Technical Analysis Of McDonalds,IBM And InvenSense

McDonalds Stock Technical Analysis

NOTE: This Technical Analysis is Based on Closing Price on February 18th. For latest McDonalds Technical Analysis Chart see here.

McDonald (NYSE:MCD) stock price is currently in an uptrend. The stock has formed an inverse head and shoulders pattern. The pattern had started forming towards the very end of September and continued throughout January. While there had been multiple pull backs in the right arm of the right side shoulder, the stock price is likely to continue on its northward march for some time now. The stock will face resistance at upper gap level of $96.3.  The MACD is currently above zero, indicating a bullish phase for the stock.
MCD Technical chart
McDonalds Technical Analysis Chart by amigobulls.com

IBM stock Technical Analysis: Double Bottom Forming

NOTE: This Technical Analysis is Based on Closing Price on February 18th. For latest IBM Technical Analysis Chart see here.

IBM (NYSE:IBM) stock price has crossed over the 50 day EMA and is approaching 100 day EMA line. The stock has formed a double bottom pattern indicating a bullish trend. The pattern had started forming in the beginning of December. While the first bottom was complete by December 22nd, the second bottom took a while to form.  The MACD also brings positive news for the stock price. The MACD line has crossed above the zero centerline, signaling a bullish trend. While the stock price has hit the upper Bollinger band, RSI is still below the overbought threshold, indicating that the stock still has momentum left in it to continue its upward journey.
IBM Technical chart
IBM Technical by amigobulls.com

InvenSense Stock Technical Analysis

NOTE: This Technical Analysis is Based on Closing Price on February 18th. For latest InvenSense Technical Analysis Chart see here.

InvenSense (NYSE:INVN) stock price is testing the 20 day and 50 day SMA. The stock had recently broken above the moving averages. However, the stock has not been able to sustain the momentum and has fallen back to the 50 day SMA level. While the MACD is still marginally above the zero centerline (0.08), it has been falling.
INVN Technical chart
InvenSense Technical Analysis Chart by amigobulls.com

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Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a certified/registered investment advisor, and the opinions expressed should not be treated as investment advice. Buying and selling of securities carries the risk of monetary losses. Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions. Neither Amigobulls, nor the author have any business relationship with any of the companies covered in this post.

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Comments on this article and MCD stock

krupakar
bullish
Hello Kumar Abhishek in our Security Analysis programme we are learning about Elliot wave. Did you observe Elliot wave formation in the recent past for any stock? It will be of immense help for my assignment.
3 reply
Do share this awesome post