McDonald's Stock Has a Big Two Weeks Ahead

MCD is trying to finish 2022 in the black

facebook twitter linkedin

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.


Now is the time to join our thriving community of Event Traders who consistently profit from every earnings season. With this discounted subscription opportunity, you'll stay ahead of the curve and seize opportunities others miss. Do not let Q3 earnings season pass you by – subscribe now and supercharge your portfolio with expert insights that turn market reactions into profit-generating opportunities!! Don't waste another second... join us right now before the next trade targeting +200% is released!