal linePrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a third consecutive positive week for the McDonald's Corp. (MCD). During the week, the MCD gained 4.09 points, or 2.29%, and closed at 182.37 on Friday, January 11, 2019. It was the best weekly gain since November 30, 2018. Weekly volume was -32% below 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 190.88 on November 29, 2018. MCD gained -178.76 points, or -1474.92%, in 820 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (112.97) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 190.88 on November 29, 2018. MCD gained -103.38 points, or -118.15%, in 170 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 171.82 and resistance is at 198.59. 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 technical indicators are neutral.

The weekly MACD line is above its signal line since August 24, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 190.88 on November 29, 2018. MCD gained -37.75 points, or -24.65%, in 119 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 170.53 and resistance is at 203.09. 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 short-term trend.

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. 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 Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.15
Williams' Percentage Range (W%R) 34.80
Lane's Stochastic (%D-Slow) 89.51
Overbought
Greed/Fear Indicator (GFI) 74.61
Moving Average Converg./Diverg. (MACD) -0.81
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.74
Williams' Percentage Range (W%R) 30.00
Lane's Stochastic (%D-Slow) 52.65
Greed/Fear Indicator (GFI) 60.46
Moving Average Converg./Diverg. (MACD) 4.71
Trading Signals
Description Value Chart
Weekly Trendline Resistance 203.09
Quarterly Trendline Resistance 198.59
Monthly Trendline Resistance 195.35
Upper Bollinger Band 187.01
Price 182.37
Daily Stochastic Crossing 181.59
50 Day Moving Average 181.47
Weekly Stochastic Crossing 179.24
20 Day Moving Average 178.23
Parabolic System 176.66
Quarterly Trendline Support 171.82
Lower Bollinger Band 171.72
Weekly Trendline Support 170.53
Monthly Trendline Support 159.72
Sector and Industry
Description Name Rank
Sector Services 4
Industry Restaurants 152
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 190.88
High Date 11/29/2018
Low 169.04
Low Date 12/26/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 203.09
Support 170.53
Low 153.13
Low Date 08/02/2018
High 190.88
High Date 11/29/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 195.35
Support 159.72
Low 146.84
Low Date 03/02/2018
High 190.88
High Date 11/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 198.59
Support 171.82
Low 87.50
Low Date 08/24/2015
High 190.88
High Date 11/29/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 135.14
Support 112.97
Low 12.12
Low Date 03/12/2003
High 190.88
High Date 11/29/2018
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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