Restaurant Brands International now only 17 cents from key resistance at $67.64

• Price action is gradually approaching a key resistance hurdle at $67.64
• Upper Bollinger Band® currently at $67.49

Restaurant Brands International has posted further gains as part of a 12 day trend that has already seen the stock gain $6.22. On-trend Restaurant Brands International closed the session yesterday with more of the same: pronounced bullish sentiment in the market helped the US fast food multinational to make a notable 0.49% gain yesterday, rising 33 cents and ultimately closing at $67.47.

The fast food restaurant company has appreciated 24.84% over the past six months.

Technical chart analysis shows Restaurant Brands International Inc. could be slowing down soon; it is getting close to the resistance line and is now at $67.64, only 17 cents away. Crossing the resistance line could, however, suggest that further gains are ahead. Trend-following investors would be interested to note that investors are seeking long positions as Restaurant Brands International price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Analysis based on the asset volatility indicates that Restaurant Brands International's upper Bollinger Band® is at $67.49, this is a slight indication of a slowdown.

Notwithstanding Restaurant Brands International's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

Fundamental indicators – United States ISM Manufacturing PMI (Mar) came out at 46.3, while a consensus of analysts was expecting 47.5.

Upcoming fundamentals: United States Crude Oil Inventories is projected to outperform its last figure with -1.8 million. It previously stood at -7.49 million; data will be released tomorrow at 14:30 UTC.