Resistance

Daily

Time

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>QSR stock has shown a sharp correction in the past trading sessions.</a> </li> 
 <li> <span>2</span> <a>Buyers are looking for a bounce to retain the channel highs of $80.</a> </li> 
</ul> 
<p>Restaurant Brands International Inc. (QSR stock) is trading in an uptrend but noted a sharp fall and dragged toward the 200-day EMA, indicating selling pressure in the last sessions.&nbsp;</p> 
<p>However, QSR stock persists in trading inside the rising parallel channel, and the price is near the lower trendline expecting a bounce toward $80 in the upcoming sessions. Buyers are in a conservative state and stayed cautious due to the sharp correction toward the support zone near $70.</p> 
<p>The price action of QSR stock suggests that if the price manages to rebound, then a new higher high will form above $80, and the stock will resume the uptrend for the following sessions. Conversely, if the lower trendline breaks, a reversal can be seen, which will head toward the round mark of $50, but sellers have a challenge to break $65 to stretch the correction.</p> 
<p>However, the QSR chart structure does not indicate any follow on selling and maintains a positive outlook. Moreover, the trend is strong and favoring the bulls suggesting a bounce from the channel lows to retain the channel highs of $80 in the upcoming sessions.</p> 
<p>At press time, QSR stock price is trading at $69.34 with an intraday gain of 0.95%, suggesting the initiation of a bounce from the lower trendline on the charts. Moreover, the trading volume increased by 0.78% to 1.692 Million, and the market cap is $31.911 Billion. Furthermore, Analysts maintained a buy rating with a yearly<a href="https://www.thecoinrepublic.com/2023/07/19/qsr-stock-nyse-qsr-price-roadmap-to-three-digits-100/" rel="noopener noreferrer nofollow"> target price </a>of $80.92, suggesting a growth outlook for the upcoming sessions.</p> 
<p>Restaurant Brands International, Inc. is a holding company that engages in the operation of quick-service restaurants. It operates through the following segments: Tim Hortons, Burger King, and Popeyes.&nbsp;</p> 
<p>The Tim Hortons segment provides donut, coffee, and tea restaurant services. The Burger King segment manages fast-food hamburger restaurants. The Popeyes segment handles the chicken category of the quick service segment for the restaurant industry.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-qsr-stock-price-suggests-bounce-on-daily-charts-strong"><strong>QSR Stock Price Suggests Bounce On Daily Charts</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/XDF6RBngQTn1XwJJdJWi7NdqQqIM4vKhHIPdaTNpd6sXeQxxRjzdC5WyKK5dnhDRj5lO2ILSuKP14R6Kp0nPJxgfqS7lHnSCR6xY_XKFzQoeXF60X5tCzonBwGBQoVT-8G_tUevIclFmqk2TyIB3yUY" alt="QSR Stock Price Near 200 Day EMA, Is the Right Time To Buy?"> 
  <figcaption class="wp-element-caption">
    Source: QSR Stock Price Chart At TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>QSR stock price showed a sharp selling pressure from the channel highs near $80 and revisited the channel lows of $70. However, the chart structure favors the uptrend and signals a bounce to retain the bullishness.</p> 
<p>The RSI curve dragged toward the oversold region and suggested a rebound toward a 20-day EMA in the following sessions. Moreover, buyers have attained strength and are looking to initiate a fresh long buildup to retain the highs of $80.</p> 
<p>The MACD indicator showed a bearish crossover and formed red bars on the histogram showing selling pressure in the past sessions. However, the stock held gains near the channel lows and looked to form a higher high in the following sessions.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/07/19/qsr-stock-nyse-qsr-price-roadmap-to-three-digits-100/" rel="noopener noreferrer nofollow">QSR stock price</a> is trading near the strong support region at 200 days EMA and the lower trendline and expecting a bounce now. Moreover, the trend is strong; buyers have attained their strength and are looking to retain the swing of $80 in the following sessions.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels:</strong></h4> 
<p>Support Levels: $65 and $55</p> 
<p>Resistance Levels:$80 and $88</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

QSR Stock Price Near 200 Day EMA, Is the Right Time To Buy?

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