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Downtrend Broken Resist.Archive
- 7/31/2026 -
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McCormick & Co. (MKC) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :
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| | It was a first positive week after 3 consecutive negative weeks for the McCormick & Co. (MKC). During the week, the MKC gained 0.94 points, or 1.88%, and closed at 50.90 on Friday, July 31, 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 44.82 on May 13, 2026. MKC lost 41.42 points, or 48.03%, in 61 weeks. The price is now at the 14.68% 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 46.78 and resistance is at 55.83. 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 downtrend had started on July 17, 2026 at 54.10 and reached 49.69 on July 23, 2026. MKC lost 4.41 points, or 8.15%, in 6 days. The price is now at the 27.44% retracement level.
Daily Technical Indicators: [See MKC daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since July 16, 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.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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