McDonald’s Corporation operates and franchises McDonald’s restaurants in the United States and internationally. Its restaurants offer various food products and beverages, as well as breakfast menu.
McDonald’s (NYSE: MCD) weekly timeframe price action and supply and demand analysis is telling us a few things. The coronavirus covid-19 pandemic helped price of the stock to drop to price levels that have not been visited since 2016, dropping about 43%. The sell-off stopped at $124 per share last 18th March 2020 and since then McDonald’s stock has been rallying with only a small retracement last 27th March 2020.
Bearish price action created on the way down is pretty weak, we are expecting McDonald’s stock to rally much higher and eliminated weak supply imbalance on the weekly timeframe. If we look back in time, the rearview mirror shows that McDonald’s weathered the 2008-2009 crisis like a champion. Price action is telling us that the stock will also weather the coronavirus crisis the same way it did back in 2008 by eliminating weak level around $191.
We have more stocks analysis to review on our shares market analysis page.
McDonald’s fast-food giant’s 2.8% yield isn’t setting any records. Even during the pandemic, shares have managed to hold up all right as its drive-thru business and high-quality, financially sound franchisees give shares some resiliency.
There will be buy opportunities on McDonald’s for short term and long term stock traders. Intraday stock traders have seen a few trading opportunities on McDonald’s on the way up and there will be more buying opportunities as price keeps on moving further north.
You can use these imbalances on McDonald’s stock to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name and it’s called the waiting game. We need to patiently wait for the correct scenarios and setups to happen and wait for the price to pull back or dip into the price levels we want to trade, in our case these price levels are made of supply and demand imbalances.
If you want to learn how to trade using our supply and demand trading strategy you can visit our online trading classes page.
There are several ways of buying stocks and futures. When trading stocks, you can buy shares of the underlying stock or use options strategies to go long or short at these specific supply and demand levels, long calls or long puts or spreads. You can even buy a CFD (contracts for difference) if you are in a country where it’s allowed.
Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Set and Forget, its employees, or fellow members. Futures, options, and spot currency and stocks trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex and futures markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell spot Forex, cfd's, stocks or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in Forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.