MCD has entered a bearish era. McDonald's has an uptrend of 124 days, a typical long-term uptrend lasts 90-120 days (average 108 days). Long uptrends tend to increase by 14 to 28% (with an average of 20%).
McDonald's Downtrends tend to last 90 to 167 days. Ranging from 11 to 18% loss (average about 16%)
McDonald's should reach 275 by September, long-term
Note: data collected from going back to 2023
Medium Term
Medium-term outlook for McDonald's, Using Data from the recent Uptrend of January. Medium Uptrends tend to last 1 day to 12 days ( average of 5 days) and percent increase ranging from 2 to 7 % (average of about 4%)
The length of the downtrend ranges from 2 to 8 days (average 5 days) and accounts for 2-3% of the total. Meaning McDonald's should reach the 307s ( or lower) range in the next week.
Tomorrow it should hit 307.5 and come back to 311
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.