McDonald's Corporation Stock Forecast
McDonald's Corporation stock price up 0.84% on Friday
(Updated on May 10, 2024)
The McDonald's Corporation stock price gained 0.84% on the last trading day (Friday, 10th May 2024), rising from 248.70€ to 250.80€. During the last trading day the stock fluctuated 1.29% from a day low at 248.40€ to a day high of 251.60€. The price has fallen in 6 of the last 10 days and is down by -2.66% for this period. Volume fell on the last day by -160 shares and in total, 759 shares were bought and sold for approximately 190.36€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.88% during the next 3 months and, with a 90% probability hold a price between 215.08€ and 232.18€ 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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MDO.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 08, 2024, and so far it has risen 2.20%. 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. The McDonald's Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 251.19€ and 253.92€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for McDonald's Corporation stock
McDonald's Corporation finds support from accumulated volume at 247.15€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 3.20€ between high and low, or 1.29%. For the last week the stock has had daily average volatility of 0.94%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MDO.F) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect McDonald's Corporation to open at 250.27€, and during the day (based on 14 day Average True Range), to move between 247.04€ and 254.56€, which gives a possible trading interval of +/-3.76€ (+/-1.50%) up or down from last closing price. If McDonald's Corporation takes out the full calculated possible swing range there will be an estimated 3.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 247.15€ (1.46%) than the resistance at 256.90€ (2.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is McDonald's Corporation stock A Buy?
McDonald's Corporation holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.951 Sell Candidate Unchanged
Predicted Opening Price for McDonald's Corporation of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
250.27€ ( 0.213%) | 250.80€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MDO.F
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 253.47 | 1.06 % | |
R2 | 252.24 | 0.576 % | ||
R1 | 251.49 | 0.275 % | ||
Current price: | 250.80 | |||
Support | S1 | 249.04 | -0.700 % | |
S2 | 248.29 | -1.00 % | ||
S3 | 247.07 | -1.49 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 269.00 | 7.26 % | |
R2 | 257.80 | 2.79 % | ||
R1 | 256.90 | 2.43 % | ||
Current price | 250.80 | |||
Support | S1 | 247.15 | -1.46% | |
S2 | 245.70 | -2.03% | ||
S3 | 245.40 | -2.15% |
MDO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Feb 29, 2024 | Mar 15, 2024 | 1.55€ | 0% |
2 | Aug 31, 2023 | Aug 31, 2023 | Aug 31, 2023 | 1.52€ | 0% |
3 | Jun 02, 2023 | Jun 02, 2023 | Jun 02, 2023 | 1.52€ | 0% |
4 | Feb 28, 2023 | Feb 28, 2023 | Feb 28, 2023 | 1.52€ | 0% |
5 | Oct 13, 2022 | Nov 30, 2022 | Dec 15, 2022 | 1.52€ | 0% |
FAQ
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