- Restaurant Brands Int.’s stock price is showing massive bullish strength and the price is forming higher highs.
- Restaurant Brands Int.’s stock price is currently trading at $77.52.
- QSR live market cap is $35.03 Billion.
Restaurant Brands International Inc. (NYSE: QSR) is a fast food chain that originated in America.
The price of the Restaurant Brands Int. stock is exhibiting signs of increasing momentum and fresh highs are being established.
The stock price of QSR has shown a growth of 5% in the last two trading sessions.
QSR stock price is currently trading near all-time high. The price is near the support level and prices might shoot up if the price sustains above the resistance,
The one-year growth of QSR stock is 45.8% showing signs that the stock is performing well and gaining buyers’ interest. The stock has a P/E ratio of 23 which is considered good and the stock price is at fair value.
The earnings of Restaurant Brands International Inc. (NYSE: QSR) stock increased by 20%.
Restaurant Brands Int. (QSR) Stock Price Analysis
The price chart of Restaurant Brands Int. shows that the EMA (Exponential Moving Average) of the stock is below its current price level, this suggests that a potential for future price increases.
Additionally, the MACD indicator is displaying a Green histogram, with both MACD lines and MACD signal lines above the zero line. This indicates a rise of positive momentum in stock and can lead to an increase in its worth.
As per the charts, an increase in stock volume is seen. This indicates that the buyers are making a position in the stock and the price might go up in the future.
Conclusion
The analysis shows that the stock price of Restaurant Brands Int. (NYSE: QSR) shows potential growth. A bullish pattern with higher highs indicates the strength of the stock. There are also signs of an uptrend which increases the probability of an upward movement in the stock price.
Technical Levels
- Support Level – $73.
- Resistance Level -$79.
Disclaimer
The views and opinions of the author, or anyone named in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.