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Downtrend Broken Resist.Archive
- 3/27/2026 -
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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 dropped -25.68 points, or -2.90%, and closed at 860.16 on Friday, March 27, 2026. Weekly volume was -8% 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 999.00 on March 3, 2026. MCK gained -892.89 points, or -841.48%, in 375 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (538.64) 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 999.00 on March 3, 2026. MCK gained -362.00 points, or -56.83%, in 29 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (915.40) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. MCK may retest the broken support line. It is considered to be a resistance line now. 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 MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 March 3, 2026 at 999.00 and reached 852.55 on March 27, 2026. MCK lost 146.45 points, or 14.66%, in 24 days. The price is now at the 5.20% retracement level.
 Daily Technical Indicators: [See MCK daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. 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, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since March 4, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
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