Not Lovin' It: McDonald's Stock Faces Bearish Headwinds Ahead Of Q2 Earnings
Portfolio Pulse from Surbhi Jain
McDonald's Corp (NYSE:MCD) is set to report its Q2 earnings on Monday, with Wall Street expecting $3.09 in EPS and $6.6 billion in revenues. The stock is currently exhibiting bearish signals, trading below key moving averages and showing strong selling pressure. Despite a consensus analyst rating of 'Buy' and a price target of $307.62, technical indicators suggest continued weakness ahead of the earnings release.
July 26, 2024 | 4:56 pm
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McDonald's stock is facing bearish signals ahead of its Q2 earnings report, trading below key moving averages and showing strong selling pressure. Despite a 'Buy' rating from analysts and a price target of $307.62, technical indicators suggest continued weakness.
The stock is trading below the 5-day, 20-day, and 50-day exponential moving averages, indicating strong selling pressure. The MACD and RSI also suggest bearish momentum. Despite a 'Buy' rating from analysts, the technical indicators point to continued weakness.
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IMPORTANCE 90
RELEVANCE 100