|
|
Downtrend Broken Resist.Archive
- 9/22/2023 -
Sign In to see current Signals. |
McKesson Corp. (New) (MCK) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week for the McKesson Corp. (New) (MCK). During the week, the MCK gained 18.53 points, or 4.41%, and closed at 438.66 on Friday, September 22, 2023. Weekly volume was -15% 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 444.80 on September 20, 2023. MCK gained -338.69 points, or -319.19%, in 247 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 168.59 and resistance is at 478.16. 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 uptrend had started on March 15, 2023 at 331.75 and reached 444.80 on September 20, 2023. MCK gained -113.05 points, or -34.08%, in 27 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 415.63 and resistance is at 482.91. 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 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. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 Williams' Percentage Range help.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 September 14, 2023 at 417.65 and reached 444.80 on September 20, 2023. MCK gained -27.15 points, or -6.50%, in 6 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since September 12, 2023. This is an indication that the short-term trend is up.
| |
|
|