(Finance) – Positive session for McDonald’s which advances by 1.60%. celebrating the growing third quarter results thanks to the price increase.
“With system-wide global sales growth of 11%, our third quarter results reflect the our strong position as an industry leader – stated the CEO Chris Kempczinski – The macroeconomic environment is evolving in line with our expectations for the year and we have continued to deliver convenience and value to our customers.”
On a comparative level on a weekly basis, the trend of fast food giant highlights a more marked trend than the trendline of Dow Jones. This demonstrates the greater propensity of investors to buy towards McDonald’s compared to the index.
The general technical context highlights bearish implications that are strengthening for McDonald’s, with negative stresses such as to force levels towards the support area estimated at USD 256. Contrary to expectations, however, bullish pressures could push prices up to 262.3 where there is an important resistance level. The dominance of the bears fuels negative expectations for the next session with a potential target set at 252.1.