McDonald's Shares Plummet Under Seller Pressure

McDonald's Corporation shares continue to face pressure from sellers, with the stock trading near $236. The company's weekly forecast indicates a deep oversold condition, which could lead to further declines in the coming days.

The daily chart shows a firm downtrend, with momentum defined by a sustained move lower and a 7.69% volatility reading for the week. RSI stands deeply oversold at 24.72, and the MACD continues to point lower, both reinforcing the persistent downside pressure.

The nearest support is at $234.05, while resistance aligns with last week's high at $252.05 and the Ichimoku Kijun at $253.73. The expected range for next week is $228.44 to $244.53, with a 21% probability of an increase and a 79% probability of a decrease.