The Greedy Trader Weekly Analysis
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Number of records: 15
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Downtrend Broken Resistance
Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance
McKesson Corp. (New)
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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Relative Strength Index and Williams' Percentage Range are oversoldStochastic signal line moved above oversold areaA Parabolic SAR indicator is below and near the priceThe Bollinger Bands are historically far apart
Move cursor over the icon to see details.

It was a first positive week for the McKesson Corp. (New) (MCK). During the week, the MCK gained 1.57 points, or 1.05%, and closed at 150.50 on Friday, February 16, 2018. MCK was trading at average weekly trading volume.

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 downtrend had started on May 19, 2015 at 243.61 and reached 114.53 on October 28, 2016. MCK lost 129.08 points, or 52.99%, in 75 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (70.40) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See MCK medium-term trend chart]
A medium-term downtrend had started on July 17, 2017 at 168.87 and reached 143.08 on February 13, 2018. MCK lost 25.79 points, or 15.27%, in 30 weeks. The price is now at the 28.77% retracement level.

Weekly Technical Indicators: [See MCK weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since December 8, 2017. 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 February 13, 2018 at 143.08 and reached 152.04 on February 16, 2018. MCK gained -8.96 points, or -6.26%, in 3 days. The price is now at the 17.19% retracement level.

Daily Technical Indicators: [See MCK daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index and Williams' Percentage Range. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is below its signal line since January 30, 2018.

A Parabolic SAR (stop and reversal) indicator (151.76) comes close to the price (150.50). It indicates that the trend is getting weaker. 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 distance between the Bollinger Bands (30.06%) is close to one year high (25.03%). It is 178.40% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 13.79
Oversold
Williams' Percentage Range (W%R) 85.60
Oversold
Lane's Stochastic (%D-Slow) 28.55
Greed/Fear Indicator (GFI) 18.91
Oversold
Moving Average Converg./Diverg. (MACD) -2.52
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.88
Williams' Percentage Range (W%R) 68.70
Lane's Stochastic (%D-Slow) 58.81
Greed/Fear Indicator (GFI) 48.43
Moving Average Converg./Diverg. (MACD) 1.68
Trading Signals
Description Value Chart
Upper Bollinger Band 179.05
Weekly Stochastic Crossing 160.80
20 Day Moving Average 160.63
50 Day Moving Average 160.02
Parabolic System 151.76
Price 150.50
Daily Stochastic Crossing 147.32
Lower Bollinger Band 133.81
Yearly Trendline Resistance 130.66
Sector and Industry
Description Name Rank
Sector Services 9
Industry Drugs Wholesale 110
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 143.08
Low Date 02/13/2018
High 152.04
High Date 02/16/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 143.08
Low Date 02/13/2018
High 152.04
High Date 02/16/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 178.86
High Date 01/29/2018
Low 143.08
Low Date 02/13/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 168.87
High Date 07/17/2017
Low 143.08
Low Date 02/13/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 130.66
Support 70.40
High 243.61
High Date 05/19/2015
Low 114.53
Low Date 10/28/2016
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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