- The price of McDonald’s Stock is trading at $291.74 and the MCD price increased by 0.15% in the last 24 hours.
- The Market capitalization of McDonald’s Stock is $212.998 Billion.
The McDonald’s Stock Price achieved a breakout earlier on March 24th, Monday and was in an uptrend from then and made a high of $298.60 on May 1st, Monday. After achieving the $298 level, the trend turned into a consolidation phase and eventually became a supply zone. Within a month, it breached its nearest $289 support on May 22nd and fell further to reach $280 i.e. its major support zone on June 8th, 2023.
The McDonald’s Stock Price took a rebound from the $280 level and within the next two weeks, the MCD share price destroyed its hurdle of $289 and rose up to $296. Since the MCD $296 level was already in the supply zone as bear pressure was high it fell again to the nearest support and as observed it started to take support from the newest trendline as well.
Meanwhile, the MCD share price has seen significant growth around 2.12% last month. The McDonald’s share price surged by 10.01% in the last six months. Moreover, the McDonald’s share year-to-date return is positive with an increase of 10.70%.
On the day of publishing, the MCD Stock Price is $291.74, It might reach $298 soon.
McDonald’s Price In 1-D Timeframe
Source: MCD.1D.NYSE by TradingView
As of the day of publishing, the price is going upward on the 1D chart. The MCD Stock’s Price is above the 50 & 200 EMA (exponential moving average), which is supporting the trend upwards. Also, the price sustained above 20 EMA which gives quite an idea that buyers are instinctively buying stock at every price. Investors’ sentiments regarding McDonald’s stock are positive and bullish.
The MACD line crossing above zero is a bullish signal indicating upward momentum and a likely price increase. When the MACD line crosses above the zero line, it is an indication that the current momentum is positive and that the price may increase.
The Stochastic is a momentum oscillator that measures the speed movements and change of price movements. RSI is a popular tool used in trading to chart the strength or weaknesses of a stock or market. When both indicators are in agreement, it provides a strong signal that the trend will continue in the same direction.
Relative Strength Index (RSI) showcases the uptrend momentum of MCD Stock. RSI was at 53.97 above the median line which highlights that McDonald’s Stock is further in an upward direction and Stochastic is also in the positive zone.
The Technical Parameters of MCD Stock price suggest the continuation of the uptrend over the daily time frame chart. The MCD stock price reflects an optimistic view at the moment. Major legitimate indicators MACD, RSI, S.RSI, and EMA, flaunt positive signals about McDonald’s Prices.
The amount of MCD Share price traded in a day is $1.667 Million. As observed from the volume graph, the trading activity is good in the MCD stock, and the price is sustained above the demand zone seen on the chart. Therefore, MCD Price can push the price upwards as the sentiments are positive.
Extraction
The sentiments and perspectives of investors and traders regarding the McDonald’s price are bullish in the 1D timeframe. The MCD stock price reflects an optimistic view at the moment. The technical parameters for the MCD Stock price indicate bullish pressure.
Technical Levels:
- The Nearest Support level is $280.
- The Nearest Resistance level is $296.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
