The Greedy Trader Weekly Analysis
Sign In Oct 30, 2026
Skip Navigation Links
Share
Number of records: 10
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Downtrend Broken Resistance

Downtrend Broken Resistance 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. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 10/23/2026 -
Sign In to see current Signals.

McCormick & Co. (MKC) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorLane's Stochastic is oversoldPrice is near the Fibonacci 38.2% retracement level
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtTrend resistance at 47.99The price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a third positive week after 6 consecutive negative weeks for the McCormick & Co. (MKC). During the week, the MKC gained 1.77 points, or 3.82%, and closed at 48.12 on Friday, October 23, 2026. It was the best weekly gain since August 7, 2026. MKC was trading at average weekly trading volume.

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 downtrend had started on March 10, 2025 at 86.24 and reached 43.25 on October 2, 2026. MKC lost 42.99 points, or 49.85%, in 81 weeks. The price is now at the 11.33% retracement level.

Medium-term trend: [See MKC medium-term trend chart]
A medium-term downtrend had started on August 20, 2026 at 56.87 and reached 43.25 on October 2, 2026. MKC lost 13.62 points, or 23.95%, in 6 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See MKC weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 Lane's Stochastic help.

The weekly MACD line is below its signal line since October 2, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 October 2, 2026 at 43.25 and reached 49.05 on October 23, 2026. MKC gained -5.80 points, or -13.41%, in 21 days. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (47.99). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a short-term trend.

Daily Technical Indicators: [See MKC daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since October 13, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.82
Williams' Percentage Range (W%R) 9.10
Strong Overbought
Lane's Stochastic (%D-Slow) 80.87
Overbought
Greed/Fear Indicator (GFI) 77.54
Moving Average Converg./Diverg. (MACD) -1.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.63
Williams' Percentage Range (W%R) 60.30
Lane's Stochastic (%D-Slow) 14.90
Oversold
Greed/Fear Indicator (GFI) 33.75
Moving Average Converg./Diverg. (MACD) -2.17
Trading Signals
Description Value Chart
50 Day Moving Average 49.88
Upper Bollinger Band 49.75
Daily Stochastic Crossing 48.31
Price 48.12
Weekly Trendline Resistance 47.99
20 Day Moving Average 46.13
Weekly Trendline Support 46.07
Weekly Stochastic Crossing 45.39
Parabolic System 44.78
Lower Bollinger Band 44.28
Sector and Industry
Description Name Rank
Sector Consumer Staples 10
Industry Packaged Foods & Meats 44
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 46.01
Low Date 10/21/2026
High 49.05
High Date 10/23/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 47.99
Support 46.07
Low 43.25
Low Date 10/02/2026
High 49.05
High Date 10/23/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 56.87
High Date 08/20/2026
Low 43.25
Low Date 10/02/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 86.24
High Date 03/10/2025
Low 43.25
Low Date 10/02/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 211.07
High Date 09/03/2020
Low 43.25
Low Date 10/02/2026
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.