The Greedy Trader Weekly Analysis
Sign In May 29, 2026
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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.

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- 5/22/2026 -
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McCormick & Co. (MKC) Technical Analysis

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Summary:
Weekly :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldStochastic has raised above the signal line
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a first positive week after 4 consecutive negative weeks for the McCormick & Co. (MKC). During the week, the MKC gained 1.45 points, or 3.13%, and closed at 47.80 on Friday, May 22, 2026. Weekly volume was -6% 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 7.19% retracement level.

Medium-term trend: [See MKC medium-term trend chart]
A medium-term downtrend had started on February 13, 2026 at 72.41 and reached 44.82 on May 13, 2026. MKC lost 27.59 points, or 38.10%, in 12 weeks. The price is now at the 10.80% retracement level.

Weekly Technical Indicators: [See MKC weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 and Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 13, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 May 13, 2026 at 44.82 and reached 47.98 on May 22, 2026. MKC gained -3.16 points, or -7.05%, in 9 days. The price is now at the 5.70% 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.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.59
Williams' Percentage Range (W%R) 68.60
Lane's Stochastic (%D-Slow) 57.63
Greed/Fear Indicator (GFI) 45.89
Moving Average Converg./Diverg. (MACD) -1.72
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.21
Williams' Percentage Range (W%R) 92.00
Strong Oversold
Lane's Stochastic (%D-Slow) 12.19
Oversold
Greed/Fear Indicator (GFI) 17.21
Oversold
Moving Average Converg./Diverg. (MACD) -4.08
Trading Signals
Description Value Chart
Upper Bollinger Band 51.61
50 Day Moving Average 50.96
20 Day Moving Average 48.11
Price 47.80
Daily Stochastic Crossing 46.78
Weekly Stochastic Crossing 45.87
Parabolic System 45.29
Lower Bollinger Band 45.07
Sector and Industry
Description Name Rank
Sector Consumer Staples 3
Industry Packaged Foods & Meats 29
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 44.82
Low Date 05/13/2026
High 47.98
High Date 05/22/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 54.71
High Date 04/13/2026
Low 44.82
Low Date 05/13/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 72.41
High Date 02/13/2026
Low 44.82
Low Date 05/13/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 86.24
High Date 03/10/2025
Low 44.82
Low Date 05/13/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 211.07
High Date 09/03/2020
Low 44.82
Low Date 05/13/2026
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.