$MCD Short Unhappy MealLook for an entry between 250-253
Approaching bullish trend resistance. Bearish Divergence on the Daily time frame.
Entry $252.25
TP 1 $248.24
TP 2 $246.15
TP 3 $242.40
MDO trade ideas
McDonalds - Dividend Aristocrat to Correct by 30%?Are we about to observe similar drop for the global giant McDonalds that we saw in 2020?
These are few points that may trigger it:
Fundamental indicators:
Recession - warning macro signals suggest that world economies are slowing down and recession is possible within a year, this may be reflected in the forecast of the company, like any other in S&P500
Eastern Europe conflict - suspension of business in Russia will certainly have an impact on earnings
P/E - is quite high at 25x and possible correction may let some steam out of the overpriced stock
Liabilities - rising against assets and equity which may be at uncomfortable levels for investors
Technically:
Since the significant drop we saw in 2020 there was a hype in the market linked to Fed 'money printing', however the bull run is difficult associate with an impulse. Hence this is a complex running correction forming with double zig-zags. And one of the distinctive points of this correction is that waves W and Y are very symmetrical and of the similar amplitude
The potential correction may be very rapid after the earnings report and reach levels of $190 to $170.
Alternative scenario - if the report comes out positive then wave X may continue extending and to update current highs before repeating this significant correction
What are your thoughts about this scenario?
Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves.
Thanks
McDonalds - MCD• Nice upside of the MCD in the last weeks.
• It looks like a flag formation beginning April at the 61.8% Fibonacci Retracement
• The gap before the flag formation showed a nice support at USD 242.95/244.77
• 50 MA is turning positive and will cross the 200 MA soon if the upside is continuing
• Outbreak of the flag formation was with higher volume which is supportive for the continuation
• Price target at around USD 280
• Let’s see if the price can break through the resistance of the 100 MA and the 76.4% Fibonacci Retracement in the next days
ABC BullishMCD fell from a head and shoulders top and price completed a bit more than 100% of the fall, but not much. Price is on the prior neckline which can serve as support.
Price hit C and appears to have bounced. ABC Bullish is a common pull back pattern and the target is D.
Targets in large type are targets 1. Small type is targets 2, if targets 1 are surpassed.
Possible stop under C or where you see support.
Long entry level can be paramount.
I bought this on the gap fill yesterday.
No recommendation.
It seems like Dividend stocks are the place to be as of late. During a depressed economy, real estate (XLRE), health care (XLV but in a rising wedge right now), (XHE) (XHS/pulling back right now), utilities (XLU/Overbought right now)(DUK, EIX FE etc). Sometimes materials do well during hard times (XLB) but not always, commodities, and Conglomerates or Stalwarts that folks know will not disappear during a recession. Consumer staples, (XLP) often outperform Consumer discretionary (XLY). I try to think "What are the goods people can not or will not go without?"
Examples of Stalwarts are PG, WMT, MCD etc. and are not what we think of as growth stocks as a rule, just reliable.
EPS (FWD)
9.99
PE (FWD)
24.70
Div Rate (FWD)
$5.52
Yield (FWD)
2.24%
Short Interest
0.81%
Market Cap
$185.34B
$MCD D$MCD on watch for this trendline. Previously broke down of the head and shoulders now retesting the neckline. Can we reclaim the uptrend or is this just a retest and head down again
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MCD LOVIN LONG$MCD kinda lovin it here. Had a nice close Friday and didnt explode too high yet after flagging on the daily/4hr chart. I expect to see another move higher in the next few days if we break above $240 towards the $250+ level. Hourly close above 240 send with SL 237.
McDonaldsMcDonalds 1H
Positive head and shoulders.
* Technical analysis, not technical recommendation
MCD to close all 850 locations inside RussiaIf you haven`t sold the forming of the Head and Shoulders bearish Chart Pattern:
Then you should know that McDonald’s owns around 84% of its 847 restaurants in Russia, which accounts for 9% of its total revenues and less than 3% of its operating income globally.
They will continue paying its 62,000 employees in Russia.
Considering the facts above, my buy area is around $212.
Looking forward to read your opinion about it.
Classic Head and Shoulder PatternHere we have a classic Head and Shoulder pattern. When the news surfaced that MacDonald's will close shop and still pay employees, there was already a tentative Head and Shoulder reversal pattern. Buyers got out taking profits and sellers got in riding the wave down. This is trading. There are always great opportunities even in the worst of times.
$MCD Support LevelsMcDonalds has been taking a beating over the war in Ukraine.
It's starting to look pretty good for a long term buy into the recovery that'll ensue when tensions start calming down. Last week we broke through support at 231 but bounced off support at 218. With the Russia exodus estimated to cost McDonald's 50 million a month, we could test previous support at 205 and 190.
Wait patiently for it to bottom out before making your entry. RSI is likely to hit oversold within the coming weeks if the selling continues.
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
$MCD - Almost back to pre-covid highMCD is not far from the precovid high. If we are expecting people to continue to be watching spending as costs go up, I would expect places like MCD to do better. Not sure exactly where the bottom is but I will probably play a bounce off that pre covid high.
Lower!We have now a beautiful Head & Shoulder formation (reversal pattern) and price has taken out the prior two Higher Lows ( when the trend was up) ! According to this pattern, price should be heading down to the 217 area at least over the next few weeks or months ! I will wait until that level is reached to decide for any long entry. Just my opinion :)
MCD - Trading setupI love this strong support breaking and going lower from here. If we can break this entry line we should drop to the 20EMA on the monthly for next support. Not a huge money maker trade, but a pretty safe one from the setup. Put options at the money are only about $500 so cheaper for the smaller accounts
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.
MCD looking to rebound off of 231 supportHad a major run up 12MAR21 and price has been steadily inclining since then until 7JAN. Since 7Jan it has dropped $40 and fell through all three SMA's (50/100/200).
50/100 about to cross signaling a downtrend.
- last time this happened was 28DEC20 resulting in a $13 downtrend over 3 months hugging the 200 SMA. It has a history of staying above the 200. Besides COVID March, the times it has dipped below it quickly found its way back. Friday resulted in a Green Hammer bouncing off the 231.41 support.
Negative Catalyst: Billionaire activist causing disruption within the company by nominating board members to support the kinder treatment of Pigs used for bacon at McDonalds eventually causing MCD to raise prices of its overpriced food. MCD had reported that disruption in its supply chain and the Omni virus have drastically impacted its expansion in the foreign market and sees no signs of getting past them. Wheat is expected to increase in price as the conflict in Ukraine continues. The grain shortage is affecting the cattle production has feed issues are surfacing. Feeder cattle sag to four-month lows.
$MCD on Support$MCD bounced off resistance turned support at 231. If the market gets more bearish and break support, we could see 200 pretty quickly.
MCD buymajore rejection of the support and resistance level with the creation of that green candle means a possible end of the down trend and a start of an up trend
$MCD with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $MCD after a Negative over reaction following its earnings release placing the stock in drift C.
