The Greedy Trader Weekly Analysis
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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.

Archive
- 12/12/2025 -
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McKesson Corp. (New) (MCK) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineStochastic signal line moved below overbought areaBroken trend resistance line
Daily :Stochastic has raised above the signal linePrice is close to the 50 Day Moving Average
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It was a first positive week for the McKesson Corp. (New) (MCK). During the week, the MCK climbed 5.18 points, or 0.64%, and closed at 813.80 on Friday, December 12, 2025. Weekly volume was 9% above 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 (520.74) 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 August 12, 2025 at 637.00 and reached 895.58 on November 26, 2025. MCK gained -258.58 points, or -40.59%, in 15 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (897.47) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.

Weekly Technical Indicators: [See MCK weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 Lane's Stochastic 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. 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 826.00 on December 12, 2025. MCK gained -36.04 points, or -4.56%, in 4 days. The price is now at the 33.85% retracement level.

Daily Technical Indicators: [See MCK daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since November 28, 2025.

Price is close to the 50 Day Moving Average. 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) 33.41
Williams' Percentage Range (W%R) 73.00
Lane's Stochastic (%D-Slow) 20.06
Greed/Fear Indicator (GFI) 26.82
Moving Average Converg./Diverg. (MACD) 1.82
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.44
Williams' Percentage Range (W%R) 29.80
Lane's Stochastic (%D-Slow) 75.31
Greed/Fear Indicator (GFI) 68.51
Moving Average Converg./Diverg. (MACD) 37.01
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 933.10
Quarterly Trendline Support 897.47
Upper Bollinger Band 886.73
Weekly Stochastic Crossing 860.88
Parabolic System 842.08
20 Day Moving Average 840.02
50 Day Moving Average 817.15
Price 813.80
Daily Stochastic Crossing 800.49
Yearly Trendline Resistance 770.85
Lower Bollinger Band 768.15
Sector and Industry
Description Name Rank
Sector Health Care 10
Industry Health Care Distributors 112
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 789.96
Low Date 12/08/2025
High 826.00
High Date 12/12/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 789.96
Low Date 12/08/2025
High 826.00
High Date 12/12/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 895.58
High Date 11/26/2025
Low 789.96
Low Date 12/08/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 933.10
Support 897.47
Low 637.00
Low Date 08/12/2025
High 895.58
High Date 11/26/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 770.85
Support 520.74
Low 106.11
Low Date 12/24/2018
High 895.58
High Date 11/26/2025
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.