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Archive
- 4/1/2021 -
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McCormick & Co. (MKC)

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Summary:
Weekly :Williams' Percentage Range is oversoldTrend support at 89.26
Daily :Stochastic has declined below the signal lineThe price has fallen below the Parabolic SARThe period of low volatility of the stock price
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It was the negative week for the McCormick & Co. (MKC). During the week, the MKC dropped -0.97 points, or -1.08%, and closed at 89.24 on Thursday, April 1, 2021. It was the worst weekly loss since February 19, 2021. Weekly volume was 191% above average.

Long-term trend: [See MKC long-term trend chart]
A long-term downtrend had started on September 3, 2020 at 211.07 and reached 82.08 on March 5, 2021. MKC lost 128.99 points, or 61.11%, in 26 weeks. The price is now at the 5.55% retracement level.

Medium-term trend: [See MKC medium-term trend chart]
A medium-term uptrend had started on March 5, 2021 at 82.08 and reached 95.89 on March 30, 2021. MKC gained -13.81 points, or -16.83%, in 3 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (89.26) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See MKC weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since March 19, 2021. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See MKC short-term trend chart]
A short-term downtrend had started on March 30, 2021 at 95.89 and reached 87.58 on April 1, 2021. MKC lost 8.31 points, or 8.67%, in 2 days. The price is now at the 19.98% retracement level.

Daily Technical Indicators: [See MKC daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since February 24, 2021. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The distance between the Bollinger Bands is falling, and it was 7.93% on Friday. It is 62.98% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.85
Williams' Percentage Range (W%R) 49.20
Lane's Stochastic (%D-Slow) 57.09
Greed/Fear Indicator (GFI) 58.23
Moving Average Converg./Diverg. (MACD) 0.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.69
Williams' Percentage Range (W%R) 93.70
Strong Oversold
Lane's Stochastic (%D-Slow) 27.00
Greed/Fear Indicator (GFI) 26.06
Moving Average Converg./Diverg. (MACD) -22.57
Trading Signals
Description Value Chart
Monthly Trendline Resistance 97.32
Parabolic System 95.65
Upper Bollinger Band 91.45
Daily Stochastic Crossing 90.73
Monthly Trendline Support 89.26
Price 89.24
50 Day Moving Average 87.89
20 Day Moving Average 87.32
Weekly Stochastic Crossing 86.47
Lower Bollinger Band 84.38
Sector and Industry
Description Name Rank
Sector Consumer Staples 3
Industry Packaged Foods & Meats 35
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 95.89
High Date 03/30/2021
Low 87.58
Low Date 04/01/2021
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 95.89
High Date 03/30/2021
Low 87.58
Low Date 04/01/2021
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 97.32
Support 89.26
Low 82.08
Low Date 03/05/2021
High 95.89
High Date 03/30/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 211.07
High Date 09/03/2020
Low 82.08
Low Date 03/05/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 28.08
Low Date 04/16/2009
High 211.07
High Date 09/03/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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