Good Time To Buy MCD??
Reasons To Invest In McDonald's
Long-Term Bullish Trend: The overall long-term trend for McDonald’s stock is bullish, indicating strong growth potential.
Support at 200 SMA on Weekly Chart: The stock has pulled back to the 200-day Simple Moving Average (SMA) on the weekly chart, a key support level.
Historical Price Bounce: McDonald’s stock has bounced at this price level twice before, showing a pattern of support.
Monthly RSI at Pandemic Lows: The Relative Strength Index (RSI) on the monthly chart is at levels not seen since the pandemic, suggesting it might be oversold.
Low Weekly RSI: The RSI on the weekly chart is also low, indicating a potential buying opportunity.
Bullish Divergence: There is bullish divergence on both the daily and weekly charts, which can signal a reversal or continuation of an uptrend.
Bearish Monthly Candles: There have been four consecutive bearish monthly candles, so a move higher is more likely as the stock may be due for a rebound.
Potential for 20% Gain: A return to the all-time high would result in a 20% gain from the current price.
Long-Term Bullish Trend: The overall long-term trend for McDonald’s stock is bullish, indicating strong growth potential.
Support at 200 SMA on Weekly Chart: The stock has pulled back to the 200-day Simple Moving Average (SMA) on the weekly chart, a key support level.
Historical Price Bounce: McDonald’s stock has bounced at this price level twice before, showing a pattern of support.
Monthly RSI at Pandemic Lows: The Relative Strength Index (RSI) on the monthly chart is at levels not seen since the pandemic, suggesting it might be oversold.
Low Weekly RSI: The RSI on the weekly chart is also low, indicating a potential buying opportunity.
Bullish Divergence: There is bullish divergence on both the daily and weekly charts, which can signal a reversal or continuation of an uptrend.
Bearish Monthly Candles: There have been four consecutive bearish monthly candles, so a move higher is more likely as the stock may be due for a rebound.
Potential for 20% Gain: A return to the all-time high would result in a 20% gain from the current price.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.