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Archive
- 4/17/2025 -
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McKesson Corp. (New) (MCK) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a ninth consecutive positive week for the McKesson Corp. (New) (MCK). During the week, the MCK gained 7.68 points, or 1.11%, and closed at 697.08 on Thursday, April 17, 2025. Weekly volume was 10% above 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 728.30 on April 4, 2025. MCK gained -622.19 points, or -586.36%, in 327 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (506.98) 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 September 24, 2024 at 464.42 and reached 728.30 on April 4, 2025. MCK gained -263.88 points, or -56.82%, in 27 weeks. The price is now at the 11.83% retracement level.
 Weekly Technical Indicators: [See MCK weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Relative Strength Index is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Relative Strength Index. 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 and Relative Strength Index 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. 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 April 9, 2025 at 641.70 and reached 702.21 on April 15, 2025. MCK gained -60.51 points, or -9.43%, in 6 days. The price is now at the 8.48% retracement level.
 Daily Technical Indicators: [See MCK daily technical indicators chart]
Daily technical indicators are neutral.
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.
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