Daily Chart on MCD suggests a

The $193.16 is a strong resistance area, as it is the Fibonacci 78.6% from August 2015 LOW to August 2019 HIGH.
If SPY remains strong today it will definitely will help MCD keep on trying to break upwards.

7-Day RSI is at 19, being oversold.
MACD curling up.
Both are lagging indicators, and have not confirmed any trend yet.

But, if we combine the 1-Day chart analysis with the 1-hour chart (and a shorter Fibonacci Retracement period), we can see that if we break over 193.16 area, we will see 198 as the next resistance.