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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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- 2/20/2026 -
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McKesson Corp. (New) (MCK) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance line
Daily :The period of high volatility of the stock price
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It was a first positive week for the McKesson Corp. (New) (MCK). During the week, the MCK gained 12.73 points, or 1.36%, and closed at 947.48 on Friday, February 20, 2026. Weekly volume was -23% 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 971.93 on February 5, 2026. MCK gained -865.82 points, or -815.96%, in 371 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (532.34) 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 971.93 on February 5, 2026. MCK gained -334.93 points, or -52.58%, in 25 weeks. The price is now at the 7.30% retracement level.

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 February 6, 2026. 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 February 12, 2026 at 894.59 and reached 950.76 on February 19, 2026. MCK gained -56.17 points, or -6.28%, in 7 days. The price is now at the 5.84% retracement level.

Daily Technical Indicators: [See MCK daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since January 29, 2026. 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.

The distance between the Bollinger Bands is 183.05% higher then one year average. It indicates the period of high volatility of the stock price. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.05
Williams' Percentage Range (W%R) 21.60
Lane's Stochastic (%D-Slow) 72.66
Greed/Fear Indicator (GFI) 72.71
Moving Average Converg./Diverg. (MACD) 27.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.36
Williams' Percentage Range (W%R) 14.40
Overbought
Lane's Stochastic (%D-Slow) 59.03
Greed/Fear Indicator (GFI) 66.88
Moving Average Converg./Diverg. (MACD) 37.03
Trading Signals
Description Value Chart
Upper Bollinger Band 1018.05
Daily Stochastic Crossing 947.76
Price 947.48
Parabolic System 908.91
Weekly Stochastic Crossing 908.90
20 Day Moving Average 893.34
50 Day Moving Average 850.23
Yearly Trendline Resistance 790.13
Lower Bollinger Band 788.60
Sector and Industry
Description Name Rank
Sector Health Care 5
Industry Health Care Distributors 64
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 894.59
Low Date 02/12/2026
High 950.76
High Date 02/19/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 971.93
High Date 02/05/2026
Low 894.59
Low Date 02/12/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 789.96
Low Date 12/08/2025
High 971.93
High Date 02/05/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 637.00
Low Date 08/12/2025
High 971.93
High Date 02/05/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 790.13
Support 532.34
Low 106.11
Low Date 12/24/2018
High 971.93
High Date 02/05/2026
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.