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.

Archive
- 3/20/2026 -
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McCormick & Co. (MKC) Technical Analysis

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Summary:
Weekly :Overbought sectorWeekly  MACD line has moved below its signal lineBroken trend support line - Downtrend exhaustionWilliams' Percentage Range is oversold
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversoldThe Bollinger Bands are historically far apart
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It was the negative week for the McCormick & Co. (MKC). During the week, the MKC dropped -5.06 points, or -8.68%, and closed at 53.23 on Friday, March 20, 2026. Weekly volume was 72% 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 52.63 on March 20, 2026. MKC lost 33.61 points, or 38.97%, in 53 weeks. Price is near the trend low.

Medium-term trend: [See MKC medium-term trend chart]
A medium-term downtrend had started on February 13, 2026 at 72.41 and reached 52.63 on March 20, 2026. MKC lost 19.78 points, or 27.32%, in 5 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (74.47) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 support in a medium-term trend.

Weekly Technical Indicators: [See MKC weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 27, 2026 at 71.33 and reached 52.63 on March 20, 2026. MKC lost 18.70 points, or 26.22%, in 21 days. Price is near the trend low.

Daily Technical Indicators: [See MKC daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is below its signal line since March 2, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current short-term downtrend is still strong, and momentum is beginning to wane.

The distance between the Bollinger Bands (43.96%) is close to one year high (28.14%). It is 338.02% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 5.21
Strong Oversold
Williams' Percentage Range (W%R) 92.10
Strong Oversold
Lane's Stochastic (%D-Slow) 4.55
Strong Oversold
Greed/Fear Indicator (GFI) 5.88
Strong Oversold
Moving Average Converg./Diverg. (MACD) -2.24
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.99
Williams' Percentage Range (W%R) 92.60
Strong Oversold
Lane's Stochastic (%D-Slow) 45.98
Greed/Fear Indicator (GFI) 30.48
Moving Average Converg./Diverg. (MACD) -1.21
Trading Signals
Description Value Chart
Upper Bollinger Band 72.90
50 Day Moving Average 65.07
20 Day Moving Average 63.12
Weekly Stochastic Crossing 60.16
Parabolic System 57.53
Price 53.23
Daily Stochastic Crossing 52.99
Lower Bollinger Band 49.51
Sector and Industry
Description Name Rank
Sector Consumer Staples 8
Industry Packaged Foods & Meats 47
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 71.33
High Date 02/27/2026
Low 52.63
Low Date 03/20/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 71.33
High Date 02/27/2026
Low 52.63
Low Date 03/20/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 68.57
Support 74.47
High 72.41
High Date 02/13/2026
Low 52.63
Low Date 03/20/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 86.24
High Date 03/10/2025
Low 52.63
Low Date 03/20/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 211.07
High Date 09/03/2020
Low 52.63
Low Date 03/20/2026
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.