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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.

Downtrend Broken Resist.

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- 10/10/2025 -
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McKesson Corp. (New) (MCK) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtTrend resistance at 752.40
Daily :Williams' Percentage Range is overbought
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It was a first positive week for the McKesson Corp. (New) (MCK). During the week, the MCK gained 25.49 points, or 3.45%, and closed at 763.55 on Friday, October 10, 2025. Weekly volume was -33% below average.

MCK is a member of Health Care Sector. Health Care 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 uptrend had started on December 24, 2018 at 106.11 and reached 776.14 on October 1, 2025. MCK gained -670.03 points, or -631.45%, in 353 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (752.40). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See MCK medium-term trend chart]
A medium-term uptrend had started on August 12, 2025 at 637.00 and reached 776.14 on October 1, 2025. MCK gained -139.14 points, or -21.84%, in 7 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 713.02 and resistance is at 800.56. 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 September 26, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 October 3, 2025 at 730.04 and reached 769.44 on October 10, 2025. MCK gained -39.40 points, or -5.40%, in 7 days. The price is now at the 14.95% retracement level.

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 22, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.12
Williams' Percentage Range (W%R) 19.40
Overbought
Lane's Stochastic (%D-Slow) 57.79
Greed/Fear Indicator (GFI) 68.84
Moving Average Converg./Diverg. (MACD) 14.69
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.75
Williams' Percentage Range (W%R) 12.30
Overbought
Lane's Stochastic (%D-Slow) 79.35
Greed/Fear Indicator (GFI) 74.13
Moving Average Converg./Diverg. (MACD) 17.92
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 800.56
Upper Bollinger Band 796.54
Price 763.55
Daily Stochastic Crossing 758.42
Weekly Stochastic Crossing 754.82
Yearly Trendline Resistance 752.40
Parabolic System 744.28
20 Day Moving Average 736.89
Quarterly Trendline Support 713.02
50 Day Moving Average 707.86
Lower Bollinger Band 682.30
Sector and Industry
Description Name Rank
Sector Health Care 9
Industry Health Care Distributors 58
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 730.04
Low Date 10/03/2025
High 769.44
High Date 10/10/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 730.04
Low Date 10/03/2025
High 769.44
High Date 10/10/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 776.14
High Date 10/01/2025
Low 730.04
Low Date 10/03/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 800.56
Support 713.02
Low 637.00
Low Date 08/12/2025
High 776.14
High Date 10/01/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 752.40
Support 509.64
Low 106.11
Low Date 12/24/2018
High 776.14
High Date 10/01/2025
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.