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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.

Archive
- 4/2/2026 -
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McKesson Corp. (New) (MCK) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageStochastic has raised above the signal lineThe price has risen above the Parabolic SAR
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It was a first positive week for the McKesson Corp. (New) (MCK). During the week, the MCK gained 24.12 points, or 2.80%, and closed at 884.28 on Thursday, April 2, 2026. It was the best weekly gain since February 27, 2026. Weekly volume was -11% 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 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 (539.65) 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 (922.36) 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. 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 March 31, 2026 at 846.73 and reached 887.25 on April 2, 2026. MCK gained -40.52 points, or -4.79%, in 2 days. The price is now at the 7.33% retracement level.

Daily Technical Indicators: [See MCK daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 link to access Lane's Stochastic help.

The daily MACD line is below its signal line since March 4, 2026. The distance between MACD and the signal line is low and getting smaller.

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 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 26.29
Williams' Percentage Range (W%R) 77.50
Lane's Stochastic (%D-Slow) 29.40
Greed/Fear Indicator (GFI) 26.05
Moving Average Converg./Diverg. (MACD) -11.53
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.27
Williams' Percentage Range (W%R) 60.70
Lane's Stochastic (%D-Slow) 57.48
Greed/Fear Indicator (GFI) 50.22
Moving Average Converg./Diverg. (MACD) 45.62
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 1041.29
Upper Bollinger Band 959.42
Quarterly Trendline Support 922.36
Weekly Stochastic Crossing 921.63
50 Day Moving Average 909.13
20 Day Moving Average 902.23
Monthly Trendline Resistance 902.17
Price 884.28
Daily Stochastic Crossing 862.54
Parabolic System 845.88
Lower Bollinger Band 833.22
Monthly Trendline Support 831.01
Yearly Trendline Resistance 802.29
Sector and Industry
Description Name Rank
Sector Health Care 5
Industry Health Care Distributors 63
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 846.73
Low Date 03/31/2026
High 887.25
High Date 04/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 846.73
Low Date 03/31/2026
High 887.25
High Date 04/02/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 902.17
Support 831.01
High 999.00
High Date 03/03/2026
Low 846.73
Low Date 03/31/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 1041.29
Support 922.36
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 802.29
Support 539.65
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.