A Critical Moment For Microsoft Corporation (MSFT), McDonald’s Corporation (MCD) - The RNS Daily

A look at its monthly performance shows that Microsoft Corporation (NASDAQ:MSFT) has recorded a 6.81% gain over the past 30 days. Over the past 12 months the stock has embarked on a rally that has seen it rise 29.28% and is now up by 17.52% since start of this year. The equity price rose 2.08% this week, a trend that has led to both investors and traders taking note of the stock. Its equity price climbed by 22.55% over the past three months which led to its overall six-month increase to stand at 3.66%.

Experts from research firms are bullish about the near-term performance of Microsoft Corporation with most of them predicting a $126.36 price target on a short-term (12 months) basis. The average price target by the analysts will see a 5.86% rise in the stock and would lead to MSFT’s market cap to surge to $961.6B. The stock has been rated an average 1.7, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 35 analysts that track Microsoft Corporation (NASDAQ:MSFT) and find out that 2 of them rated it as a Hold. 32 of the 33 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.

A look at MSFT technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 66.38 point. Its trading volume has lost -8282375 shares compared to readings over the past three months as it recently exchanged 20077625 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 28360000 shares, and this is 0.71 times the normal volume.

The price of McDonald’s Corporation (NYSE:MCD) currently stands at $189.87 after it went up by $1.52 or 0.81% and has found a strong support at $188.94 a share. If the MCD price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $188 mark would also be bad for the stock as it means that the stock would plunge by 0.98% from its current position. However, if the stock price is able to trade above the resistance point around $190.77, then it could likely surge higher to try and break the upward resistance which stands at $191.66 a share. Its average daily volatility over the past one month stands at 1.17%. The stock has plunged by 0.51% from its 52-weeks high of $188.9 which it reached on Nov. 29, 2018. In general, it is 19.35% above its 52-weeks lowest point which stands at $153.13 and this setback was observed on Feb. 08, 2018.

Analysts have predicted a price target for McDonald’s Corporation (MCD) for 1 year and it stands at an average $198.38/share. This means that it would likely increase by 4.48% from its current position. The current price of the stock has been moving between $188.9 and $190.73. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $174. On the other hand, one analyst is super bullish about the price, setting a target as high as $220.

The MCD stock Stochastic Oscillator (%D) is at 70.85%, which means that it is currently neutral. The shares P/S ratio stands at 6.95 which compares to the 2.51 recorded by the industry or the 2 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 21.62, which is lower than the 24.86 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 6.6% over the past five years.

Analysts view McDonald’s Corporation (NYSE:MCD) as a Buy, with 1.9 consensus rating. Reuters surveyed 29 analysts that follow MCD and found that 6 of those analysts rated the stock as a Hold. The remaining 23 were divided, with 23 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying McDonald’s Corporation (MCD) shares or sell it if they already own it.

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