McKesson Corp. (New)
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|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.