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S&P 500 Overbought StocksArchive - 4/19/2024 - Sign In to see current Signals. |
McDonald's Corp. (MCD) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a second consecutive positive week for the McDonald's Corp. (MCD). During the week, the MCD gained 4.60 points, or 1.72%, and closed at 271.99 on Friday, April 19, 2024. It was the best weekly gain since February 23, 2024. Weekly volume was 19% 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 147.64 and resistance is at 286.72. 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 uptrend had started on October 6, 2023 at 245.74 and reached 302.39 on January 22, 2024. MCD gained -56.65 points, or -23.05%, in 15 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (303.54) 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 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. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. 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. Use the following link to access a MACD help. Short-term trend: [See MCD short-term trend chart] A short-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 79 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 262.50 and resistance is at 292.55. 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 short-term trend. Daily Technical Indicators: [See MCD daily technical indicators chart] Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. 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 risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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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