McDonald's Corporation (MCD)

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Stock Price History

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Our View

McDonalds is arguably the most popular burger chain in the world. The company has 39,000 locations spread out across 120 countries. It has tremendous experience in adapting its offerings according to geographic location as well as changing consumer preferences. Its strong brand and its scale can potentially position the company to gain market share from many local restaurants that will shut down as a result of the pandemic. McDonalds is also going digital in a major way and has a strong balance sheet to grow in the long-term.

The long-term monthly chart of McDonalds demonstrates an uptrend that began in 2015 and peaked out around mid-2019. The stock then re-tested its 2019 highs in February 2020 before falling significantly by almost 45%. During this fall, the price briefly broke the bottom trend line. In the following months, however, the stock bounced up from its bottom trend line and gained 55% from its March 2019 lows. During this advance, the price crossed an important support-resistance level at 173. The price now looks poised to test the 218-level. Stop loss for a long position can be placed below the 173-level which is likely to act as a support.

Data Explained

On the video and images above you will see the reason this stock was selected.

You will see the image is of a monthly chart of the stock showing the long-term upwards trend formed over the years. You will also see the entry point and the where the stop loss is placed. For more information please watch the video given.

Once it is time to move the original stop loss up you will see an additional image.

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