Nov. 14 at 11:17 PM
Market Context:
$MCD is currently trading at
$307.03, showing a neutral to slightly bearish sentiment as indicated by an RSI of 46.39, which is below the midpoint of 50. The stock is positioned between the 60D high of
$319.43 and the 60D low of
$292.04, suggesting a potential range-bound scenario.
Directional Bias: The price is above the 30-day moving average (MA30) of
$302.85 but below the 50-day moving average (MA50) of
$303.41. This indicates a lack of strong momentum. The RSI suggests that the stock is not overbought or oversold, reinforcing a neutral outlook.
Suggested Entry: Consider entering a long position at
$308.00, slightly above the last close, to confirm upward momentum.
Stop: Set a stop loss at
$302.00, below the MA30 for risk management.
Targets: Aim for a first target at
$315.00, near the midpoint of the 60D high, and a second target at
$320.00, aligning with the 60D high.
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