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Archive
- 10/16/2026 -
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McKesson Corp. (New) (MCK) Technical Analysis
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| Summary:
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| | It was a third positive week after 3 consecutive negative weeks for the McKesson Corp. (New) (MCK). During the week, the MCK gained 66.00 points, or 7.03%, and closed at 1004.84 on Friday, October 16, 2026. Weekly volume was -21% 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 1014.99 on October 16, 2026. MCK gained -908.88 points, or -856.55%, in 407 weeks. Price is near the trend high.
 Medium-term trend: [See MCK medium-term trend chart]
A medium-term uptrend had started on May 11, 2026 at 723.68 and reached 1014.99 on October 16, 2026. MCK gained -291.31 points, or -40.25%, in 22 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (996.98). The resistance is usually stronger when technical indicators are overbought. 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 resistance 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 is 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. 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 Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since July 24, 2026. This is an indication that the medium-term trend is up. 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 29, 2026 at 847.29 and reached 1014.99 on October 16, 2026. MCK gained -167.70 points, or -19.79%, in 17 days. The price is now at the 6.05% retracement level.
 Daily Technical Indicators: [See MCK daily technical indicators chart]
Daily 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 daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since October 2, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 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.
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