MCD long on breakout of wedge/volumeBreakout of descending wedge while also retesting and shooting up. Launch pad of a volume shelf and plenty of time on the setup. I wouldn't be surprised to see ATH's in mid term future
4MCD trade ideas
MCD - Blue Chip coming alive. Pre-Earnings setupPre-earnings setup. Tight price action at the handle.
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Mcdonalds yumWith the Travy Patty Burger being eradicated off the menu we could see a sharp decline in sales this coming week or two, major loss for the McDonalds Corp. loosing the travy patty.
7/4/22 MCDMcDonalds Corporation ( NYSE:MCD )
Sector: Consumer Services (Restaurants)
Market Capitalization: $187.076B
Current Price: $252.96
Breakout price: $252.96
Buy Zone (Top/Bottom Range): $248.35-$238.25
Price Target: $258.00-$260.50 (1st), $270.00-$275.60 (2nd), $302.60-$308.20 (3rd)
Estimated Duration to Target: 21-22d (1st), 54-61d (2nd), 150-159d (3rd)
Contract of Interest: $MCD 8/19/22 270c, $MCD 9/16/22 270c, $MCD 12/16/22 280c
Trade price as of publish date: $3.60/contract, $3.60/contract, $4.75/contract
Memes still overvalued, potential for a correctionHello friends. We have put together a Meme Index which captures the general price movements of assets which are considered for one reason or another to be memes. It includes household names like Gamestop, Doge, AMC, and a few others. What we can see is that memes retraced by as much as 75% of their value from the peak, but are nowhere near done. We think that the fair value of the memes, based on the MTV (Meme To Value) ratio, is between $1 and $2. There could be great buying opportunities in several years time on these memes, which could be ridden for the next hype-cycle ahead. However, just like with the dot com bubble, many of these memes will cease to be funny, and eventually go to zero. Only a few highly funny memes will make it to the next hype cycle.
Thanks for playing.
Parabolic Run Examples (Log Vs Non Log)Examples of Parabolic runs - McDonald's and Pepsi
Mcdonalds is on a Logarithmic chart while Pepsi is on a normal chart
As you can see on the Log chart McDonalds shows consistent growth, it is in a very bullish state and will likely stay this way for a long time
The parabolic move is more evident on Pepsi (non log) showing the parabolic curve
I see these patterns across many large cap stocks, it is hard to get creative on them as they only have one clear uptrend to plot.
Regardless it is a very bullish state and a great buy.
The glitter indicator shows the green periods of growth massively outweigh the downside periods.
Rolling towards $200?It looks bearish and rolling over towards 200. Deglobalization can happen and its a bad news for MCD or any multinational.
McDonald's earnings tomorrow @ 7amMcDonald's earnings are tomorrow at 7am. My range is low $203, mid $212, high $221. Basically MCD has been trading sideways since it's last earnings announcement within this slight down trend channel. I think that with their advancements in technology, McDonald's has a good chance of having a + earnings surprise.
4th Quarter December 2020
Consensus =
EPS: $1.75
Revenue: $5.32 Billion
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
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7pt Trading compass:
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Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
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Beware of analysts motives
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FOMO : bad timing
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SELL MCDNow market could rebound on bottom channel, took a bearish position for slow movement mcd to test the water.
$MCD possible weekly support May 260 call BID .32 ask .43 buyer bought these at $4.55 for 900k . plenty of time for these to rebound
McDonald's | MCD | Long OpportunityMcDonald's Corp ( NYSE:MCD ) may be entering buy territory. Head and shoulders pattern formed before this recent decline, but primary support may be near $218. Given the March 2022 Federal Reserve meeting and OpEx next week (as well as the Russia/Ukraine war), there could be more declines ahead to the primary support (indicators show this is likely, as well). If it can hold that level, a 50 EMA (yellow line) or 200 EMA (green line) touch may be in its future. There is a small gap at $266.72 - $270 to fill, but that would likely be reached if the indexes melt-up or superb business news emerges.
On Feb 28, 2022, the Director purchased $244,180 worth of shares at an average of $244.18. No insider sales after Oct 2021.
P/E near 22
$MCD with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $MCD after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 90%.
$MCD Short Unhappy MealLook for an entry between 250-253
Approaching bullish trend resistance. Bearish Divergence on the Daily time frame.
Entry $252.25
TP 1 $248.24
TP 2 $246.15
TP 3 $242.40
McDonalds - Dividend Aristocrat to Correct by 30%?Are we about to observe similar drop for the global giant McDonalds that we saw in 2020?
These are few points that may trigger it:
Fundamental indicators:
Recession - warning macro signals suggest that world economies are slowing down and recession is possible within a year, this may be reflected in the forecast of the company, like any other in S&P500
Eastern Europe conflict - suspension of business in Russia will certainly have an impact on earnings
P/E - is quite high at 25x and possible correction may let some steam out of the overpriced stock
Liabilities - rising against assets and equity which may be at uncomfortable levels for investors
Technically:
Since the significant drop we saw in 2020 there was a hype in the market linked to Fed 'money printing', however the bull run is difficult associate with an impulse. Hence this is a complex running correction forming with double zig-zags. And one of the distinctive points of this correction is that waves W and Y are very symmetrical and of the similar amplitude
The potential correction may be very rapid after the earnings report and reach levels of $190 to $170.
Alternative scenario - if the report comes out positive then wave X may continue extending and to update current highs before repeating this significant correction
What are your thoughts about this scenario?
Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves.
Thanks
McDonalds - MCD• Nice upside of the MCD in the last weeks.
• It looks like a flag formation beginning April at the 61.8% Fibonacci Retracement
• The gap before the flag formation showed a nice support at USD 242.95/244.77
• 50 MA is turning positive and will cross the 200 MA soon if the upside is continuing
• Outbreak of the flag formation was with higher volume which is supportive for the continuation
• Price target at around USD 280
• Let’s see if the price can break through the resistance of the 100 MA and the 76.4% Fibonacci Retracement in the next days
ABC BullishMCD fell from a head and shoulders top and price completed a bit more than 100% of the fall, but not much. Price is on the prior neckline which can serve as support.
Price hit C and appears to have bounced. ABC Bullish is a common pull back pattern and the target is D.
Targets in large type are targets 1. Small type is targets 2, if targets 1 are surpassed.
Possible stop under C or where you see support.
Long entry level can be paramount.
I bought this on the gap fill yesterday.
No recommendation.
It seems like Dividend stocks are the place to be as of late. During a depressed economy, real estate (XLRE), health care (XLV but in a rising wedge right now), (XHE) (XHS/pulling back right now), utilities (XLU/Overbought right now)(DUK, EIX FE etc). Sometimes materials do well during hard times (XLB) but not always, commodities, and Conglomerates or Stalwarts that folks know will not disappear during a recession. Consumer staples, (XLP) often outperform Consumer discretionary (XLY). I try to think "What are the goods people can not or will not go without?"
Examples of Stalwarts are PG, WMT, MCD etc. and are not what we think of as growth stocks as a rule, just reliable.
EPS (FWD)
9.99
PE (FWD)
24.70
Div Rate (FWD)
$5.52
Yield (FWD)
2.24%
Short Interest
0.81%
Market Cap
$185.34B
$MCD D$MCD on watch for this trendline. Previously broke down of the head and shoulders now retesting the neckline. Can we reclaim the uptrend or is this just a retest and head down again
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MCD LOVIN LONG$MCD kinda lovin it here. Had a nice close Friday and didnt explode too high yet after flagging on the daily/4hr chart. I expect to see another move higher in the next few days if we break above $240 towards the $250+ level. Hourly close above 240 send with SL 237.
