McDonald’s (MCD) enters the second quarter with steady momentum as the stock trades near 307. Moreover, recent performance shows resilient demand despite a slower consumer environment. However, investors still want stronger comparable sales before supporting a sustained breakout. Therefore, the 320 level remains the key resistance for confirming a broader bullish continuation.
Looking ahead, analysts expect moderate revenue growth supported by digital expansion and stable margins. Additionally, the company benefits from consistent global traffic, which strengthens the quarterly outlook. Consequently, price action may push toward 340 if market conditions remain favorable. Ultimately, the trend stays constructive while the stock holds above the 300-support zone.
Elliott Wave Outlook: McDonald’s MCD Weekly Chart December 2025
After several months, MCD prices action stayed stable without meaningful variation. Consequently, this stability suggested the market was forming a triangle or a bullish nest. We adopted the triangle scenario because we believed the April 2025 cycle was nearly complete. If this view was correct, it would deliver a correction shown on the chart as wave ((2)).
Meanwhile, we looked for one more high to complete wave ((1)), so price needed to hold above 283.63. This level supported our primary idea of targeting another high near 336.36. Finally, we monitored the market for a bearish reaction that could signal the end of wave ((1)) and the start of a possible correction.
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Elliott Wave Principle Behind the Market Structure
Impulse
An impulse is a clean 5‑wave pattern that drives the trend forward.
- Waves 1‑3‑5 are strong and directional.
- No overlap between waves 1 and 4.
- Wave 3 is usually the strongest.
- Structure is clear, with increasing momentum.
Elliott Wave Outlook: McDonald’s MCD Weekly Chart April 2026
In our latest update, McDonald’s Corporation (MCD) made a higher high and completed the leading diagonal, then pulled back as expected, confirming the initial corrective phase. However, the correction still appears incomplete, suggesting further downside is likely, and therefore we expect price to continue declining before the structure is fully resolved. Specifically, the correction could extend into the 292.59–280.99 zone, where wave ((2)) should complete before the trend resumes.
After that, the broader bullish cycle is expected to resume, but for now we must remain patient and disciplined in our approach. We should wait for buying opportunities within the projected support zone and let the market come to us instead of forcing entries prematurely. At this stage, we should avoid both buying and selling positions, and we will reassess the structure and opportunities in the next update.
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