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.
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 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.
InvenSense Technical Analysis Chart by amigobulls.com