  mcdonalds stock has been steadily rising and is battling the psychological resistance level of 300 per share failing at this level twice now   if the stock successfully breaches the 300 resistance it could herald a new longterm upward trend for mcdonalds mcdonalds corp mcd a globally recognized fast food brand with its iconic golden arches and enticing menu is once again making headlines this time its all thanks to a limitededition berryflavored milkshake known as the grimace shake in a surprising burst of creativity mcdonalds introduced the grimace shake to celebrate the birthday of their beloved mascot grimace not only did this delicious concoction delight taste buds but it also caused a frenzy on tiktok users enthusiastically shared their experiences generating a wave of excitement and transforming the product launch into an organic viral marketing campaign this truly showcases the power of usergenerated content and the influential role of social media in modernday marketing with all this publicity for the brand mcdonalds stock has been consistently rising and is currently contending with the significant resistance level of 300 since the beginning of this year the price of mcdonalds shares has increased by 13 it came close to reaching 300 in may 2023 missing it by just two dollars however during this time the stock experienced a slight decline dropping by 625 and finding support at the 281 level formed from the high of november 2022 despite a slight setback the price momentum remained strong then it made a second attempt to reach 300 falling just short by three dollars currently the 20 and 50 simple moving averages are acting as reliable support for the stock this could potentially drive the stock towards and even beyond the 300 resistance if this milestone is broken it could signal the start of another longterm upward trend for mcdonalds after the closing bell on wednesday june 28 the stock closed at 29174 trading up by 015