McKesson Corp. (New)
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|It was the negative week for the McKesson Corp. (New) (MCK). During the week, the MCK gave back -0.29 points, or -0.19%, and closed at 148.92 on Friday, May 18, 2018. Weekly volume was -44% below average. |
MCK is a member of Services Sector. Services is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
Long-term trend: [See MCK long-term trend chart]
A long-term uptrend had started on October 28, 2016 at 114.53 and reached 178.86 on January 29, 2018. MCK gained -64.33 points, or -56.17%, in 65 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 142.63 and resistance is at 183.17. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
Medium-term trend: [See MCK medium-term trend chart]
A medium-term uptrend had started on March 26, 2018 at 137.10 and reached 160.84 on April 30, 2018. MCK gained -23.74 points, or -17.32%, in 5 weeks. The price is now at the 50.21% retracement level.
Weekly Technical Indicators: [See MCK weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 16, 2018. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
Short-term trend: [See MCK short-term trend chart]
A short-term uptrend had started on May 8, 2018 at 142.57 and reached 151.86 on May 17, 2018. MCK gained -9.29 points, or -6.52%, in 9 days. The price is now at the 31.65% retracement level.
Daily Technical Indicators: [See MCK daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The price is close to the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.