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Downtrend Broken Resist.Archive
- 5/2/2025 -
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McCormick & Co. (MKC) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week after 4 consecutive negative weeks for the McCormick & Co. (MKC). During the week, the MKC gained 1.48 points, or 1.99%, and closed at 76.02 on Friday, May 2, 2025. It was the best weekly gain since February 28, 2025. Weekly volume was 6% 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. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See MKC medium-term trend chart]
A medium-term downtrend had started on March 10, 2025 at 86.24 and reached 70.81 on April 9, 2025. MKC lost 15.43 points, or 17.89%, in 4 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 63.10 and resistance is at 78.41. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See MKC weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 4, 2025. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See MKC short-term trend chart]
A short-term uptrend had started on April 9, 2025 at 70.81 and reached 78.00 on April 15, 2025. MKC gained -7.19 points, or -10.15%, in 6 days. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 74.78 and resistance is at 76.68. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a short-term trend.
Daily Technical Indicators: [See MKC daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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