MCDONALD S CORP. - 1H - Technical analysis published on 09/30/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 300.13 USD
My targets
306.96 USD (+1.08%)
My analysis
MCDONALD S CORP. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 300.13 USD. The next resistance located at 306.96 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.9
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This analysis was given by chookich. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MCDONALD S CORP. rating is 303.69 USD. The price has increased by +0.01% since the last closing with the lowest point at 303.52 USD and the highest point at 306.96 USD. The deviation from the price is +0.06% for the low point and -1.07% for the high point.303.52
306.96
303.69
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of MCDONALD S CORP. in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 7 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 290.44 | 295.17 | 300.13 | 303.69 | 304.29 | 306.96 |
| Change (%) | -4.36% | -2.81% | -1.17% | - | +0.20% | +1.08% |
| Change | -13.25 | -8.52 | -3.56 | - | +0.60 | +3.27 |
| Level | Intermediate | Major | Minor | - | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 299.05 | 301.28 | 302.49 | 304.72 | 305.93 | 308.16 | 309.37 |
| Camarilla | 302.74 | 303.06 | 303.38 | 303.69 | 304.01 | 304.32 | 304.64 |
| Woodie | 298.53 | 301.03 | 301.97 | 304.47 | 305.41 | 307.91 | 308.85 |
| Fibonacci | 301.28 | 302.60 | 303.41 | 304.72 | 306.04 | 306.85 | 308.16 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 281.69 | 286.03 | 291.43 | 295.77 | 301.17 | 305.51 | 310.91 |
| Camarilla | 294.15 | 295.04 | 295.94 | 296.83 | 297.72 | 298.62 | 299.51 |
| Woodie | 282.22 | 286.30 | 291.96 | 296.04 | 301.70 | 305.78 | 311.44 |
| Fibonacci | 286.03 | 289.75 | 292.05 | 295.77 | 299.49 | 301.79 | 305.51 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 238.77 | 249.82 | 268.41 | 279.46 | 298.05 | 309.10 | 327.69 |
| Camarilla | 278.84 | 281.56 | 284.27 | 286.99 | 289.71 | 292.42 | 295.14 |
| Woodie | 242.53 | 251.71 | 272.17 | 281.35 | 301.81 | 310.99 | 331.45 |
| Fibonacci | 249.82 | 261.15 | 268.14 | 279.46 | 290.79 | 297.78 | 309.10 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 57.11 | |
| MACD (12,26,9): | 1.5700 | |
| Directional Movement: | 12.44 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 305.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 306.90 | |
| Elder Ray (13): | 0.37 | |
| Super Trend (3,10): | 301.61 | |
| Zig ZAG (10): | 303.69 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 60.93 | |
| TEMA (21): | 305.41 | |
| Williams %R (14): | -52.49 | |
| Chande Momentum Oscillator (20): | -0.17 | |
| Repulse (5,40,3): | -0.4300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 2.50 |
| MA7: | 299.69 | |
| MA20: | 294.00 | |
| MA50: | 280.10 | |
| MA100: | 268.26 | |
| MAexp7: | 304.44 | |
| MAexp20: | 303.12 | |
| MAexp50: | 300.16 | |
| MAexp100: | 296.56 | |
| Price / MA7: | +1.33% | |
| Price / MA20: | +3.30% | |
| Price / MA50: | +8.42% | |
| Price / MA100: | +13.21% | |
| Price / MAexp7: | -0.25% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | +1.18% | |
| Price / MAexp100: | +2.40% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on MCDONALD S CORP.. At the time of publication of this analysis, the latest news was as follows:
- McDONALD'S RAISES QUARTERLY CASH DIVIDEND BY 6%
-
McDonald’s makes huge push into the U.K. and Ireland
-
McDonald’s is still trying to win back customers
- McDONALD'S REPORTS SECOND QUARTER 2024 RESULTS
- McDONALD'S ANNOUNCES QUARTERLY CASH DIVIDEND
This member declared not having a position on this financial instrument or a related financial instrument.
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