Live monitoring of the Bearish Flag setup on MKC. See where price is heading.
Bearish continuation if preceding move was down.
Indecision. Widening then narrowing range.
Technical analysis of McCormick & Company (MKC) reveals a significant setup. With a last close of $53.84, volatility remains active (-0.5%). Price action has carved out a classic Diamond. Volume is average (0.63x avg) with moderate trend strength (10.6). A potential breakout level is identified at $47.52, targeting $25.14 with support near $58.71 (R:R 2.0).
What is your outlook on MKC?