The Greedy Trader Weekly Analysis
Sign In Dec 8, 2017
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 0
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
McCormick & Co.
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Williams' Percentage Range is overboughtOversold sector
Daily :Williams' Percentage Range is overboughtPrice has crossed below the 50 Day Moving Average
Move cursor over the icon to see details.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.36
Williams' Percentage Range (W%R) 16.70
Overbought
Lane's Stochastic (%D-Slow) 76.65
Greed/Fear Indicator (GFI) 77.77
Moving Average Converg./Diverg. (MACD) 0.54
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.21
Williams' Percentage Range (W%R) 12.50
Overbought
Lane's Stochastic (%D-Slow) 48.66
Greed/Fear Indicator (GFI) 63.96
Moving Average Converg./Diverg. (MACD) -0.01
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 105.83
Upper Bollinger Band 104.48
Price 102.85
Daily Stochastic Crossing 102.78
Monthly Trendline Resistance 101.85
Parabolic System 100.96
Weekly Stochastic Crossing 98.69
50 Day Moving Average 98.69
20 Day Moving Average 98.61
Quarterly Trendline Support 97.83
Lower Bollinger Band 94.81
Monthly Trendline Support 94.45
Yearly Trendline Support 89.84
Sector and Industry
Description Name Rank
Sector Consumer Goods 2
Industry Processed/Packaged Goods 68
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 93.70
Low Date 11/07/2017
High 103.94
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 90.25
Low Date 07/19/2017
High 103.94
High Date 11/30/2017
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 101.85
Support 94.45
High 106.50
High Date 06/14/2017
Low 90.25
Low Date 07/19/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Valid
Resistance 105.83
Support 97.83
Low 62.75
Low Date 02/07/2014
High 107.84
High Date 07/05/2016
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 124.41
Support 89.84
Low 28.08
Low Date 04/16/2009
High 107.84
High Date 07/05/2016
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.

Copyright© 2004-2016 All rights reserved.