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Takip Edin: @UscMarketsMKC Stock Forecast & McCormick & Company Chart Analysis
This article provides a detailed analysis of MKC-McCormick & Company stock including a forecast for MKC shares. It features McCormick & Company, Incorporated technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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MKC Historical Data Review
MKC Current Price Performance Analysis
The McCormick & Company - MKC stock traded on the American stock market, on 06-05-2024, closed at 68.31$ with a %-0.81 decreased compared to the previous day.
In the last month, the price of MKC changed by %-9.83 decreased in value, from 75.76 dollars on 05-06-2024 to 68.31 dollars, decreased.
Last year, the price of MKC was 90.15 dollars on 06-06-2023, and changed by %-24.23 decreased in value, to 68.31 dollars decreased within a year.
The price of McCormick & Company stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
MKC with AI Stock Forecast & Price Target
On the MKC chart McCormick & Company price was recorded as 68.31 Dollars on 06/05/2024.
The artificial intelligence's forecast on MKC stock is as follows.
The artificial intelligence's prediction error margin for MKC stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for McCormick & Company stock over the next 4 months is: 67.3 Dollars.
The commentary on MKC stock Target Price: Highest: 73.481 Dollars is predicted.
The commentary on MKC stock Target Price: Lowest: 57.813 Dollars is predicted.
Resistance Price where McCormick & Company stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 08-14-2024 | 63.977 |
| 10-03-2024 | 69.442 |
| 11-22-2024 | 73.481 |
| 12-02-2024 | 73.452 |
Support Price where McCormick & Company stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-09-2024 | 63.949 |
| 08-19-2024 | 63.964 |
| 10-08-2024 | 69.426 |
| 11-27-2024 | 73.347 |
| 04-11-2025 | 57.813 |
The commentary on MKC stock: The target price can generally be said to be on the decline.
The commentary on MKC stock: Fluctuations in the target price can be expected in the coming days.
The target price for McCormick & Company stock by the end of 2024 is predicted to be 72.806 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on MKC stock, and the 2024 target price predictions for McCormick & Company are detailed above.
The technical analysis and charts for the commentary on MKC stock are below.
MKC Support & Resistance and Trend Analysis
MKC stock you have reviewed the technical analysis support resistance charts regarding.
MKC : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the MKC review, the McCormick & Company support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
McCormick & Company Support and Resistance Prices:
| MKC Support Level Price | MKC Resistance Level Price |
|---|---|
| 63.67 | 67.01 |
| 63.88 | 69.87 |
| 64.33 | 70.07 |
| 66.49 | 70.48 |
| 66.51 | 70.54 |
| 67.02 | 76.84 |
| 71.36 | 76.90 |
| 73.68 | 77.77 |
| 73.89 | 78.41 |
MKC Technical Analysis: SMA, RSI, MACD
Upon reviewing the MKC chart, buy and sell signals have been generated in the McCormick & Company technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for MKC stock are as follows:- MKC technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for McCormick & Company gave a 'Buy' signal when the RSI was at 26.293, with the current RSI value at 21.377.
- The technical analysis for McCormick & Company indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for McCormick & Company stock: Click here to read more predictions on Koninklijke Philips N.V. stock.
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