McDonald's stock forecast and price prediction
Jul 29th, 2021
McDonald's forecast brief
- After reaching all-time highs on Tuesday, McDonald's closed on Wednesday at $241.78 going down a -1.86%
- On Tuesday, McDonald's posted its Q2 financial report
- Last Friday broke out above its latest top at $239.05
- McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products and beverages, as well as breakfast menu.
McDonald's stock price forecast
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions release their price forecasts based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new fundamental data by the company, and many times. Again, these estimates are not direct recommendations for small investors and should not be followed blindly.
We don't have any target price posted in the previous 4 weeks for McDonald's.
In the last month we couldn't find any rating for McDonald's
Earnings and financials
Financial call was hosted by McDonald's ($MCD) on Tuesday after presenting the financial report.Same quarter last year, reported EPS was $0.66, so recently reported EPS means -100.00%. Looking at sales, figures went up a 8.70% compared to $47.1B year over year.
McDonald's ($MCD) presents earnings report next November.
McDonald's stock: buy or sell?
Is McDonald's good stock to buy now?McDonald's had no ratings in the last 4 weeks Read the article to get additional tips on trading MCD stock.
Currently, McDonald's stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $MCD in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell McDonald's?
In the current situation of McDonald's there is not any eligible sell setup, so McDonald's stock holders with operations in green can keep their positions
McDonald's stock technical predictions
$MCD at new Highs
McDonald's did it again, and marked new all-time highs (ATH) on Tuesday at $247.05
Supports and resistances
Price is at all-time highs and there are not upper resistance levels.
The current support levels are:
Since the price surpassed the upper band on Tuesday, the price corrected downwards by 2.13%. Since the price broke down the lower band on July 19, the price bounced by 6.78%. The price is trading very close to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a sell point, as price can trade in these levels for many days and weeks
Relative strength index
When the stays for so long below 70 and above 30, without signaling moments of overbought and oversold, the indicator loses its usefulness, and we find ourselves in one of these cases.
McDonald's stock price history
McDonald's started trading on Jul 5th, 1966 at $0.00 per share1. Since then, MCD stock has risen by -, with an average of 0.00% per year. If you had invested $1,000USD in McDonald's stock at that time, it would have a value of $inf today.
1: Adjusted price after possible price splits or reverse-splits
Important:The opinions published in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this text does not know the individual situations of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for informational motives only
|Wednesday, July 28th, 2021|
|Day range||$239.35 - $243.8|
|Average true range||$5.19|
|50d mov avg||$233.98|
|100d mov avg||$230.36|
|200d mov avg||$220.86|
|Earnings date||November 8th, 2021|