The Greedy Trader Weekly Analysis
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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
- 1/30/2026 -
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McCormick & Co. (MKC) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is oversold
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageWilliams' Percentage Range is oversoldPrice is near the Fibonacci 38.2% retracement levelThe period of high volatility of the stock price
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It was a first positive week for the McCormick & Co. (MKC). During the week, the MKC gained 1.04 points, or 1.71%, and closed at 61.83 on Friday, January 30, 2026. Weekly volume was 73% above average.

Long-term trend: [See MKC long-term trend chart]
A long-term downtrend had started on March 10, 2025 at 86.24 and reached 59.62 on January 23, 2026. MKC lost 26.62 points, or 30.87%, in 45 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 59.08 and resistance is at 66.01. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See MKC medium-term trend chart]
A medium-term uptrend had started on January 23, 2026 at 59.62 and reached 63.62 on January 28, 2026. MKC gained -4.00 points, or -6.71%, in 0 weeks. The price is now at the 44.75% retracement level.

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 above its signal line since November 21, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 January 28, 2026 at 63.62 and reached 60.80 on January 30, 2026. MKC lost 2.82 points, or 4.43%, in 2 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See MKC daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.

The daily MACD line is below its signal line since January 15, 2026. This is an indication that the short-term trend is down.

The distance between the Bollinger Bands is 104.06% higher then one year average. It indicates the period of high volatility of the stock price. 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.

During the last week, the 20 Day Moving Average 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) 33.12
Williams' Percentage Range (W%R) 83.10
Oversold
Lane's Stochastic (%D-Slow) 25.31
Greed/Fear Indicator (GFI) 25.12
Moving Average Converg./Diverg. (MACD) -0.92
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.79
Williams' Percentage Range (W%R) 85.40
Oversold
Lane's Stochastic (%D-Slow) 55.44
Greed/Fear Indicator (GFI) 39.30
Moving Average Converg./Diverg. (MACD) -1.68
Trading Signals
Description Value Chart
Upper Bollinger Band 70.13
50 Day Moving Average 66.22
Quarterly Trendline Resistance 66.01
20 Day Moving Average 65.19
Parabolic System 65.13
Weekly Stochastic Crossing 64.42
Daily Stochastic Crossing 61.86
Price 61.83
Quarterly Trendline Support 59.08
Lower Bollinger Band 59.05
Sector and Industry
Description Name Rank
Sector Consumer Staples 6
Industry Packaged Foods & Meats 28
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 63.62
High Date 01/28/2026
Low 60.80
Low Date 01/30/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 63.62
High Date 01/28/2026
Low 60.80
Low Date 01/30/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 59.62
Low Date 01/23/2026
High 63.62
High Date 01/28/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 66.01
Support 59.08
High 86.24
High Date 03/10/2025
Low 59.62
Low Date 01/23/2026
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.