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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
- 2/20/2026 -
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McCormick & Co. (MKC) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaThe price has fallen below the Parabolic SARThe period of high volatility of the stock price
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It was the negative week for the McCormick & Co. (MKC). During the week, the MKC dropped -2.99 points, or -4.18%, and closed at 68.50 on Friday, February 20, 2026. Weekly volume was 30% above average.

MKC is a member of Consumer Staples Sector. Consumer Staples is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See MKC long-term trend chart]
A long-term downtrend had started on March 10, 2025 at 86.24 and reached 59.62 on January 23, 2026. MKC lost 26.62 points, or 30.87%, in 45 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (57.72) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See MKC medium-term trend chart]
A medium-term uptrend had started on January 23, 2026 at 59.62 and reached 72.41 on February 13, 2026. MKC gained -12.79 points, or -21.45%, in 3 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 61.06 and resistance is at 75.34. 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 November 21, 2025. 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 February 13, 2026 at 72.41 and reached 67.77 on February 17, 2026. MKC lost 4.64 points, or 6.41%, in 4 days. The price is now at the 15.73% 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 below overbought area. 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 February 3, 2026.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

The distance between the Bollinger Bands is 136.62% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.70
Williams' Percentage Range (W%R) 27.00
Lane's Stochastic (%D-Slow) 56.77
Greed/Fear Indicator (GFI) 66.83
Moving Average Converg./Diverg. (MACD) 0.77
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.40
Williams' Percentage Range (W%R) 27.00
Lane's Stochastic (%D-Slow) 57.22
Greed/Fear Indicator (GFI) 60.19
Moving Average Converg./Diverg. (MACD) -1.50
Trading Signals
Description Value Chart
Monthly Trendline Resistance 75.34
Upper Bollinger Band 75.12
Parabolic System 72.48
Daily Stochastic Crossing 69.87
Price 68.50
Weekly Stochastic Crossing 66.97
50 Day Moving Average 66.80
20 Day Moving Average 66.11
Quarterly Trendline Resistance 64.65
Monthly Trendline Support 61.06
Lower Bollinger Band 60.06
Quarterly Trendline Support 57.72
Sector and Industry
Description Name Rank
Sector Consumer Staples 8
Industry Packaged Foods & Meats 45
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 72.41
High Date 02/13/2026
Low 67.77
Low Date 02/17/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 72.41
High Date 02/13/2026
Low 67.77
Low Date 02/17/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 75.34
Support 61.06
Low 59.62
Low Date 01/23/2026
High 72.41
High Date 02/13/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 64.65
Support 57.72
High 86.24
High Date 03/10/2025
Low 59.62
Low Date 01/23/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 211.07
High Date 09/03/2020
Low 59.13
Low Date 10/12/2023
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.