The Greedy Trader Weekly Analysis
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Uptrend Support

Uptrend Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Support stock alert indicates that price is near long-term support trendline and probability of short-term trend reversal is high. The strategy here is to take advantage of established uptrend price pullback and entering the long position just prior to the continuation of the trend. The strategy has relatively low risk.

Uptrend Support

Archive
- 1/10/2025 -
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McCormick & Co. (MKC) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is oversoldTrend support at 72.87
Daily :Relative Strength Index oversoldLane's Stochastic is strongly oversold
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It was the negative week for the McCormick & Co. (MKC). During the week, the MKC dropped -4.46 points, or -5.88%, and closed at 71.39 on Friday, January 10, 2025. MKC was trading at average weekly trading volume.

Long-term trend: [See MKC long-term trend chart]
A long-term uptrend had started on October 12, 2023 at 59.13 and reached 85.49 on September 16, 2024. MKC gained -26.36 points, or -44.58%, in 48 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (72.87) 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 long-term trend.

Medium-term trend: [See MKC medium-term trend chart]
A medium-term downtrend had started on September 16, 2024 at 85.49 and reached 71.10 on January 10, 2025. MKC lost 14.39 points, or 16.83%, in 16 weeks. Price is near the trend low.

Weekly Technical Indicators: [See MKC weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly 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 below its signal line since October 25, 2024. 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 downtrend had started on December 11, 2024 at 82.13 and reached 71.10 on January 10, 2025. MKC lost 11.03 points, or 13.43%, in 30 days. Price is near the trend low.

Daily Technical Indicators: [See MKC daily technical indicators chart]
Daily Relative Strength Index is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is below its signal line since December 19, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 15.82
Oversold
Williams' Percentage Range (W%R) 75.70
Lane's Stochastic (%D-Slow) 9.59
Strong Oversold
Greed/Fear Indicator (GFI) 16.57
Oversold
Moving Average Converg./Diverg. (MACD) -0.72
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.26
Williams' Percentage Range (W%R) 81.40
Oversold
Lane's Stochastic (%D-Slow) 52.91
Greed/Fear Indicator (GFI) 36.88
Moving Average Converg./Diverg. (MACD) 1.14
Trading Signals
Description Value Chart
Upper Bollinger Band 81.66
50 Day Moving Average 77.44
20 Day Moving Average 77.44
Weekly Stochastic Crossing 76.74
Parabolic System 74.89
Quarterly Trendline Support 72.87
Daily Stochastic Crossing 71.55
Price 71.39
Lower Bollinger Band 71.09
Sector and Industry
Description Name Rank
Sector Consumer Staples 3
Industry Packaged Foods & Meats 31
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 82.13
High Date 12/11/2024
Low 71.10
Low Date 01/10/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 82.13
High Date 12/11/2024
Low 71.10
Low Date 01/10/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 85.49
High Date 09/16/2024
Low 71.10
Low Date 01/10/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 90.42
Support 72.87
Low 59.13
Low Date 10/12/2023
High 85.49
High Date 09/16/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 211.07
High Date 09/03/2020
Low 59.13
Low Date 10/12/2023
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.