MCCORMICK & CO-NON VTG SHRS (MKC) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:MKC • US5797802064
Taking everything into account, MKC scores 5 out of 10 in our technical rating. MKC has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- 74% of all other stocks performed better in the past year than MKC.
- MKC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month MKC has a been trading in the 59.62 - 68.78 range, which is quite wide. It is currently trading near the high of this range.
- MKC has an average volume of 3572780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- MKC is part of the Food Products industry. There are 88 other stocks in this industry, MKC did better than 47% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MKC has an average technical rating and also the quality of the setup is only medium 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.
More info and screens
60.18
When analyzing the support we can see 2 important areas.
- A support zone ranging from 66.05 to 67.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 60.79 to 60.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 68.41 to 69.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 70.62 to 71.11. This zone is formed by a combination of multiple trend lines in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for MKC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MKC is up. |
| ChartMill Relative Strength | 26.78 | NEGATIVE | MKC has a low relative strength, it was outperformed by 73.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MKC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MKC is above the rising 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) | 58.86 | NEUTRAL | The RSI value for MKC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.63 | POSITIVE | The MACD value suggests MKC has a positive trend. |
| Stochastics (14,3) | 89.16 | OVERBOUGHT | The high Stochastics value suggests MKC may be overbought. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for MKC suggests some volalility. |
| Average Directional Index/ADX (14) | 23.1 | NEUTRAL | The ADX value for MKC suggests a possible start of a new trend. |
67.83
+0.41 (+0.61%)
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 5 / 10 to MKC.
Can you provide the trend direction for MCCORMICK & CO-NON VTG SHRS?
The current trend direction for MCCORMICK & CO-NON VTG SHRS (MKC) is Bearish.
What is the RSI signal for MKC stock?
MCCORMICK & CO-NON VTG SHRS (MKC) has an RSI value of 58.8555. This indicates that the stock is currently neutral.
What is the MACD signal for MCCORMICK & CO-NON VTG SHRS (MKC) stock?
The MACD indicator for MCCORMICK & CO-NON VTG SHRS (MKC) has a value of 0.630021, indicating a bearish trend.