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
- 10/9/2026 -
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McCormick & Co. (MKC) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved below its signal lineWilliams' Percentage Range and Lane's Stochastic are oversoldRelative Strength Index and Lane's Stochastic bullish divergence
Daily :Stochastic signal line moved above oversold areaLane's Stochastic and MACD bullish divergence
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It was a first positive week after 6 consecutive negative weeks for the McCormick & Co. (MKC). During the week, the MKC climbed 0.14 points, or 0.31%, and closed at 44.81 on Friday, October 9, 2026. It was the best weekly gain since August 21, 2026. Weekly volume was 20% 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 43.25 on October 2, 2026. MKC lost 42.99 points, or 49.85%, in 81 weeks. Price is near the trend low.

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. The price is now at the 11.45% retracement level.

Weekly Technical Indicators: [See MKC weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. Weekly Relative Strength Index and Lane's Stochastic have bullish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 October 7, 2026 at 46.22 and reached 44.61 on October 9, 2026. MKC lost 1.61 points, or 3.48%, in 2 days. The price is now at the 12.42% retracement level.

Daily Technical Indicators: [See MKC daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence.

The daily MACD line is below its signal line since August 26, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.75
Williams' Percentage Range (W%R) 72.60
Lane's Stochastic (%D-Slow) 34.92
Bullish
Greed/Fear Indicator (GFI) 31.03
Moving Average Converg./Diverg. (MACD) -1.69 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.20
Bullish
Williams' Percentage Range (W%R) 80.70
Oversold
Lane's Stochastic (%D-Slow) 11.89
Oversold Bullish
Greed/Fear Indicator (GFI) 23.66
Moving Average Converg./Diverg. (MACD) -2.04
Trading Signals
Description Value Chart
Upper Bollinger Band 51.57
50 Day Moving Average 51.12
20 Day Moving Average 47.54
Parabolic System 45.97
Daily Stochastic Crossing 45.32
Price 44.81
Weekly Stochastic Crossing 44.38
Lower Bollinger Band 43.55
Sector and Industry
Description Name Rank
Sector Consumer Staples 4
Industry Packaged Foods & Meats 25
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 46.22
High Date 10/07/2026
Low 44.61
Low Date 10/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 46.22
High Date 10/07/2026
Low 44.61
Low Date 10/09/2026
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.