McDonalds Stock Forecast
McDonalds stock price ended at $272.38 on Friday, after losing 0.413%.
(Updated on May 17, 2024)
The McDonalds stock price fell by -0.413% on the last day (Friday, 17th May 2024) from $273.51 to $272.38. During the last trading day the stock fluctuated 1.16% from a day low at $270.92 to a day high of $274.06. The price has fallen in 7 of the last 10 days but is still up by 0.77% over the past 2 weeks. Volume has increased on the last day by 451 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $617.47 million.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $273.14 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.30% during the next 3 months and, with a 90% probability hold a price between $231.32 and $247.74 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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MCD Signals & Forecast
The McDonalds stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $272.10 and $271.68. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.62%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Monday, May 13, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, May 13, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for McDonalds stock
McDonalds finds support from accumulated volume at $271.32 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $3.14 between high and low, or 1.16%. For the last week the stock has had daily average volatility of 1.44%.
Our recommended stop-loss: $259.08 (-4.88%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (MCD) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect McDonald's Corporation to open at $272.45, and during the day (based on 14 day Average True Range), to move between $268.24 and $276.52, which gives a possible trading interval of +/-$4.14 (+/-1.52%) up or down from last closing price. If McDonald's Corporation takes out the full calculated possible swing range there will be an estimated 3.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $273.04 (0.24%) than the support at $271.32 (0.39%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is McDonald's Corporation stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.011 Buy Candidate Unchanged
Predicted Opening Price for McDonald's Corporation of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $272.45 ( 0.0269%) | $272.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MCD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 275.59 | 1.18 % | |
| R2 | 274.39 | 0.739 % | ||
| R1 | 273.65 | 0.467 % | ||
| Current price: | 272.38 | |||
| Support | S1 | 271.25 | -0.413 % | |
| S2 | 270.51 | -0.686 % | ||
| S3 | 269.31 | -1.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 275.00 | 0.96 % | |
| R2 | 274.34 | 0.720 % | ||
| R1 | 273.04 | 0.242 % | ||
| Current price | 272.38 | |||
| Support | S1 | 271.32 | -0.389% | |
| S2 | 268.67 | -1.36% | ||
| S3 | 266.69 | -2.09% |
MCD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 07, 2024 | Feb 29, 2024 | Mar 15, 2024 | $1.67 | 0.598% |
| 2 | Oct 04, 2023 | Nov 30, 2023 | Dec 15, 2023 | $1.67 | 0.581% |
| 3 | Jul 25, 2023 | Aug 31, 2023 | Sep 18, 2023 | $1.52 | 0.547% |
| 4 | May 25, 2023 | Jun 02, 2023 | Jun 20, 2023 | $1.52 | 0.519% |
| 5 | Feb 02, 2023 | Feb 28, 2023 | Mar 15, 2023 | $1.52 | 0.571% |
FAQ
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