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Barchart
Barchart
Jim Van Meerten

McDonald’s Stock Could Be Bottoming, Creating a Contrarian Bet for Long-Term Investors

MCD McDonald Barchart
  • McDonald’s (MCD) shares have established a firming technical floor around the $275-$280 range following a period of consolidation.
  • The stock currently carries a 100% “Sell” overall technical opinion from Barchart. This is understandable given the stock’s fall from grace, down from the $340 area just three months ago.
  • Technical momentum has turned constructive, with shares fighting to break above the 20-day moving average.
  • Despite lagging the broader indexes, the stock’s defensive structure above its $272 52-week low offers a clean risk-managed setup for accumulation.

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