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Uptrend ExhaustionArchive - 4/19/2024 - Sign In to see current Signals. |
McCormick & Co. (MKC) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week for the McCormick & Co. (MKC). During the week, the MKC gained 2.16 points, or 3.01%, and closed at 73.92 on Friday, April 19, 2024. Weekly volume was -15% below average. Long-term trend: [See MKC long-term trend chart] A long-term downtrend had started on June 23, 2023 at 94.38 and reached 59.13 on October 12, 2023. MKC lost 35.25 points, or 37.35%, in 15 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (68.49) 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 October 12, 2023 at 59.13 and reached 78.41 on April 2, 2024. MKC gained -19.28 points, or -32.61%, in 24 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level. Weekly Technical Indicators: [See MKC weekly technical indicators chart] Weekly technical indicators are neutral. During the last week, weekly 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 weekly MACD line is above its signal line since December 15, 2023. 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 uptrend had started on January 18, 2024 at 63.88 and reached 78.41 on April 2, 2024. MKC gained -14.53 points, or -22.75%, in 75 days. The chart has formed a Broadening Ascending Wedge chart pattern. Daily Technical Indicators: [See MKC daily technical indicators chart] Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. The daily MACD line is below its signal line since April 9, 2024. 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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