McDonald's Stock Has a Big Two Weeks Ahead

MCD is trying to finish 2022 in the black

Dec 14, 2022 at 2:59 PM

Back in September, McDonald's Corp (NYSE:MCD) was flagged by our quantitative researchers for being near a historically bullish trendline. That "buy the dip" blog post proved prophetic, with MCD gapping higher in late October and scoring a record high of $281.67 on Nov. 10. With two weeks left in 2022, what's the Dow stock's technical setup looking like?

Looking at the chart below, McDonald's stock has formed a nice little bull flag pattern, with support below at its 40-day moving average. Barely above its year-to-date breakeven level, MCD's fight to topple this psychologically-significant level by New Years.

MCD Stock Chart

Options premium is affordably priced at the moment, per MCD's Schaeffer's Volatility Index (SVI) of 17% that sits in the 18th percentile of its annual range.

Follow @Schaeffers

Same-Day Trading Power: +227% YTD and Counting — Get in for $10!

We're celebrating 44 years of helping traders win, and you can now tap into one of our most explosive services — Dynamite Day Trading Signals — for just $10.

This service was built for one thing: capturing intraday gains with precision.

Access two highly-vetted options trades each week - Complete with defined entries, exits, and a clear plan for same-day profits.

👉 Click Here to Learn More and Position Yourself to Take Action When the Next Alert Hits.