United

Million

Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>MCD stock price has rebounded and retained the support zone of $250.</a></li>
 <li><span>2</span> <a>Buyers are trying to flip the trend and are looking to reach the 100 day EMA.</a></li>
</ul>
<p>McDonald’s Corporation (NYSE: MCD) MCD share price has shown a fake breakdown and retained the round mark of $250 and initiated a rebound. Furthermore, the price action shows buyer accumulation and has succeeded in holding the round mark of $250, trapping the sellers. Moreover, the chart shows that MCD stock has surpassed the 20 day EMA hurdle and is exceeding the resistance of $250 indicating that buyers have gained strength.</p>
<p>Recently, MCD stock has shown a correction from the highs of $300 and has retested the swing zone of $250.</p>
<p>MCD stock price has surpassed the immediate resistance of $255 and is heading toward the 50 day EMA spot near $265 which will soon be retested in the upcoming sessions. The options chain shows, at the strike price of $255, a massive open interest of 468 hundred shares on the call side, whereas 320 hundred shares on the put side shows short covering action.</p>
<p>At press time, MCD stock price is trading at $258.11 with an intraday drop of 0.10% showing neutrality on the charts. Moreover, the trading volume increased by 0.24% to 3.80 Million while the market cap is $188.101 Billion. Furthermore, analysts have maintained a buy rating with a yearly target price of $315.58, suggesting a growth outlook.</p>
<p>McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K. The International Developmental Licensed Markets and Corporate segment consists of developmental licensee and affiliate markets in the McDonald’s system.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-will-mcd-stock-continue-to-extend-gains-strong"><strong>Will MCD Stock Continue to Extend Gains?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh3.googleusercontent.com/pqSuHf9pibAS8SGQd-iyjknnLL5aGWzAfnVx-xzX3msPIm3mIhsx_6pJ7J9NEVqFhTrNDbqiOstQvr0iFyhWAO8ajqCNj7e23og2ccPtXc_YuuiI8fBoUp8svLnOZSnFUmxil8ZxpaEVrO0j4JSqDMg" alt="MCD Stock (NYSE: MCD) Price Retained $250, Are Sellers Trapped?">
  <figcaption class="wp-element-caption">
   Source: MCD Stock Price Chart At TradingView
  </figcaption>
 </figure>
</div>
<p>On the daily chart, <a href="https://www.thecoinrepublic.com/2023/10/07/mcd-stock-nyse-mcd-price-falls-will-mcd-retest-200/" rel="noopener noreferrer nofollow">MCD </a>stock price is above the 20 day EMA and is showing buyers accumulation. It is heading toward the barrier near $265. Furthermore, the MCD stock has retained the 38.2% Fibonacci retracement zone and is close to the mid bollinger band. However, bulls need to sustain above the 20 day EMA to extend the rebound, otherwise retracement may be seen.</p>
<p>The RSI curve is near neutrality and is showing a bullish divergence indicating a positive outlook. MACD shows a bullish crossover and green bars on the histogram suggesting that follow on buying will continue.</p>
<h4 class="wp-block-heading"><strong>Summary&nbsp;</strong></h4>
<p>MCD stock price is close to the 20 day EMA and has rebounded. Moreover, the price action has witnessed the short covering move and is suggesting that follow on buying could be seen. Amid the correction from the highs of $300, MCD stock managed to hold at the round mark of $250 and showed a rebound.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p>Support Levels: $250 and $245</p>
<p>Resistance Levels: $265 and $280</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

MCD Stock (NYSE: MCD) Price Retained $250, Are Sellers Trapped?

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Thecoinrepublic.com

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