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- 4/5/2024 -
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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 dropped -15.26 points, or -5.41%, and closed at 266.69 on Friday, April 5, 2024. Weekly volume was 39% 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 147.38 and resistance is at 286.15. 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 (299.22) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. MCD may retest the broken support line. It is considered to be a resistance line now. 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 is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 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 February 23, 2024 at 298.74 and reached 266.36 on April 5, 2024. MCD lost 32.38 points, or 10.84%, in 42 days. Price is near the trend low.
 Daily Technical Indicators: [See MCD daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since March 12, 2024. This is an indication that the short-term trend is down.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.
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