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.

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- 2/6/2026 -
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McKesson Corp. (New) (MCK) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range is overboughtThe price is above the upper Bollinger Band20 Day Moving Average has crossed above the 50 Day Moving AverageThe period of high volatility of the stock price
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It was a second consecutive positive week for the McKesson Corp. (New) (MCK). During the week, the MCK gained 117.47 points, or 14.13%, and closed at 948.68 on Friday, February 6, 2026. Weekly volume was 61% above 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 (530.07) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 December 8, 2025 at 789.96 and reached 971.93 on February 5, 2026. MCK gained -181.97 points, or -23.04%, in 8 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (812.48) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.

Weekly Technical Indicators: [See MCK weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 below its signal line since December 26, 2025. The distance between MACD and the signal line is low and getting smaller. 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 January 21, 2026 at 807.00 and reached 971.93 on February 5, 2026. MCK gained -164.93 points, or -20.44%, in 15 days. The price is now at the 14.10% 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 January 29, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is 103.24% 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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) 70.96
Williams' Percentage Range (W%R) 10.30
Overbought
Lane's Stochastic (%D-Slow) 76.88
Greed/Fear Indicator (GFI) 79.19
Moving Average Converg./Diverg. (MACD) 7.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.71
Williams' Percentage Range (W%R) 6.00
Strong Overbought
Lane's Stochastic (%D-Slow) 40.52
Greed/Fear Indicator (GFI) 63.97
Moving Average Converg./Diverg. (MACD) 34.95
Trading Signals
Description Value Chart
Price 948.68
Daily Stochastic Crossing 928.94
Upper Bollinger Band 927.70
Weekly Stochastic Crossing 870.29
Monthly Trendline Resistance 854.55
20 Day Moving Average 841.69
Parabolic System 838.45
50 Day Moving Average 831.97
Monthly Trendline Support 812.48
Yearly Trendline Resistance 786.36
Lower Bollinger Band 774.03
Sector and Industry
Description Name Rank
Sector Health Care 5
Industry Health Care Distributors 74
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 817.17
Low Date 02/04/2026
High 971.93
High Date 02/05/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 807.00
Low Date 01/21/2026
High 971.93
High Date 02/05/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 854.55
Support 812.48
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 786.36
Support 530.07
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.