The Greedy Trader Weekly Analysis
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- 5/23/2025 -
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McKesson Corp. (New) (MCK) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index is overboughtWilliams' Percentage Range is strongly overboughtMACD bearish divergence
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal linePrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the McKesson Corp. (New) (MCK). During the week, the MCK dropped -8.09 points, or -1.12%, and closed at 716.09 on Friday, May 23, 2025. Weekly volume was -14% 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 731.00 on May 20, 2025. MCK gained -624.89 points, or -588.91%, in 334 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (513.76) 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 September 24, 2024 at 464.42 and reached 731.00 on May 20, 2025. MCK gained -266.58 points, or -57.40%, in 34 weeks. The price is now at the 5.59% retracement level.

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. 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 links to access Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 8, 2024. 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 May 12, 2025 at 664.14 and reached 731.00 on May 20, 2025. MCK gained -66.86 points, or -10.07%, in 8 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.

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) 53.56
Williams' Percentage Range (W%R) 23.60
Lane's Stochastic (%D-Slow) 80.64
Overbought
Greed/Fear Indicator (GFI) 70.21
Moving Average Converg./Diverg. (MACD) 7.90
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 85.45
Overbought
Williams' Percentage Range (W%R) 9.50
Strong Overbought
Lane's Stochastic (%D-Slow) 76.88
Greed/Fear Indicator (GFI) 75.89
Moving Average Converg./Diverg. (MACD) 31.42 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 730.53
Daily Stochastic Crossing 718.14
Price 716.09
Weekly Stochastic Crossing 711.29
Parabolic System 708.67
20 Day Moving Average 706.93
50 Day Moving Average 688.92
Lower Bollinger Band 679.78
Sector and Industry
Description Name Rank
Sector Health Care 4
Industry Health Care Distributors 60
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 731.00
High Date 05/20/2025
Low 708.45
Low Date 05/22/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 664.14
Low Date 05/12/2025
High 731.00
High Date 05/20/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 558.10
Low Date 12/17/2024
High 731.00
High Date 05/20/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 464.42
Low Date 09/24/2024
High 731.00
High Date 05/20/2025
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 545.72
Support 513.76
Low 106.11
Low Date 12/24/2018
High 731.00
High Date 05/20/2025
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.