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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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- 11/28/2025 -
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McKesson Corp. (New) (MCK) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineTrend support at 881.43
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtDaily  MACD line has moved above its signal line
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It was a second consecutive positive week for the McKesson Corp. (New) (MCK). During the week, the MCK gained 15.09 points, or 1.74%, and closed at 881.12 on Friday, November 28, 2025. Weekly volume was -15% below 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 (518.21) 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 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 price is near the trend support (881.43) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See MCK weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range 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. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 November 20, 2025 at 845.48 and reached 895.58 on November 26, 2025. MCK gained -50.10 points, or -5.93%, in 6 days. The price is now at the 28.86% retracement level.

Daily Technical Indicators: [See MCK daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.82
Williams' Percentage Range (W%R) 13.00
Overbought
Lane's Stochastic (%D-Slow) 85.30
Overbought
Greed/Fear Indicator (GFI) 78.37
Moving Average Converg./Diverg. (MACD) 21.86
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 83.24
Overbought
Williams' Percentage Range (W%R) 5.10
Strong Overbought
Lane's Stochastic (%D-Slow) 92.41
Strong Overbought
Greed/Fear Indicator (GFI) 84.77
Overbought
Moving Average Converg./Diverg. (MACD) 32.81
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 914.82
Upper Bollinger Band 887.86
Daily Stochastic Crossing 887.30
Weekly Stochastic Crossing 882.08
Quarterly Trendline Support 881.43
Price 881.12
Parabolic System 861.48
20 Day Moving Average 854.07
Lower Bollinger Band 813.13
50 Day Moving Average 803.20
Yearly Trendline Resistance 766.66
Sector and Industry
Description Name Rank
Sector Health Care 12
Industry Health Care Distributors 117
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 845.48
Low Date 11/20/2025
High 895.58
High Date 11/26/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 845.48
Low Date 11/20/2025
High 895.58
High Date 11/26/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 836.95
Low Date 11/13/2025
High 895.58
High Date 11/26/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 914.82
Support 881.43
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 766.66
Support 518.21
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.