- Next support is currently 29 cents away at $66.27
After a 5 day of trading sideways Yesterday's session suggests a further slow down: slightly down but mostly flat: Restaurant Brands International ranged between $66.53 and $67.37 before closing at $66.56.
The stock has been trending positively for about a month. The fast food restaurant company has appreciated 26.48% over the past six months.
Technical chart analysis shows Restaurant Brands International Inc. could begin to recover as it approaches significant support, now 29 cents away from $66.27. Dipping below could be an indication that further losses are ahead.
Fundamental indicators – United States Crude Oil Inventories beat the -583,000 projections, with 597,000.
Restaurant Brands International was not the only decliner in the consumer discretionary sector; Alibaba lost 5.93% yesterday and closed at $93.84. Walt Disney drops 2.47% yesterday to close at $100.42. Amazon falls 2.09% yesterday to close at $99.92.
Upcoming fundamentals: United States Core Retail Sales expected to decline to -0.3% while its preceding data was -0.1%, data will be available tomorrow at 12:30 UTC.