MCD: Buy ideaWe would have a hight probability to have an uptrend on MCD if only if we have the breakout with force the resistance line by a big green candle.
MCDD trade ideas
Free Report #1:A Glorious Pattern That Should Have Been BannedAm starting a Free Report Series because of this market crash many traders and investors will need a timely report...
This market crash is huge!!! Infact according to my personal researching it seems that it's worse than 2008.
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If you can prepare by seeing this 3 Step pattern then you might have a chance:
👉The ADX is above the Red DI
👉The PAR is below the price
👉The Price Action is in an uptrend
Now all this is happening on the daily so please take note of that.
This pattern is so powerful that it should be banned.
But you are learning about it.
To learn more about this 3 Step system
🚀 Rocket Boost This Content.
Discliamer:Trading is risky you will lose money please learn risk management and profit taking strategies.
MCD going upIF charts break resistance level and turns it into new support level. Than there is the level for entry and my prediction(My Opinion) is that the chart will go up to the next previous high formed as illustrated in the analysis.
McDonald’s is in love with the 50 monthly moving average.This is the only TA you need for McDonald’s. It’s a consistently strong stock that has only had two red yoy returns in 20 years, and in those 20 years its average drawdown is 12%. We dropped 14% from the year at 288 to 247 and bounced near the 50 MA. I expect this to consolidate for several days or weeks potentially but price target is 300 before EOY.
Positions:
131 shares @ 259/share
20 contracts 300c March 2025 @ 4.74/ea
MCD LongExpecting a pump on earnings and rally afterward since the price is in weekly support, MACD has a divergence and there is 3 waves down from the top.
Mcdonald Trading dairy: ready to the moon?As we mentioned 2 days before, Mcdonald has formed a trend reversal pattern after breaking above the consolidation area.
I will set My first target resistance level at $277, which shares the similar level with previous highs and the long-term downtrend line.
McDonald's Share Price Rises Despite Disappointing ReportMcDonald's Share Price Rises Despite Disappointing Report
On Monday, before the start of regular trading, McDonald's reported its second-quarter results:
→ Earnings per share: actual = $2.97, expected = $3.07;
→ Gross revenue: actual = $6.49 billion, expected = $6.62 billion;
→ Net profit for the quarter was $2.02 billion, 12% less than the previous year.
The company's management notes that consumers are limiting spending. CEO Chris Kempczinski mentioned that customers are buying fewer items per visit or opting for cheaper products. Many people prefer dining at home, a trend consistent across various regions of the world.
Nonetheless, McDonald's share price rose by 3.7% on Monday's trading, making it the leader of the day among Dow Jones stocks. Investors were encouraged by the following:
→ McDonald's maintains its overall forecast for new stores, capital expenditures, and operating margin for the year, whereas, for example, the Domino's Pizza chain announced it would reduce the number of new openings worldwide;
→ McDonald's is seeking ways to boost sales, such as the $5 combo meal. Initially launched for just a month, this promotion has been extended through the end of summer.
From a technical analysis perspective, McDonald's shares present concerns:
→ The upward trend (shown in blue), which had been in place for many months, has been broken – the price forcefully breached the lower boundary in May;
→ However, bulls may find hope in the fact that when the price dropped below the 2023 low of around $246 in mid-July, no further bearish momentum followed – a false bearish breakout of an important extremum formed on the chart.
But how optimistic can the prospects be?
Jefferies analysts maintain a "buy" rating for McDonald's shares, though they have lowered the target price from $320.00 to $310.00.
A significant obstacle to the rise in MCD share price is the resistance block formed by the lower boundary of the channel (as former support) and the $265 level.
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McDonald's Earnings Miss For the First Time Since 2020McDonald's second-quarter earnings report fell short of analysts' expectations as higher prices contributed to a decline in foot traffic and comparable store sales. Despite efforts to boost sales with promotions like the "$5 Meal Deal," the fast food giant faced challenges in maintaining revenue and profitability.
Key Takeaways:
- Revenue and Profits: McDonald's reported $6.49 billion in total revenue for Q2, nearly identical to the same period in 2023, but fell short of the $6.63 billion projected by analysts. Net income dropped 12% year-over-year to $2.02 billion, missing expectations of $2.24 billion.
- Comparable Sales Decline: Global comparable sales fell 1% from last year, with U.S. locations experiencing a drop in foot traffic due to higher prices. Sales decreases in France and China offset improvements in Japan and Latin America.
- Impact of Promotions: The recent "$5 Meal Deal" promotion provided a late-quarter boost, though its full impact will be more evident in the third quarter.
Detailed Analysis:
Revenue and Profit Performance
In the second quarter of 2024, McDonald's revenue remained flat at $6.49 billion compared to the same period in 2023. Analysts had anticipated a growth in revenue to $6.63 billion, but the reality fell short. This stagnation in revenue was accompanied by a notable decline in net income, which dropped 12% year-over-year to $2.02 billion, compared to analysts' expectations of $2.24 billion.
Comparable Sales and Foot Traffic
The global comparable sales decline of 1% highlighted the challenges McDonald's faced in maintaining customer engagement amid rising prices. In the U.S., higher menu prices led to reduced foot traffic, contributing to a 0.7% decline in same-store sales. Internationally, sales fell by 1.1%, driven by weaknesses in markets like France and China, which overshadowed gains in Japan and Latin America.
Promotional Efforts and Market Response
In response to the declining sales, McDonald's launched the "$5 Meal Deal" promotion in an effort to attract price-sensitive customers. While this promotion only impacted the final days of the second quarter, it is expected to have a more significant effect on third-quarter earnings. Early reports suggest that the promotion has been successful, potentially continuing into August to sustain momentum.
McDonald's CEO Chris Kempczinski emphasized the company's commitment to delivering "reliable, everyday value" and accelerating growth drivers such as chicken and loyalty programs. Despite these efforts, the broader economic environment and consumer price sensitivity have posed substantial challenges.
Market Reaction
Shares of McDonald's have experienced a 15% decline in value so far this year. However, the stock showed a slight recovery, up 3.77% in Monday's trading session following the earnings announcement. This reflects a cautious optimism among investors that the company's strategic initiatives may eventually pay off. The stock has a Relative Strength Index (RSI) of 57.83, indicating potential for further growth. Adding to the potential growth is the bullish flag pattern depicted on the chart.
Conclusion
McDonald's second-quarter performance underscores the difficulties faced by the fast food industry amid rising prices and shifting consumer behaviors. While the "$5 Meal Deal" and other strategic initiatives show promise, the company must navigate a complex landscape to regain growth and profitability.
MCD 1H Swing / Investment Conservative Trend TradeConservative Trend Trade
+ long impulse
+ expanding T2
+ volumed 2Sp-
+ weak test
+ first bullish bar closed entry
Calculated affordable stop limit
Take profit:
1/3 1 to 2 R/R
1/3 daily T1 level
1/3 monthly 1/2
Daily trend
"+ long impulse
+ expanding T2
+ volumed 2Sp-
+ weak test
+ first bullish bar closed entry"
Monthly trens
"+ long impulse
+ volumed T2 level
+ support level
+ 1/2 correction
+ biggest volume Sp
+ weak test"
MCD @NYSE
Sell Limit 261.99, GTC
Sell Stop 250.94 LMT 253.18, GTC
Sell Limit 257.63, GTC
OCO 2A: Sell Shares of MCD Limit at $271.49 (Good 'til Canceled)
OCO 2B: Sell Shares of MCD Stop at $250.94 Limit at $251.94 (Good 'til Canceled)
McDonald's Potential Support Breakout At $245.64. 29.07.2024- McDonald's (NYSE: MCD) potential support breakout at $245.64.
- If support breaks:
- Target 1: $230.13
- Target 2: $210.40
- If breakout fails:
- Target 1: $257.85
- Target 2: $267.43
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Disclaimer
MCD breakout , US StockBig channel breakout
257-260 will be good level for long
262/264/266/269/275/280 can test soon
MCD NEW BULLISH LEG? OR SIMPLE DEAD CAT BOUNCE ?MCD, after having underperformed compared to its reference index, seems to have ended a bearish distribution phase. Watch out for this bounce. To test the goodness and strength of the rise it is necessary to test how the price reacts to the POC of the distribution area set at 267.30. stay tuned, stay strong, until the end
Double TopMcDonald's share price is drawing the company's logo on the chart, which is a potential Double Top trend change figure. If the support area of 250.00 is broken, the potential for a fall to 200.00 will open up.
There have been three similar situations of this magnitude in the history of the company. All of them realized a 30-60% drop, i.e. they were senior corrections.
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.
McDonald's Elliott WaveHello friends
In McDonald's stock, we see the formation of a 5-wave impulse pattern that has been completed. These 5 waves can be considered as wave A or 1. Now, with the break of the trend line at the end of wave 5 and the retreat towards it, we expect the price to rise to the $262 range. This increase can occur in the dominance of a zigzag or any corrective pattern. Stop loss can also be considered at 245 which is an important support.
The second target of the $280 range can be considered.
Be successful and profitable.
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MCD time for CALLS again we now have a nice daily RSI positive non confirmation I will now buy 260 calls looking for a rally of 11 to 15 $
MCD Short IdeaMCD recently put in a double top near ATH and had a big rejection. It also broke below a major trendline dating back several years. For shorter term, I'm watching this descending trendline and horizontal resistance for a short entry.
MCD correction doneI expect MCD to hit $269 by 7/19. $269.63 is the .382 retrace level off the 302 high and 249.38 low. Show's a double bottom with fib timing on the daily. I am in the 9/20 $260 calls for $7. other targets above: 275/291/316
MCD, 200 sma on the weekly BIG Support!! One could buy shares long term, or put sales or bull put spreads *once / if* MCD gets down into the $244 price zone.
Gonna be super boring. But overall, likely profitable. MCD hasn't hit the 200 sma(on adjusted for dividends) chart since covid. When it bounced very hard.
:-)
