Mccormick & Company, Incorporated Non-vtg Cs | MKC

Daily Technical Analysis of Mccormick & Company, Incorporated Non-vtg Cs

Mccormick & Company is down a bit on the day, funds flowing out kept the price down -1.11% since yesterday.

It looks like Mccormick & Company isn't currently at a very decisive point in regards to support/resistance levels. Momentum wise Mccormick & Company, has been oscillating up and down but hasn't shown much directional energy that would be predictive to the near future. MKC might find some support at the 70.68 level, buyers might push the price back up from here. But it's not very clear what will happen.

Analyst Ratings for Mccormick & Company By Price Target And Rating

Overall, the analysts have a more negative view on McCormick & Company but it's not a very strong negative. The current Analysts Sentiment Score is -10.52. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. JPMorgan Chase & Co. provided a price target boost to 66.0071.00 on 2023-07-06. On 2023-07-02 Barclays increased their price target to 77.0085.00. Bank of America submitted an upgrade of Underperform ➝ Buy on 2023-06-06 and added a price target of $75.00100.00. Stifel Nicolaus initiated a rating of Hold on 2023-04-13 and provided a price target of $82.00. Deutsche Bank Aktiengesel gave a boost to their price target and increased it to 69.0075.00 on 2023-03-29. On 2023-03-21 Credit Suisse Group decreased their price target to 75.0072.00. UBS Group initiated a rating of Sell on 2023-03-10 and provided a price target of $71.00. Sanford C. Bernstein submitted an upgrade of Market Perform ➝ Outperform on 2023-01-27 and they set their price target at $90.00. Exane BNP Paribas initiated a rating of Underperform ➝ Outperform on 2022-11-15 and added a price target of $94.00. BNP Paribas initiated a rating of Outperform on 2022-11-15 and added a price target of $94.00.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
MKC	-10.52	3.93	-55.9	33.85	-2.91

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2022-05-02)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
MKC	0.00	-3.28

Short interest for McCormick & Company

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
MKC	3	%2.49459	4.1	-16.896	6230000

How McCormick & Company compares to the broader Consumer Defensive sector and the more specific Consumer Packaged Goods industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Consumer Packaged Goods Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	51	-1.01	-1.87	-1.93	-0.79	-0.63	9.09	54.22	-9.39	4.53	6.35	-12559.19	-9948.29	5.88	1.96	4.03	16.19
Consumer Defensive Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	106	-0.64	-2.02	-2.39	-0.71	0.31	8.33	52.42	-0.99	3.92	8.16	-12905.87	-11408.23	6.37	5.66	4.13	31.39

Social Sentiment for McCormick & Company

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
MKC

Companies with the highest correlation to McCormick & Company

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Short Interest Score
CHD \| Church & Dwight Co., Inc.	0.91	-0.35	-0.48	1.49	-4.32	10.13	25.92	84	21.62	35.53	44.93	-472.65	-15536.91	2.12687
HSY \| The Hershey Company	0.86	-0.10	-2.49	-4.31	-16.38	-16.11	-7.80	37	-24.38	-9.42	-9.17	-16784.30	416.56	2.3787
CPB \| Campbell Soup Company	0.85	-0.68	-0.26	1.26	-6.31	-21.87	-13.36	27	-133.70	-26.91	-19.49	-11999.61	-1575.35	6.91318
MDLZ \| Mondelez International, I	0.82	-0.40	-1.99	-1.50	-2.56	2.01	17.78	38	3.06	10.75	28.43	-4274.54	299.39	1.30328
GIS \| General Mills, Inc.	0.78	-1.01	-1.41	-5.19	-15.05	-23.56	-19.76	17	-135.12	-15.09	-15.74	-23110.05	-28.93	3.48423
CAG \| Conagra Brands, Inc.	0.77	-0.59	0.49	-3.86	-13.36	-22.44	-16.97	38	-152.20	-23.47	-17.11	-25421.04	0.00	3.18284
K \| Kellogg Company	0.76	-0.41	0.08	-1.68	-9.89	-8.03	-18.20	37	-25.67	-15.64	-19.79	-26213.91	150.63	4.24114
CL \| Colgate-Palmolive Company	0.68	-1.05	-1.90	-1.87	-5.37	-1.32	-3.86	38	-1.44	0.12	2.73	-10749.60	-2686.51	1.27857

Top 3 correlating companies

See full charts for all peers

Research

Estimates

Ratings

Short Interest

Smart Money

Options

Financials

Social

Misc