McDonalds Corp. stock trades under the ticker MCD & has shown recent bullishness that traders & investors should take a closer look into.
MCD stock closed at $237.06/share on 10/12/2022.
McDonalds Corp. MCD Stock’s Technical Performance Broken Down
MCD Stock Price: $237.06
10 Day Moving Average: $235.51
50 Day Moving Average: $252.04
200 Day Moving Average: $247.96
RSI: 39.54
MACD: -5.088
Yesterday, MCD stock completed a bullish MACD crossover, despite only closing up $0.01.
Recent volumes have been about average compared to the year prior, and their RSI is on the oversold side of neutral, signaling that there is likely more downward movement to come in the near-term, presenting new buying opportunities.
They have support at the $235.68 & $230.99/share price levels, as they try to break out above the $239.61, $239.95 & $241.04 resistance levels.
McDonalds Corp. MCD Stock As A Long-Term Investment
Long-term oriented investors will like MCD stock’s 29.19 P/E (ttm), but will be disappointed that they do not have a positive P/B (mrq).
They recently reported -2.9% Quarterly Revenue Growth Y-0-Y, with -46.5% Quarterly Revenue Growth Y-o-Y, which investors will want to take a closer look into.
Their balance sheet will also require an additional review before investment, with $1.94B in Total Cash (mrq) & $47.65B of Total Debt (mrq).
MCD stock pays a 2.29% dividend, which may not be sustainable in the long-run, with their 66.87% payout ratio (clues for how sustainable this will be may lie in their balance sheet).
69.74% of MCD stock’s outstanding share float is owned by institutional investors.
McDonalds Corp. MCD Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to profit from movements in MCD stock’s price, while hedging against market volatility.
I am looking at the contracts with the 10/21 expiration date.
The $235, $225 & $232.50 call options are all in-the-money, with the former having more open interest than the latter.
The $245, $240 & $237.50 puts are also all in-the-money, listed from most to least liquid strike.
Tying It All Together
MCD stock has many interesting characteristics that traders & investors should research further into.
Investors will like their dividend should it remain sustainable, along with their P/E (ttm).
Traders will like the liquidity of their options, as well as their recent technical performance amid volatile broader markets.
Overall, it is worth taking a closer look into MCD stock to see how it can fit into your portfolio strategy.
*** I DO NOT OWN SHARES OF MCD STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***