MCCORMICK & CO-NON VTG SHRS (MKC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MKC - US5797802064 - Common Stock
Overall MKC gets a technical rating of 1 out of 10. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, MKC is a bad performer in the overall market: 74% of all stocks are doing better.
- 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.
- In the last month MKC has a been trading in the 64.92 - 69.75 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- MKC has an average volume of 2851370 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 87 other stocks in this industry, MKC did better than 58% of them.
- Volume is considerably higher in the last couple of days.
MKC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 64.30, 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
62.67
We found 1 important support area.
- A support zone ranging from 63.30 to 64.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 66.73 to 69.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 70.62 to 71.11. This zone is formed by a combination of multiple trend lines in the daily 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 | 26.19 | NEGATIVE | MKC has a low relative strength, it was outperformed by 73.81% 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) | UP | MIXED | The current price of MKC is below 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) | 46.56 | NEUTRAL | The RSI value for MKC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests MKC has a negative trend. |
| Stochastics (14,3) | 48.95 | NEUTRAL | The Stochastics value for MKC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for MKC suggests some volalility. |
| Average Directional Index/ADX (14) | 14.07 | NEGATIVE | The low ADX value for MKC suggests a weak or negative trend. |
66.56
-1.27 (-1.87%)
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.
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 46.5588. 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 -0.0904429, indicating a bearish trend.