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Archive
- 3/21/2025 -
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McCormick & Co. (MKC) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the McCormick & Co. (MKC). During the week, the MKC gave back -0.16 points, or -0.20%, and closed at 80.17 on Friday, March 21, 2025. Weekly volume was 17% above average.
MKC is a member of Consumer Staples Sector. Consumer Staples is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See MKC long-term trend chart]
A long-term uptrend had started on October 12, 2023 at 59.13 and reached 86.24 on March 10, 2025. MKC gained -27.11 points, or -45.85%, in 73 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 72.31 and resistance is at 93.37. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See MKC medium-term trend chart]
A medium-term uptrend had started on January 13, 2025 at 70.05 and reached 86.24 on March 10, 2025. MKC gained -16.19 points, or -23.11%, in 8 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (83.23) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. MKC may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See MKC weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since February 21, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 10, 2025 at 86.24 and reached 79.70 on March 14, 2025. MKC lost 6.54 points, or 7.58%, in 4 days. The price is now at the 7.19% retracement level.
 Daily Technical Indicators: [See MKC daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily 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 daily MACD line is below its signal line since March 11, 2025. This is an indication that the short-term trend is down.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Staples |
10 |
| Industry |
Packaged Foods & Meats |
85 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
82.23 |
| High Date |
03/17/2025 |
| Low |
79.85 |
| Low Date |
03/21/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
86.24 |
| High Date |
03/10/2025 |
| Low |
79.70 |
| Low Date |
03/14/2025 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Broken Support |
| Resistance |
89.74 |
| Support |
83.23 |
| Low |
70.05 |
| Low Date |
01/13/2025 |
| High |
86.24 |
| High Date |
03/10/2025 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
93.37 |
| Support |
72.31 |
| Low |
59.13 |
| Low Date |
10/12/2023 |
| High |
86.24 |
| High Date |
03/10/2025 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
211.07 |
| High Date |
09/03/2020 |
| Low |
59.13 |
| Low Date |
10/12/2023 |
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