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Downtrend Broken Resist.Archive
- 8/7/2026 -
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McCormick & Co. (MKC) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was a second positive week after 3 consecutive negative weeks for the McCormick & Co. (MKC). During the week, the MKC gained 2.06 points, or 4.05%, and closed at 52.96 on Friday, August 7, 2026. Weekly volume was -35% 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 19.65% 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 54.10 on July 17, 2026. MKC gained -9.28 points, or -20.71%, in 9 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 50.74 and resistance is at 56.67. 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 17, 2026 at 54.10 and reached 49.69 on July 23, 2026. MKC lost 4.41 points, or 8.15%, in 6 days. The price is now at the 74.15% retracement level.
Daily Technical Indicators: [See MKC daily technical indicators chart]
Daily technical indicators are neutral.
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 moved above the moving average in the center of the Bollinger Bands. 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.
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