MKC Technical Analysis - MCCORMICK & CO-NON VTG SHRS

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to MKC. MKC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

84% of all other stocks performed better in the past year than MKC.

MKC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

MKC has an average volume of 2711410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

MKC is an average performer in the Food Products industry, it outperforms 46% of 87 stocks in the same industry.

In the last month MKC has a been trading in the 63.66 - 69.13 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MCCORMICK & CO-NON VTG SHRS / MKC Weekly stock chart

MCCORMICK & CO-NON VTG SHRS / MKC Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, MKC does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 65.29, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

63.66

84.60

We found 1 important support area.

A support zone ranging from 64.30 to 65.29. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 66.18 to 68.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 70.00 to 72.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @75.92 from a horizontal line in the daily time frame.
Resistance @83.76 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The short term trend for MKC is down.
ChartMill Relative Strength	16.29	NEGATIVE	MKC has a low relative strength, it was outperformed by 83.71% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of MKC is below a declining 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)	41.85	NEUTRAL	The RSI value for MKC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests MKC has a negative trend.
Stochastics (14,3)	26.73	NEUTRAL	The Stochastics value for MKC is a neutral value.
Average True Range in percent/ATR (20)	2.11	MEDIUM VOLATILITY	The ATR as a percentage value for MKC suggests some volalility.
Average Directional Index/ADX (14)	22.8	NEUTRAL	The ADX value for MKC suggests a possible start of a new trend.