McDonald's stock forecast and price prediction

MCD stock price: $241.78 -1.86% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

2

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.

Analysts recommendations

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

SMAs overview

MCD stock SMAs chart

Supports and resistances

Price is at all-time highs and there are not upper resistance levels.

The current support levels are:

  • S1: $239.05 (-1.13% below)
  • S2: $237.81 (-1.64% below)
  • S3: $236.87 (-2.03% below)
  • Bollinger bands

    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

    MCD stock Bollinger Bands chart

    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.

    MCD stock RSI chart

    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

    MCD stock price history chart

    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

    McDonald's summary

    Wednesday, July 28th, 2021
    Open$242.5
    Close$241.78
    Day range$239.35 - $243.8
    Previous close$246.35
    Session gain-1.86%
    Average true range$5.19
    50d mov avg$233.98
    100d mov avg$230.36
    200d mov avg$220.86
    Earnings dateNovember 8th, 2021

    Frequently asked questions

    What is McDonald's stock symbol?

    McDonald's Corporation is a public company trading in the US stock market with the MCD symbol

    Will MCD go up?

    There were no forecasts published by market analysts in the last month for McDonald's.