The Hourly View for MKC
At the moment, MKC (Get Ratings)’s price is up $0.1 (0.11%) from the hour prior. The hourly chart shows that MKC has seen 2 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning above it. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
MKC ranks 8th in terms of today’s price percentage change out of Food Products stocks.
MKC’s Technical Outlook on the Daily Chart
Currently, MKC’s price is up $0.27 (0.31%) from the day prior. This move is a reversal from the day prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows MKC’s price action over the past 90 days.