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Archive
- 12/13/2024 -
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McDonald's Corp. (MCD) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the McDonald's Corp. (MCD). During the week, the MCD gave back -2.38 points, or -0.80%, and closed at 296.60 on Friday, December 13, 2024. Weekly volume was -25% below average.
MCD is a member of Consumer Discretionary Sector. Consumer Discretionary 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 317.90 on October 21, 2024. MCD gained -305.78 points, or -2522.94%, in 1127 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (310.13). 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 long-term trend.
 Medium-term trend: [See MCD medium-term trend chart]
A medium-term downtrend had started on October 21, 2024 at 317.90 and reached 283.50 on November 21, 2024. MCD lost 34.40 points, or 10.82%, in 4 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (277.59) is broken. A broken support is considered to be a long-term bullish signal. 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 medium-term trend.
 Weekly Technical Indicators: [See MCD weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since November 22, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 November 21, 2024 at 283.50 and reached 303.80 on December 6, 2024. MCD gained -20.30 points, or -7.16%, in 15 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (298.05) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a short-term trend.
Daily Technical Indicators: [See MCD daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since November 25, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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.
During the last week, the price has declined below 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.
Price is close to the 50 Day Moving Average. 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.
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