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Downtrend Broken Resist.Archive
- 7/17/2026 -
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McCormick & Co. (MKC) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was the negative week for the McCormick & Co. (MKC). During the week, the MKC dropped -0.75 points, or -1.43%, and closed at 51.70 on Friday, July 17, 2026. MKC was trading at average weekly trading volume.
 Long-term trend: [See MKC long-term trend chart]
A long-term downtrend had started on March 10, 2025 at 86.24 and reached 44.82 on May 13, 2026. MKC lost 41.42 points, or 48.03%, in 61 weeks. The price is now at the 16.61% retracement level.
 Medium-term trend: [See MKC medium-term trend chart]
A medium-term uptrend had started on May 13, 2026 at 44.82 and reached 54.10 on July 17, 2026. MKC gained -9.28 points, or -20.71%, in 9 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 46.43 and resistance is at 55.46. 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 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 June 26, 2026. 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 June 22, 2026 at 45.72 and reached 54.10 on July 17, 2026. MKC gained -8.38 points, or -18.33%, in 25 days. The price is now at the 28.64% retracement level.
 Daily Technical Indicators: [See MKC daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought 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.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
 Candlestick pattern: [See MKC candlestick chart pattern]
On Friday the chart has formed a Bearish Dark Cloud Cover Candlestick pattern. Bearish Dark Cloud Cover pattern is a trend reversal indicator which signifies the end of an uptrend and the start of a downtrend. The reliability of the Bearish Dark Cloud Cover pattern is considered a highly reliable pattern of market reversalUse the Technical Stock Screener to see the list of stocks that had a Bearish Dark Cloud Cover Candlestick pattern during the last week.
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