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 scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

88% of all other stocks performed better in the past year than MKC.

MKC is one of the lesser performing stocks in the Food Products industry. 64% of 89 stocks in the same industry do better.

MKC is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.

In the last month MKC has a been trading in the 65.47 - 72.58 range, which is quite wide. It is currently trading near the lows of this range.

MKC has an average volume of 2240350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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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

The technical rating of MKC is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

64.83

84.60

We can see 4 important resistance areas.

A resistance zone ranging from 69.12 to 72.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @75.92 from a horizontal line in the daily time frame.
Resistance @77.60 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	12.13	NEGATIVE	MKC has a low relative strength, it was outperformed by 87.87% 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)	35.17	NEUTRAL	The RSI value for MKC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.39	NEGATIVE	The MACD value suggests MKC has a negative trend.
Stochastics (14,3)	6.86	OVERSOLD	The low Stochastics value suggests MKC may be oversold.
Average True Range in percent/ATR (20)	2.29	MEDIUM VOLATILITY	The ATR as a percentage value for MKC suggests some volalility.
Average Directional Index/ADX (14)	22.68	NEUTRAL	The ADX value for MKC suggests a possible start of a new trend.