DOW JONES OVERVIEW: MCDONALDS IS FLAT LIKE ITS HAMBURGERS...
McDonalds trades flat both on long term and short term basis.
On long term perspective price is now in lateral range after it failed 10-year uptrend, by falling below 1st standard deviation from 10-year mean @ 100 (now the range upper border). The lower border of the macro lateral range is marked by 5-year mean, standing now at 92.5 - MCD has tested and held this level during the august selloff.
On short term basis price is now trading within 1st standard deviations from 1-year and quarterly means. As it can be seen on the chart - both channels are themselves lateral at the moment.
On long term perspective price is now in lateral range after it failed 10-year uptrend, by falling below 1st standard deviation from 10-year mean @ 100 (now the range upper border). The lower border of the macro lateral range is marked by 5-year mean, standing now at 92.5 - MCD has tested and held this level during the august selloff.
On short term basis price is now trading within 1st standard deviations from 1-year and quarterly means. As it can be seen on the chart - both channels are themselves lateral at the moment.
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