Technical Analysis

Longer Term Trading Plans for MCD

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short MCD slightly under 271.26, target n/a, stop loss @ 272.04 Details

The technical summary data is suggesting a short of MCD as it gets near 271.26, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 272.04. 271.26 is the first level of resistance above 264.95, and by rule, any test of resistance is a short signal. In this case, if resistance 271.26 is being tested, so a short signal would exist.

Swing Trading Plans for MCD

• Buy MCD slightly over 268.47, target 271.26, Stop Loss @ 267.69 Details

If 268.47 begins to break higher, the technical summary data tells us to buy MCD just over 268.47, with an upside target of 271.26. The data also tells us to set a stop loss @ 267.69 in case the stock turns against the trade. 268.47 is the first level of resistance above 264.95, and by rule, any break above resistance is a buy signal. In this case, 268.47, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MCD slightly near 268.47, target n/a, Stop Loss @ 269.25. Details

The technical summary data is suggesting a short of MCD if it tests 268.47 with a downside target of n/a. We should have a stop loss in place at 269.25 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 268.47, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for MCD

• Buy MCD slightly over 265.27, target 268.47, Stop Loss @ 264.65 Details

If 265.27 begins to break higher, the technical summary data tells us to buy MCD just over 265.27, with an upside target of 268.47. The data also tells us to set a stop loss @ 264.65 in case the stock turns against the trade. 265.27 is the first level of resistance above 264.95, and by rule, any break above resistance is a buy signal. In this case, 265.27, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MCD slightly near 265.27, target n/a, Stop Loss @ 265.89. Details

The technical summary data is suggesting a short of MCD if it tests 265.27 with a downside target of n/a. We should have a stop loss in place at 265.89 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 265.27, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

MCD Technical Summary | Raw Data for the Trading Plans