MCCORMICK & CO-NON VTG SHRS (MKC) Stock Technical Analysis
USA - NYSE:MKC - US5797802064 - Common Stock
We assign a technical rating of 1 out of 10 to MKC. MKC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, MKC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 67.83. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 65.48, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
63.66
When analyzing the support we notice one important area.
- A support zone ranging from 64.30 to 65.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 66.97 to 71.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @72.26 from a horizontal line in the daily time frame.
- Resistance @76.31 from a horizontal line in the weekly time frame.
- Resistance @83.76 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for MKC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MKC is neutral. |
| ChartMill Relative Strength | 16.61 | NEGATIVE | MKC has a low relative strength, it was outperformed by 83.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MKC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MKC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MKC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.98 | NEUTRAL | The RSI value for MKC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests MKC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.84 | NEUTRAL | The Stochastics value for MKC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.04 | MEDIUM VOLATILITY | The ATR as a percentage value for MKC suggests some volalility. |
| Average Directional Index/ADX (14) | 15.32 | NEGATIVE | The low ADX value for MKC suggests a weak or negative trend. |
66.01
-1.12 (-1.67%)
MCCORMICK & CO-NON VTG SHRS / MKC FAQ
What is the ChartMill technical rating of MCCORMICK & CO-NON VTG SHRS (MKC) stock?
ChartMill assigns a technical rating of 1 / 10 to MKC.
What is the trend direction for MKC stock?
The current trend direction for MCCORMICK & CO-NON VTG SHRS (MKC) is Bearish.
What is the RSI signal for MCCORMICK & CO-NON VTG SHRS (MKC) stock?
MCCORMICK & CO-NON VTG SHRS (MKC) has an RSI value of 49.9764. This indicates that the stock is currently neutral.
What is the short term momentum for MCCORMICK & CO-NON VTG SHRS (MKC) stock?
The short term momentum for MCCORMICK & CO-NON VTG SHRS (MKC) is neutral.