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.

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- 8/14/2026 -
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McCormick & Co. (MKC) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is strongly overboughtPrice is near the Fibonacci 23.6% retracement level
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtThe price touches the upper Bollinger Band
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It was a third positive week after 3 consecutive negative weeks for the McCormick & Co. (MKC). During the week, the MKC gained 1.71 points, or 3.23%, and closed at 54.67 on Friday, August 14, 2026. Weekly volume was -45% 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. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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 54.75 on August 13, 2026. MKC gained -9.93 points, or -22.16%, in 13 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 51.27 and resistance is at 57.51. 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 Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 26, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 July 23, 2026 at 49.69 and reached 54.75 on August 13, 2026. MKC gained -5.06 points, or -10.18%, in 21 days. Price is near the trend high.

Daily Technical Indicators: [See MKC daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since August 6, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

The price touches the upper Bollinger Band. 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) 78.04
Williams' Percentage Range (W%R) 5.50
Strong Overbought
Lane's Stochastic (%D-Slow) 86.14
Overbought
Greed/Fear Indicator (GFI) 86.22
Overbought
Moving Average Converg./Diverg. (MACD) 0.59
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.80
Williams' Percentage Range (W%R) 2.80
Strong Overbought
Lane's Stochastic (%D-Slow) 77.22
Greed/Fear Indicator (GFI) 77.46
Moving Average Converg./Diverg. (MACD) -3.58
Trading Signals
Description Value Chart
Monthly Trendline Resistance 57.51
Upper Bollinger Band 54.83
Price 54.67
Daily Stochastic Crossing 54.33
Weekly Stochastic Crossing 52.58
Parabolic System 52.19
20 Day Moving Average 52.11
Monthly Trendline Support 51.27
50 Day Moving Average 50.78
Lower Bollinger Band 49.97
Sector and Industry
Description Name Rank
Sector Consumer Staples 6
Industry Packaged Foods & Meats 75
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 49.76
Low Date 07/30/2026
High 54.75
High Date 08/13/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 49.69
Low Date 07/23/2026
High 54.75
High Date 08/13/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 57.51
Support 51.27
Low 44.82
Low Date 05/13/2026
High 54.75
High Date 08/13/2026
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.