McCormick & Co.
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|It was a first positive week for the McCormick & Co. (MKC). During the week, the MKC gained 3.72 points, or 3.75%, and closed at 102.85 on Friday, December 01, 2017. It was the best weekly gain since September 29, 2017. Weekly volume was 24% 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 89.84 and resistance is at 124.41. 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 97.83 and resistance is at 105.83. 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 November 10, 2017. 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 uptrend had started on November 7, 2017 at 93.70 and reached 103.94 on November 30, 2017. MKC gained -10.24 points, or -10.93%, in 23 days. The chart has formed a Rising Channel chart pattern.
Daily Technical Indicators: [See MKC daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.
The daily MACD line is above its signal line since November 15, 2017. This is an indication that the short-term trend is up.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.