Markets

McDonald´s – Fresh potential released

Papers of the US fast food chain MC Donalds have reached another important milestone this week. With the help of the very strong performance on the stock exchanges, they were able to overcome a major hurdle on a larger scale and thus activate a follow-up purchase signal.

The security of MC Donalds in August 2019 at $ 221.93. A somewhat weaker trend phase then began, which culminated in the well-known Corona crash in March. However, the share recently recovered significantly from the lows of $ 124.23 and initially rose into the resistance area by $ 190.00. After a brief reset to $ 167.85 in May, bulls took the security away MC Donalds again, pushing it past the $ 190.00 mid-week hurdle. This means that there is now a classic follow-up purchase signal and can be followed up using appropriate instruments.

Weekly closing rate crucial

Despite all the euphoria, investors should still wait for solid weekly closing prices. This is the only way to increase the likelihood of moving above the $ 190.00 level to the next $ 200.00 target range, which could push the March highs of $ 207.16 higher. However, the upward movement is not expected to end until the overarching downward trend of $ 213.00. If the bullish market move this week turns out to be a false signal and the stock returns below the $ 186.10 level, investors should test the 50-day average (blue line) at currently 183.36 $ And possibly stop support at $ 178.70. Below that, a return to the May lows at $ 167.85 is very likely.

  • Resistances: 194.26; 195.74; 200.00; 202.64; 205.67; $ 207.16
  • Supports: 190.41; 188.09; 183.36; 180.00; 178.70; $ 174.71

MC Donalds in US dollars daily chart; 1 candle = 1 day (log. Candle chart)

Viewing period: 05.06.2019 – 04.06.2020. Historical considerations are not reliable indicators of future developments. Source: tradingdesk.onemarkets.de/underlying/US5801351017

MC Donalds in U.S. dollar in weekly chart; 1 candle = 1 week (log. Candle chart)

Viewing period: 01.06.2015 – 04.06.2020. Historical considerations are not reliable indicators of future developments. Source: tradingdesk.onemarkets.de/underlying/US5801351017

You will find leverage and investment products for speculation on an upward or downward movement or sideways movement of the share here. With the HVB Knock-Out-Trading Tool on Guidants you can find the right product for your trading strategy at the click of a mouse under risk-reward criteria. Try it!

NEW: Get a large part of your trading costs back! Place orders as usual through your broker or bank. Cashback via the free floribus app activate. Credit of up to 50 euros, per trade from 1,000 euros, takes place in a few days – up to a maximum of 250 euros per month. More information at: www.onemarkets.de/cashback

Please note the important information and the disclaimer.

This information does not constitute investment advice, but an advertisement. The public offer is made exclusively on the basis of a securities prospectus, which has been approved by the Federal Financial Supervisory Authority (“BaFin”). The approval of the prospectus is not to be understood as a recommendation to purchase these UniCredit Bank AG securities. The prospectus including any supplements are decisive and the Final Terms. It is recommended that you read these documents carefully before making any investment decision in order to fully understand the potential risks and opportunities when deciding to invest. You are about to purchase a product that is not easy and difficult to understand.

How the HVB products work

The contribution McDonald´s – fresh potential released first appeared on onemarket’s blog (HypoVereinsbank – UniCredit Bank AG).

Tags

Related Articles

Back to top button
Close
Close