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 :Williams' Percentage Range is oversold
Daily :Williams' Percentage Range is overboughtPrice is close to the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
Move cursor over the icon to see details.

It was the negative week for the McKesson Corp. (New) (MCK). During the week, the MCK gave back -1.18 points, or -0.91%, and closed at 128.56 on Friday, September 14, 2018. Weekly volume was -15% below average.

Long-term trend: [See MCK long-term trend chart]
A long-term downtrend had started on January 1, 1900 at 0.00 and reached 0.00 on January 1, 1900. MCK lost 0.00 points, or 0%, in 0 weeks. The chart has formed a N/A chart pattern.

Medium-term trend: [See MCK medium-term trend chart]
A medium-term downtrend had started on January 29, 2018 at 178.86 and reached 122.49 on September 5, 2018. MCK lost 56.37 points, or 31.52%, in 31 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 120.24 and resistance is at 130.24. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See MCK weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since February 16, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See MCK short-term trend chart]
A short-term downtrend had started on September 13, 2018 at 131.86 and reached 128.45 on September 14, 2018. MCK lost 3.41 points, or 2.59%, in 1 days. Price is near the trend low.

Daily Technical Indicators: [See MCK daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

The daily MACD line is above its signal line since September 6, 2018. The distance between MACD and the signal line is low, but getting bigger.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (6.44%) is close to one year low (6.02%). It indicates the period of low volatility of the stock price, and it is considered a buy 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.

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.67
Williams' Percentage Range (W%R) 19.80
Overbought
Lane's Stochastic (%D-Slow) 79.00
Greed/Fear Indicator (GFI) 68.61
Moving Average Converg./Diverg. (MACD) -0.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.64
Williams' Percentage Range (W%R) 80.40
Oversold
Lane's Stochastic (%D-Slow) 27.49
Greed/Fear Indicator (GFI) 28.53
Moving Average Converg./Diverg. (MACD) -5.26
Trading Signals
Description Value Chart
Upper Bollinger Band 132.86
Quarterly Trendline Resistance 130.24
Daily Stochastic Crossing 129.73
50 Day Moving Average 129.58
20 Day Moving Average 128.98
Price 128.56
Weekly Stochastic Crossing 126.16
Parabolic System 125.10
Lower Bollinger Band 124.58
Quarterly Trendline Support 120.24
Sector and Industry
Description Name Rank
Sector Services 7
Industry Drugs Wholesale 38
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 131.86
High Date 09/13/2018
Low 128.45
Low Date 09/14/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 131.86
High Date 09/13/2018
Low 128.45
Low Date 09/14/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 160.84
High Date 04/30/2018
Low 122.49
Low Date 09/05/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 130.24
Support 120.24
High 178.86
High Date 01/29/2018
Low 122.49
Low Date 09/05/2018
Description Value
Direction Down
Chart Pattern N/A
Status
Resistance
Support
High 0.00
High Date 01/01/1900
Low 0.00
Low Date 01/01/1900
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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