MCD – Weekly – Correction Play

TradingView2026/05/10 16:42

By:TradingView

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Price is currently in a 20% correction from the $341 high, pulling back into a strong multi-tested horizontal support zone between $275. This area has historically acted as a major demand zone and aligns with the bullish chart structure. Fundamentals confirm the thesis — Q1 2026 beat on both EPS ($2.83 vs $2.74 est.) and revenue ($6.52B), with a 46% operating margin. The trade targets a recovery toward TP1 at $319 and TP2 at $341, with the stop below structure at $265. Analyst consensus of 54 Wall Street analysts supports a median target of $354, giving this setup a strong risk/reward ratio. Main risk is a weak Q2 print, as management already warned of a sales deceleration due to consumer pressure.

Currently planning to buy and slowly to add this stock.

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MCD – Weekly – Correction Play

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