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Archive
- 6/6/2025 -
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McKesson Corp. (New) (MCK) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the McKesson Corp. (New) (MCK). During the week, the MCK gave back -6.62 points, or -0.92%, and closed at 712.89 on Friday, June 6, 2025. Weekly volume was -24% below average.
 Long-term trend: [See MCK long-term trend chart]
A long-term uptrend had started on December 24, 2018 at 106.11 and reached 731.00 on May 20, 2025. MCK gained -624.89 points, or -588.91%, in 334 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (516.19) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 uptrend had started on December 17, 2024 at 558.10 and reached 731.00 on May 20, 2025. MCK gained -172.90 points, or -30.98%, in 22 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 684.71 and resistance is at 753.72. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See MCK weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 above its signal line since November 8, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend 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 May 20, 2025 at 731.00 and reached 702.57 on June 6, 2025. MCK lost 28.43 points, or 3.89%, in 17 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See MCK daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since May 27, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
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