McDonald’s Corp MCD is set to release its fourth-quarter earnings on Monday, with Wall Street predicting an EPS of $2.84 and revenues of $6.44 billion before market opens.

Over the past year, the stock has risen by 2.69%, showing a year-to-date increase of 0.88%.

Let’s explore the current stock indicators for McDonald’s and how they align with analyst projections.

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Positive Trends for McDonald’s Stock as Earnings Approach

Heading towards its earnings report, technical analysis reveals a positive outlook for McDonald’s stock.

Chart created using Benzinga Pro

Both the eight-day, 20-day, and 50-day simple moving averages (SMAs) showcase that the stock price is consistently above these crucial indicators. This suggests a solid upward trend, reflecting heightened investor confidence ahead of the earnings announcement.

The Moving Average Convergence Divergence (MACD), currently at 0.72, supports the bullish sentiment. A positive MACD usually indicates that the stock’s upward momentum is strengthening and may continue to rise.

Moreover, the Relative Strength Index (RSI) sits at 60.85, indicating a healthy bullish state without being overbought. This positioning favors MCD stock as it approaches the earnings report, potentially reassuring investors of sustained growth unless major market shifts occur.

As the earnings date nears, the technical indicators suggest McDonald’s stock is poised for potential increases. Investors might want to keep a close eye on any changes in buying momentum or shifts in the RSI or MACD metrics.

With MCD trading above key moving averages and signaling a generally optimistic trend, the company could present an appealing opportunity for those looking to invest in its growth, assuming earnings align with expectations.

Analysts Predict 7% Growth for McDonald’s

Ratings & Consensus Estimates: Analysts currently rate McDonald’s stock as a Buy, with a target price of $319.48. Piper Sandler, Citigroup, and Keybanc have set a price target of $315.33, suggesting a potential upside of 6.80%.

Price Action: At the time this article was published, McDonald’s stock was trading at $294.

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