The Hourly View for MCD
At the moment, MCD’s price is up $0.23 (0.11%) from the hour prior. This is the 2nd hour in a row MCD has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Of note is that the 50 hour changed directions on MCD; it is now pointing up. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
MCD’s Technical Outlook on the Daily Chart
At the time of this writing, MCD’s price is up $0.88 (0.43%) from the day prior. This move is a reversal from the day prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows MCD’s price action over the past 90 days.
For MCD News Traders
Investors and traders in MCD may be particularly interested in the following story that came out in the past day:
Beyond Meat Inc. , Peet’s Coffee, and Eat Just Inc. on Wednesday said they are teaming to bring the Everything Plant-Based Sandwich to Peet’s 2021 spring menu. “As consumers continue to demand more plant-based options we have expanded beyond alternative dairy, setting our sights on a plant-based breakfast sandwich that is not only better for the planet, but also every bite as delicious as your typical animal-based breakfast sandwich,” Lori Fulmer, senior food R&D Manager of Peet’s, said in a statement. Of late, Beyond Meat has been busy signing deals with chains such as McDonald’s Corp. , Taco Bell, KFC, and Pizza Hut.
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The post Mcdonalds Corp (MCD): Price Now Near $206.69; Daily Chart Shows Downtrend on 100 Day Basis appeared first on ETF Daily News.
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