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Downtrend Broken Resist.Archive
- 7/10/2026 -
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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 -1.00 points, or -1.87%, and closed at 52.45 on Friday, July 10, 2026. Weekly volume was -8% below 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 18.42% 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 53.88 on July 2, 2026. MKC gained -9.06 points, or -20.21%, in 7 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 46.26 and resistance is at 55.03. 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 2, 2026 at 53.88 and reached 50.12 on July 9, 2026. MKC lost 3.76 points, or 6.98%, in 7 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See MKC daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 link to access Lane's Stochastic help.
The daily MACD line is above its signal line since June 22, 2026. The distance between MACD and the signal line is low and getting smaller.
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