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McCormick & Co.
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|It was the negative week for the McCormick & Co. (MKC). During the week, the MKC dropped -1.69 points, or -1.64%, and closed at 101.16 on Friday, December 08, 2017. Weekly volume was 12% above average. |
MKC is a member of Consumer Goods Sector. Consumer Goods is the second most oversold 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 April 16, 2009 at 28.08 and reached 107.84 on July 5, 2016. MKC gained -79.76 points, or -284.05%, in 376 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 89.98 and resistance is at 124.63. 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 February 7, 2014 at 62.75 and reached 107.84 on July 5, 2016. MKC gained -45.09 points, or -71.86%, in 125 weeks. The chart has formed a Rising Pennant chart pattern. The trend support level is at 98.01 and resistance is at 105.80. A Rising Pennant chart pattern represents a brief pause after a sharp move in a dynamic market. It is considered one of the most reliable continuation patterns.Use the following link to access a Rising Pennant chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Pennant 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 above its signal line since November 10, 2017. This is an indication that the medium-term trend is up. 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 November 7, 2017 at 93.70 and reached 104.76 on December 5, 2017. MKC gained -11.06 points, or -11.80%, in 28 days. The chart has formed a Rising Channel chart pattern.
Daily Technical Indicators: [See MKC daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since November 15, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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.