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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- 4/17/2026 -
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McKesson Corp. (New) (MCK) Technical Analysis

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Summary:
Weekly :Broken trend support lineOversold sectorBroken trend resistance line
Daily :Daily  MACD line has moved above its signal linePrice is near the Fibonacci 38.2% retracement levelThe period of low 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 climbed 0.78 points, or 0.09%, and closed at 866.38 on Friday, April 17, 2026. Weekly volume was -23% below average.

MCK is a member of Health Care Sector. Health Care is the second most oversold 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 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 (542.17) 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 (939.76) 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.

The weekly MACD line is below its signal line since March 20, 2026. The distance between MACD and the signal line is relatively high and getting bigger. 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 April 7, 2026 at 845.52 and reached 879.10 on April 9, 2026. MCK gained -33.58 points, or -3.97%, in 2 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The distance between the Bollinger Bands is falling, and it was 4.01% on Friday. It is 58.10% lower than one year average. It indicates the period of low 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) 53.67
Williams' Percentage Range (W%R) 63.60
Lane's Stochastic (%D-Slow) 51.41
Greed/Fear Indicator (GFI) 47.16
Moving Average Converg./Diverg. (MACD) -13.71
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.55
Williams' Percentage Range (W%R) 63.20
Lane's Stochastic (%D-Slow) 33.09
Greed/Fear Indicator (GFI) 40.94
Moving Average Converg./Diverg. (MACD) 41.81
Trading Signals
Description Value Chart
Quarterly Trendline Support 939.76
50 Day Moving Average 916.14
Upper Bollinger Band 894.57
Weekly Stochastic Crossing 884.59
20 Day Moving Average 868.93
Price 866.38
Daily Stochastic Crossing 865.66
Lower Bollinger Band 859.79
Monthly Trendline Support 858.42
Parabolic System 851.59
Monthly Trendline Resistance 851.13
Yearly Trendline Resistance 806.48
Sector and Industry
Description Name Rank
Sector Health Care 2
Industry Health Care Distributors 43
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 855.11
Low Date 04/10/2026
High 875.53
High Date 04/14/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 845.52
Low Date 04/07/2026
High 879.10
High Date 04/09/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 851.13
Support 858.42
High 999.00
High Date 03/03/2026
Low 845.52
Low Date 04/07/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 1058.69
Support 939.76
Low 637.00
Low Date 08/12/2025
High 999.00
High Date 03/03/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 806.48
Support 542.17
Low 106.11
Low Date 12/24/2018
High 999.00
High Date 03/03/2026
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.