McDonald's (MCD, $190.20) plans to hire 260,000 people

This summer, McDonald's   plans to hire around 260,000 people .

The fast food restaurant company said that it had implemented about 50 new safety procedures, as it reopens after months of coronavirus-induced lockdown. The safety measures including closing some seating and tables, cleaning more frequently and keeping play spaces closed. 

“Our local business owners are proud to help their communities and provide employment and educational opportunities to hundreds of thousands of people this summer," said Joe Erlinger, president of McDonald's USA.

The company operates its restaurants at about 14,000 locations in the U.S.

MCD enters a Downtrend because Momentum Indicator dropped below the 0 level on June 17, 2020

This indicator signals that MCD's price has further to drop, since it moved below its price 14 days ago. Traders may consider selling the ticker, shorting the ticker, or exploring put options. In 22 of 92 cases where MCD's Momentum Indicator fell below the 0 level, its price fell further within the subsequent month. The odds of a continued Downtrend are 24%.

Current price $190.20 crossed the support line at $189.75 and is trading between $190.96 resistance and $189.75 support lines. Throughout the month of 05/15/20 - 06/17/20, the price experienced a +11% Uptrend, while the week of 06/10/20 - 06/17/20 shows a -3% Downtrend.

Technical Analysis (Indicators)

Bearish Trend Analysis

The RSI Indicator appears to be shifting from an Uptrend to a Downtrend. In 11 of 53 cases where MCD's RSI indicator exited the overbought zone, the price fell further within the following month. The odds of a continued Downtrend are 21%.

The Moving Average Convergence Divergence (MACD) crossed below the signal line. In 11 of 49 cases where MCD's MACD histogram became negative, the price fell further within the following month. The odds of a continued Downtrend are 22%.

The higher Bollinger Band was broken -- a price fall is expected as the ticker heads toward the middle band, which invites the trader to consider selling or shorting the ticker, or exploring put options. In 12 of 57 cases where MCD's price broke its higher Bollinger Band, its price dropped further during the following month. The odds of a continued Downtrend are 21%.

Bullish Trend Analysis

The Stochastic Indicator suggests the ticker price trend may be in a reversal from a Downtrend to an Uptrend. 25 of 50 cases where MCD's Stochastic Indicator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued Uptrend are 50%.

The price moved above its 50-day Moving Average, which indicates a change from a Downtrend to an Uptrend. In 22 of 34 similar backtested cases where MCD's price crossed above its 50-day Moving Average, its price rose further within the subsequent month. The odds of a continued Uptrend are 65%.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MCD advanced for three days, in 168 of 353 cases, the price rose further within the following month. The odds of a continued Uptrend are 48%.

The Aroon Indicator entered an Uptrend today. In 212 of 436 similar cases where MCD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 49%.

Fundamental Analysis (Ratings)

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 73%. During the last month, the daily ratio of advancing to declining volumes was 1.93 to 1.

The Tickeron PE Growth Rating for this company is 60 (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is 51 (best 1 - 100 worst), indicating fairly steady price growth. MCD’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of 37 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: MCD's P/B Ratio (-15.26) is slightly lower than the industry average of (2.86). P/E Ratio (24.99) is within average values for comparable stocks, (117.54). MCD's Projected Growth (PEG Ratio) (19.55) is slightly higher than the industry average of (5.27). Dividend Yield (2.39) settles around the average of (1.31) among similar stocks. MCD's P/S Ratio (5.96) is very high in comparison to the industry average of (1.45).

The Tickeron Profit vs. Risk Rating rating for this company is 33 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock better than average.

The Tickeron SMR rating for this company is 3 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

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