McCormick Technical Analysis (NYSE:MKC)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the McCormick stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the MKC stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for McCormick. The technical analysis form of McCormick stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
McCormick Moving Average
Moving averages show the MKC stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for McCormick are mostly signals of long term trends and will help long term traders.
McCormick Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the MKC stock. McCormick bollinger bands show that the stock price is $106.09, upper band is 107.83, lower band is 99.7, and the average is 103.77.
McCormick Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The McCormick MACD line is below the signal line.
McCormick Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 74.2 is the RSI value of MKC stock.