McDonald's (MCD) Stock Trades Below $300McDonald's (MCD) Stock Trades Below $300 Ahead of Earnings Report
The $300 level has proven psychologically significant for McDonald’s (MCD) stock:
→ In summer 2023, bullish investors failed to push the price above this mark, leading to a decline from $298 in July to $246 by October.
→ Again, in January 2024, the price briefly surpassed $300 but quickly dropped, eventually falling to $245 by July.
This autumn, it appeared the level had been breached when an uptrend (highlighted by the blue channel) lifted MCD above $315. However, reports of customer food poisoning incidents hit the news, causing MCD’s stock to plummet to $295 on October 23, making the orange channel more prominent in the technical analysis.
Analysts have subsequently downgraded McDonald’s ratings:
→ Guggenheim’s Gregory Frankfort downgraded MCD from “Buy” to “Neutral” on October 23, setting a target price of $285.
→ Baird’s David Tarantino followed suit, lowering his rating from “Outperform” to “Neutral” and adjusting his price target from $320 to $290.
Will MCD stock be able to reclaim the $300 mark? Much hinges on the company’s earnings report due out today, with analysts forecasting:
→ Quarterly earnings of $3.20 per share, a slight rise from last year’s $3.19 per share.
→ Quarterly revenue at $6.82 billion.
If investors react negatively to the report, it could push MCD below the critical $300 level and trigger a bearish break in the uptrend established since July.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Macdonalds
McDonald's Share Price Rises Despite Disappointing ReportMcDonald's Share Price Rises Despite Disappointing Report
On Monday, before the start of regular trading, McDonald's reported its second-quarter results:
→ Earnings per share: actual = $2.97, expected = $3.07;
→ Gross revenue: actual = $6.49 billion, expected = $6.62 billion;
→ Net profit for the quarter was $2.02 billion, 12% less than the previous year.
The company's management notes that consumers are limiting spending. CEO Chris Kempczinski mentioned that customers are buying fewer items per visit or opting for cheaper products. Many people prefer dining at home, a trend consistent across various regions of the world.
Nonetheless, McDonald's share price rose by 3.7% on Monday's trading, making it the leader of the day among Dow Jones stocks. Investors were encouraged by the following:
→ McDonald's maintains its overall forecast for new stores, capital expenditures, and operating margin for the year, whereas, for example, the Domino's Pizza chain announced it would reduce the number of new openings worldwide;
→ McDonald's is seeking ways to boost sales, such as the $5 combo meal. Initially launched for just a month, this promotion has been extended through the end of summer.
From a technical analysis perspective, McDonald's shares present concerns:
→ The upward trend (shown in blue), which had been in place for many months, has been broken – the price forcefully breached the lower boundary in May;
→ However, bulls may find hope in the fact that when the price dropped below the 2023 low of around $246 in mid-July, no further bearish momentum followed – a false bearish breakout of an important extremum formed on the chart.
But how optimistic can the prospects be?
Jefferies analysts maintain a "buy" rating for McDonald's shares, though they have lowered the target price from $320.00 to $310.00.
A significant obstacle to the rise in MCD share price is the resistance block formed by the lower boundary of the channel (as former support) and the $265 level.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Why I Buy MacDonalds With Both HandsMCD tanked impressively lately.
I had no clue why.
Then I checked the News, which I very rarely do.
There was one article that made absolutely no sense to me:
"Concerns about weight-loss drugs:
There are some concerns that the growing popularity of weight-loss drugs, such as Ozempic and Wegovy, could take away demand from food companies like McDonald's."
To me, this writer has inverse Logic.
Why?
Because if I would love the (crappy) MCD Food, and I could just take a Pill and loose weight, I would probably eat more at MCD.
However, I buy with both hands since MCD is a the Center-Line of this Pull-Back Fork, as soon I have some indication.
(Heads Up: Earnings ahead!)
And remember: You can buy, even when you sell (...hint: Puts). It's the Buffet way. If price close in the money at end of DTE, you got the Put's premium, AND the Stock for a way cheaper price. If price is closing out of the money after DTE, you keep the premium....double Whopper §8-)
Away for a healthy Burger at $MyOneKitchen.
McDonald's:A Promising Investment Option Amidst Economy DownturnThe nation's slow economic growth rate of 1.1% in the first quarter and increasing interest rates and spending cutbacks indicate that a recession may be inevitable. Nevertheless, McDonald's appears to be a resilient company that can withstand the economic downturn. Despite price hikes, the fast-food giant has demonstrated strong sales, making it a worthy addition to any investment portfolio.
McDonald's impressive same-store sales growth rate of 12.6% during Q1 2023 indicates robust demand. Even during the Great Recession, the company outperformed the S&P 500 and earned positive returns. While the company's shares are currently trading at a high earnings multiple, its cost-cutting efforts and potential future earnings growth suggest that the stock may still prove to be an excellent long-term investment option. Additionally, McDonald's dividend provides a reliable source of recurring cash flow for investors. Overall, McDonald's stock may be one of the most promising investment opportunities during a recession.
BREAKING: Bitcoin new pattern detected!This pattern was approved by Michael Saylor and Nayib Bukele! :) (Proofs: twitter.com twitter.com).
More seriously, it can occurs because of theses factors already said in my previous analyse:
* governments, if they don't ban, they want to regulate crypto market very soon and if it happens retailers will panic sell, tether will collapse as it is a scam. Many politics already talked about USDT.
* several ETF were rejected by SEC and not looking to be accepted soon.
* Big CEO are selling their stocks ( Elon Musk , Sergey Brin, Larry Page, Bill Gates,...)
* The global economy looking bad despite printed dollars.
* SEC will rise interest rates in march which will push investors to exit risky assets like crypto
* Many are talking about bitcoin as a protection from inflation but if you bought it in November, you have already lost 40% of your capital. Can dollar do that?
* The volume is still decreasing and there is no buyers. Who will buy? Institutions? USDT cannot be printed indefinitely.
* The market is still over leveraged
* Too many moon boys.
* Retailers get rekt.
* ...
Takeaway (TKWY) bullish scenario:The technical figure Triangle can be found in the Dutch company Just Eat Takeaway.com N.V. (TKWY.as) at daily chart. Just Eat Takeaway.com N.V. is a Dutch multinational online food ordering and delivery company based in Amsterdam, Netherlands. It is the parent company of brands including Takeaway.com, Just Eat, SkipTheDishes, Grubhub, and Menulog. Just Eat Takeaway operate various food ordering and delivery platforms, where customers can order food online from restaurants’ menus, and have it delivered by restaurant or company couriers directly to their home or workplace using an app or website. The Triangle has broken through the resistance line on 02/04/2022, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 7 days towards 40.000 EUR. Your stop-loss order according to experts should be placed at 30.705 EUR if you decide to enter this position.
Just Eat Takeaway.com N.V. and McDonald's Corp have entered into a global strategic partnership to support the McDelivery business. The financial terms of the arrangement were not disclosed. Just Eat Takeaway.com's geographic coverage, food-delivery marketplace, and 500,000 couriers worldwide support its delivery partners, such as McDonald's. The partnership will elevate local partnerships between the parties, reducing complexity to innovate at scale and improve operational efficiency.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Shorting Miccy D's. MCDIndeed.
Immediate targets 238, 234. Invalidation 264.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
looking for follow through on bounce (MCD)i like trading this stock for a lot of reasons. the big mac of these trades is an oversold bounce. unless they ditch the quarter pounder and start selling pepsi i dont see why this corporation should sell their stock. cumulatively we have a lot of longs still in the game, and if shorts conti ue covering this will attract buys.
McDONALDS:FUNDAMENTAL ANALYSIS+PRICE ACTION & NEXT TARGET|LONG🔔There was perhaps no greater source of criticism against McDonald's for missing out on the opportunity to brag about chicken sandwiches than its own franchise owners, but after the fast-food giant's second-quarter earnings report, they should feel like masters of the situation.
McDonald's reported sales and revenue that exceeded Wall Street expectations, thanks in large part to the success of the three chicken sandwiches it launched in February. The company saw double-digit growth in comparable sales in the U.S., not only from the pandemic recession but also on a two-year basis.
The fast-food chain may have been too late to enter the chicken sandwich war, but it is quickly making up for a lost time.
When McDonald's finally entered the fray, there was every reason to believe that its impact would be marginal. Popeyes Louisiana Kitchen had a good 18-month head start on its competitor, and other fast-food and fast-casual chains followed suit to join what was becoming a cultural phenomenon. Even chicken king Chick-fil-A perfected its chicken sandwich to stay relevant.
Nevertheless, McDonald's persisted, seemingly oblivious to what was happening around it, but taking fading fire from its franchise owners, who began to act to develop their sandwich.
They saw that they were losing customers, and they needed to add something to their menu to generate buzz.
That's why launching a corporate-backed three chicken sandwich initiative had all the hallmarks of being too little and too late. Nevertheless, it turned out to be exactly what McDonald's customers were looking for.
Mobile location data from analytics company Placer.ai showed that consumers rushed to McDonald's literally at a moment's notice. She noted that on the day sandwiches appeared on the menu, foot traffic at McDonald's restaurants was up 19 percent from a year earlier, and there was an increase in the days that followed.
Keep in mind that these numbers were compared to attendance rates before the pandemic led to the eventual closure of the restaurants' dining rooms. That said, the growth was even well above 2019 levels.
Placer.ai Vice President of Marketing Ethan Chernofsky said: "The launch was so significant that it fundamentally changed the trajectory of McDonald's.
While it helped lift first-quarter results at the time, it's clear that the second quarter has paid off as well. McDonald's sales figures were up 26 percent from a year ago and 15 percent from two years ago.
McDonald's really hit a marketing extravaganza this past quarter. In addition to the fact that the chicken sandwiches resonated with consumers, the company also had a big hit with its chicken nuggets promotion featuring BTS, the South Korean K-pop (or Korean pop) boy band.
The company also experienced a significant rebound globally, with sales growth of 2.6% in international markets. The growth was more modest than in the U.S., as many overseas markets still face tight COVID-19 restrictions.
However, McDonald's is not stopping there. Building on its partnership with BTS, Travis Scott, and J Balvin, the company announced a new celebrity pairing, this time with rapper Saweetie. The company will introduce the "Saweetie Meal," which includes a Big Mac, chicken nuggets, fries, a drink, and sauces, including Saweetie and Sour Sauce.
McDonald's may not be about to ruin the feathers of leaders Popeyes and Chick-fil-A just yet, as both chains, according to Placer.ai, have seen an increase in traffic themselves. But now, at least, it has a fighting chance. With the recent release of its own Ch'King chicken sandwich by Popeyes, a sister chain of Burger King, the sibling rivalry from Restaurant Brands International could go in McDonald's favor.
Until the company introduced its new chicken sandwiches, McDonald's stock was up much less. Since March, however, the company's stock is up about 20 percent, and the restaurant's stock is now looking better than it has in a long time.
Focusing on its core menu, giving customers and franchise owners the food they want, and smart partnerships have put McDonald's back on top.
Here is why buying McDonalds is a good idea.A lower degree abc is completed which is the B wave of a higher degree ABC. After the completion of the ABC corrective structure we expect the next impulse up. I will keep updating this chart if necessary. Comment, like follow for more accurate ideas. Thank you.
MACDONALDS CORP DL Good Entry Buy I am a consultant for anyone who needs a consultant, I see that MACDONALDS Corp will GO UP IN FEW DAYS when the market open
1, When you decide to use my ideas in your trading, please contact me to inform you of some things and monitor the position together without specifying a take profit or stop loss, we will decide when to open and close the position
2 (When I set the take profit and stop loss in a number that does not mean that the price will reach it, I gave a buy or sell signal only according to the analyzes I made in the chart and delete it later, in the order to share it with you so that you have a clear picture and read it clearly, thank you!)
3, you can try me for one or two weeks to decide to work with you and give you signals about buying or selling
A filtered MACD strategy on the 1 hour chartA 1 hour chart strategy. Presented to you.
When:
- The price is above the 4 hours 100-EMA
- The MACD & Signal(5) lines are below zero
- The MACD (blue) crosses above the Signal (red) line
We buy
When:
- The price is below the 4 hours 100-EMA
- The MACD & Signal(5) lines are above zero
- The MACD (blue) crosses below the Signal (red) line
We sell
To keep in mind:
Specific to EURUSD (but it's almost the same thing with most major pairs that all have the same average true ranges):
Stops are supposed to range from 15 to 40 points, with targets 30 to 80.
The daily ATR ranging from 50 to 150 points.
Anything below 30 pts target is starting to be too small and above 80 points it is too big we're not thinking intraday here.
A quick backtest on EURUSD
And that's already 21 trades for the EURUSD with a winrate of 52.4%, plus the title 5 setups that were a bit cherry picked I won't lie. I didn't even cherry pick them I got lucky on my first try (I thought I was continuing my backtest in July 2017 didn't realize it was on 2020) but I wouldn't expect an 80% winrate in general.
EURUSD: 11 Wins. 10 Loss. 1:2 risk to reward. 52.4% winrate.
Next is GBPUSD
And here is another batch of 21 which is a good sample size.
GBPUSD: 12 Wins. 9 Loss. 1:2 risk to reward. 57.1% winrate.
It is important to zoom out (I know no one does it). A look at the daily chart.
Just going to check quickly because it is getting boring. Should have taken the 5 minutes to make a script to filter this but I'm in too deep to go back now.
And I just noticed I have been backtesting GBPUSD with the 200 EMA. Well nevermind, it is the same thing. Result wouldn't change much.
And here I made the whole box. 12 Wins 19 Loss. Still a winrate of 38.7%.
I can go for worse ones
How about the recent EURUSD price action?
37.5% winrate
If you think it gets immediatly better, here are the next ones:
The findings:
- When the conditions are good it won 55% of the time
- When the conditions are average it won 38% of the time
- When the conditions are bad (range plenty of false trends) it won 10% of the time
With a RR of 2 the breakeven winrate is 33.33%
But we have to include spreads. This strategy goes a bit further than "day trading" so stops and targets are quite wide.
The typical stop/target is something like 25/50 (for EURUSD), the spread is 1 point. Other pairs of course are a bit more expensive.
50/25 = 2
49/26 = 1.88 breakeven winrate = 34.72%
(10+38+55)/3 = 34.33% 🤔 ... Interesting coincidence...
If the risk reward on average is of 1.88 and the winrate is 38% then the profit factor is 38*1.88/62 = 1.15 which is not very high but if the strategy takes a whole lot of small trades it is ok.
The few cases I looked at prove nothing, this might have a blind winrate of 50%, 20%, or 33.33% (most likely).
I don't know how to backtest with tools maybe I should learn so I can clic and let it execute for me... Stay tuned for a tutorial! :D
You would have to execute this strategy when you think the price will trend. But not a very strong trend or there will never be a signal.
An average or weak one, or something that contains trends, like what I have shown and backtested 3 times.
So this means you'd still have to make a directional bet. There is no escape. Sorry no magic trick to avoid it.
A directional bet on the price or on the volatility itself, the trends...
Once you make your directional bet, what is the advantage of day trading with a macd strategy over just taking the trade and holding?
The power of compounding.
Here someone made a backtest on the daily chart for the S&P500, the strategy took 500 trades with a profit factor of 1.2 and returned 95%!
Without counting any spread/commissions. And just holding the S&P during the same period returned 151%. Amazing.
Then what is it that gets compounded with technical day trading? Easy. Losses & costs. Also causes to miss out when right about the direction.
Lots of inconvenients, and no advantages. Sounds amazing. The power of COMPOUNDING™.
Ye I'm not sold. There might be a tiny edge but it's just so worthless. Picking pennies...
Got to imagine the amount of desperation to make any profit anyone would have to try that.
And they'd probably end up losing. Why did I waste my time?
MacDonald's 1D Bull Flag Short TradeBull Flag is a Range pattern and they are a repeatable trading chart pattern.
Bull Flag Range chart pattern will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of the average volume for a full position size.
b - If 75% of average volume then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
2 - Enter two trades.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
Will McDonalds continiue it's uptrendHi Traders
On the weekly timeframe The Hitman Indicator showed a Buy Print last week. Let's check what could happen the next few weeks with this stock.
As you can see on the chart, the stock seems to jump off the area around EMA55 (the pink line) in its upward swings. The Hitman supports this with a buy-signal. So where could we expect it to go? To try to answer this question, I drew a Trend Based Fib Extension. I usually target the 1.272 line (Price: 229.80) with the Fib Extension. This would be roughly a 12% gain. I would also consider to take some profits out at the 1-line (Price: 218.77), just because we are in All-time high regions.