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Downtrend Broken Resist.Archive
- 6/5/2026 -
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McKesson Corp. (New) (MCK) Technical Analysis
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| Summary:
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| | It was a first positive week for the McKesson Corp. (New) (MCK). During the week, the MCK gained 33.22 points, or 4.47%, and closed at 775.66 on Friday, June 5, 2026. It was the best weekly gain since February 27, 2026. Weekly volume was 11% 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 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 trend support level is at 550.75 and resistance is at 804.63. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See MCK medium-term trend chart]
A medium-term downtrend had started on March 3, 2026 at 999.00 and reached 723.68 on May 11, 2026. MCK lost 275.32 points, or 27.56%, in 9 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (723.21) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See MCK weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 and Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 20, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 May 19, 2026 at 782.48 and reached 729.19 on June 3, 2026. MCK lost 53.29 points, or 6.81%, in 15 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (722.12) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a short-term trend.
 Daily Technical Indicators: [See MCK daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since May 15, 2026.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.
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