McDonald’s Corp. (NYSE:MCD) shares are climbing on Friday, sitting just above its 52-week low as the chart remains under pressure even with today’s move. Here’s what you need to know.
McDonald’s stock is showing upward movement. Why is MCD stock trading higher?
MCD’s Chart Is Doing the Talking, and It’s Not Small Talk
The bigger-picture setup remains heavy. Shares are trading below their 20-day, 50-day, 100-day and 200-day moving averages, and with the 50-day average still sitting beneath the 200-day, the death cross that formed back in May remains firmly intact. That kind of alignment has generally meant sellers step in whenever the stock tries to rally, keeping the broader trend under a cloud until it proves otherwise.
Momentum isn’t offering much encouragement either. Looking at MACD, the indicator sits below its signal line with a negative histogram, the classic sign that upward pressure is fading unless buyers can climb back above that baseline and hold their ground.
