Technical Analysis – McDonald’s tries to recover fresh gap; bullish in short-term

Posted on January 28, 2020 at 11:12 am GMT

McDonald’s stock price is trying to pare the negative gap that posted yesterday in the daily timeframe, however, the technical indicators are continuing the negative movement. The MACD is dropping below its trigger line in the positive zone, while the stochastic indicator is strengthening its downside structure below the overbought zone. Moreover, the RSI is sloping down with strong momentum above the 50 level. Should weakness extend even lower, support to a negative move could be initially detected within the [..]


Technical Analysis – McDonalds stock reaches new record high; hits upper boundary of ascending channel

Posted on July 23, 2019 at 12:45 pm GMT

McDonalds stock price hits a record high of 215.85 last Thursday, meeting the upper boundary of the long-term ascending channel in the daily timeframe. The 20-day simple moving average (SMA) helped the bulls to retake control, while the positive momentum in the RSI suggests the bullish party is not over yet for the stock. However, the MACD oscillator is slowing down below the trigger line. The peak at 215.86 could potentially work as nearby resistance should the price continue the rebound on 206.35. Nevertheless, it would [..]


Technical Analysis – McDonalds stock retreats after posting multi-month high near 200.00

Posted on May 2, 2019 at 11:42 am GMT

McDonalds’ stock price has been making higher highs and higher lows since August 2018, creating an upward tilting channel. In the short-term, prices moved lower after the pullback on the multi-month high of 200.00 on April 30. The technical indicators are sending bearish signals, suggesting softness in the market in the near term. The RSI has found strong resistance in the overbought level and slipped below 70, indicating that the market could weaken a little bit in the short-term until the [..]


European Open Preview – Stocks rally on US-EU accord; all eyes on ECB

Posted on July 26, 2018 at 7:43 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index – which tracks the greenback’s performance against a basket of six major currencies – is down by 0.27% on Thursday, extending the notable losses it posted in the previous session as trade tensions faded. The euro is little changed as traders await the main event of the day; the ECB policy meeting. The yen, meanwhile, is up across the board today amid continued speculation for a hawkish tilt by [..]


Technical Analysis – McDonalds stock erases rally; could weaken further in short term

Posted on June 14, 2018 at 12:44 pm GMT

McDonald’s stock price has been making higher highs and higher lows since the end of February, creating an upward tilting channel. In the short-term, prices moved lower after the pullback on the four-month high of 171.60. The technical indicators, though, continue to send neutral to bearish signals, suggesting that the softness in the market is not over yet. The RSI has flattened in positive levels, slightly above 50 indicating that the market could weaken a little bit in the short-term until the [..]


Stock Market News (European Open) – European markets mixed; Japanese equities extend gains; McDonald’s reports before US open

Posted on October 24, 2017 at 9:34 am GMT

In Asia, the Nikkei 225 finished the day higher by 0.5%, extending its record winning run to 16 straight days. The Topix, a broader gauge of Japanese equities, added 0.7% to record its 12th consecutive daily advance. Both benchmarks currently stand at multi-year highs. Hong Kong’s Hang Seng shed 0.5% with the Shanghai Composite adding 0.2%. Australia’s S&P/ASX 200 rose 0.1%. Major European bourses were giving a mixed picture during morning trading with major themes affecting sentiment in the continent being [..]


Stock Market News (European Open) – Spanish stocks underperform; Nikkei longest streak of gains on Abe landslide

Posted on October 23, 2017 at 10:04 am GMT

In Japanese equities, the Nikkei 225 and the broader Topix once again finished the day in the green, extending their multi-year high closes; the Nikkei added 1.1% and the Topix rose by 0.8%, closing at their highest since 1996 and 2007 respectively. Hong Kong’s Hang Seng declined by 0.6%, while the Shanghai Composite added 0.1%. Australia’s S&P/ASX 200 fell 0.2%.  The Nikkei recorded its longest streak of gains – 15 consecutive days – as it finished in positive territory today. [..]


Stock Market News – European stocks reverse into positive territory; US earnings week unfolds with more tech companies on radar

Posted on July 25, 2017 at 1:15 pm GMT

All major European bourses advanced, rebounding after three days of declines amid a series of market reversals. The pan-European STOXX 600 advanced 0.80% led by strength among banks and commodity stocks. In the US, the S&P 500 and the Dow Jones opened higher, helped by strong earnings from Caterpillar and McDonald’s, but Google-parent Alphabet weighed on the tech-heavy Nasdaq. Financials rose the most during the European session supported by a jump in government bond yields in the region. Energy and basic [..]

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