That would be the 4th touch, but who knows? :-) That's my first post, thus I can't attach the chart, but check out the monthly chart starting from 2013.
Legendary American fast-food chain McDonald's NYSE:MCD will release its fourth-quarter results Monday (Feb. 10). What does technical and fundamental analysis say about whether MCD stockholders will deserve a break that day? Let’s see: McDonald’s Fundamental Analysis As I write this, analysts expect the "Golden Arches" to post $2.86 in adjusted earnings per share for the quarter on roughly $6.5 billion of revenue. Those numbers, if realized, would compare to $2.95 in adjusted EPS on $6.4 billion in revenue for the year-ago period. That would represent sales growth of only 1%, so analysts aren’t really expecting much. In fact, 17 of the 31 sell-side analysts that I found that cover the stock have cut their earnings estimates since the current quarter began, while none have revised their forecasts higher. Still, Wall Street might watch more closely this time around at McDonald’s comparable-store sales, which have sagged of late. Total comparable sales fell 1.5% year over year during the third quarter, and that came after a 1% y/y decline in the second quarter. Hmm ... two successive quarters of negative comp-sales growth after going years without seeing any kind of quarterly contraction. The blame? International markets have turned on McDonald's. Performance outside of the United States has been far worse than domestic performance has been. That hasn’t helped MCD’s stock price, which has surrendered about 9% of its value since peaking in mid-October just ahead of the third-quarter earnings release. McDonald’s Technical Analysis But what if Mickey D's posts positive fourth-quarter comp-sales growth next week? I mean, I don't have a tip on this, but the stock’s chart as of Wednesday afternoon (Feb. 5) was showing a technical set-up for a positive surprise: https://www.tradingview.com/x/oCdiZ40p/ Readers will see that MCD is trying to break out of a so-called “falling wedge” pattern, which is historically a pattern of bullish reversal. What we see above is that the shares have found help close to $280.40, marked by the middle gray horizontal line above. (MCD closed at $294.36 Thursday.) That’s the 50% retracement level of McDonald’s late-June through mid-October rally, which was running along what was at the time the stock's 200-day Simple Moving Average (or “SMA,” marked with a red line above). Meanwhile, McDonald’s 50-day SMA (the blue line above) has acted as resistance for the stock, with a $291 pivot point. But look to the left of the recent action and what do we see? An unfilled gap that would require a tick at $313 or above in order to completely fill it in. You know what they say about unfilled gaps, right? “They don't always fill -- but they usually do.” Looking elsewhere on the above chart, there’s nothing to be discerned from the Relative Strength Index (above the chart), which is neutral. However, look at the daily Moving Average Convergence Divergence indicator (MACD) at the bottom of the above chart. No, it's not postured bullishly -- at least not yet. But the histogram of the 9-day Exponential Moving Average (or “EMA,” marked with blue bars) is above zero, while the 12-day EMA (the black line) is above the 26-day EMA (the gold line). Those two lines just have to get themselves above zero for this set-up to look truly bullish. The Bottom Line While nothing is certain, the chart above does suggest that McDonald’s could be ready to make a move -- potentially upward. (Moomoo Technologies Inc. Markets Commentator Stephen “Sarge” Guilfoyle had no position in MCD at the time of writing this column.) This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. 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S is acting as a shitcoin,I dont know why the creators are not eager to support the projects chart? Even shitcoins act very better than S on chart!
NVDA appears to be rejecter at minor resistance zone. Can go down or sideways within some corridor.
Dear All As you can see, on Thursday 1270 is broken down. this is a very bearish sign. However, on Friday, it is also highly rejected at this level. So, no clear decision is to be made of. range 1250- 1290 is the sideway where you should follow if any is broken. Best of luck TraderPP
XRP is currently holding at a key trendline support within an ascending channel. This level has acted as strong support in the past, and if it holds, we could see a potential bounce. Support Zone: XRP is testing the lower trendline support, aligning with the 200 EMA. Potential Rebound: If price holds this level, we may see a bounce towards the next resistance at $2.71 (0.236 Fib level). Breakdown Risk: A breakdown below this trendline support could trigger further downside, targeting the $1.95 zone. Monitoring how XRP reacts at this support will be crucial for the next move. #XRP #Crypto
#tether #usdt dominance chart the #usdtd looks bullish and may aid the wick it left upside. Bullish CRYPTOCAP:USDT dominance is bearish for #altcoins and #btc
Waste Management is all about taking care of trash and making the environment a little bit cleaner. They're a big company with several different parts: * They collect and dispose of waste on the East Coast and in Canada. * They do the same thing on the West Coast and in parts of Canada. * They sort through trash to find useful materials like metal and glass. * They make energy from the gas that comes out of landfills. * They handle all the behind-the-scenes stuff, like running the company's office. They've been around since 1987 and are based in Houston, Texas.
COINBASE:BERAUSDC was listed on Coinbase about 24hrs ago, and appears to be off to a strong start after jumping to $14 during very early trading. Looks like a good trader found at least +100% (or better) trade in those first minutes of the listing. https://www.ccn.com/analysis/crypto/berachain-bera-mainnet-debuts-airdrop-price-drops https://cointelegraph.com/news/berachain-632-million-bera-airdrop-mainnet-launch Lucky market watchers may also find themselves with some extra BERA in the airdrop! Can BERA reclaim support above $15?? As with many new listings, expect market volatility, and potential big gains...
US Dollar strong despite weak NFP due to low Fed rate cut expectations, supported by strong labor market.