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Downtrend Broken Resist.Archive
- 1/9/2026 -
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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 -7.38 points, or -0.90%, and closed at 816.06 on Friday, January 9, 2026. Weekly volume was -23% 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 895.58 on November 26, 2025. MCK gained -789.47 points, or -744.01%, in 361 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (525.28) 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 downtrend had started on November 26, 2025 at 895.58 and reached 789.96 on December 8, 2025. MCK lost 105.62 points, or 11.79%, in 1 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See MCK weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since December 26, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend 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 December 8, 2025 at 789.96 and reached 844.69 on January 7, 2026. MCK gained -54.73 points, or -6.93%, in 30 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 795.62 and resistance is at 848.35. 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 short-term trend.
Daily Technical Indicators: [See MCK daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish 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.
The distance between the Bollinger Bands (3.25%) is close to one year low (3.13%). It is 59.98% lower than one year average. 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.
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