The Greedy Trader Weekly Analysis
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- 6/12/2026 -
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McKesson Corp. (New) (MCK) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is oversoldTrend resistance at 806.58Broken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtPrice is near the Fibonacci 23.6% retracement level
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It was a second consecutive positive week for the McKesson Corp. (New) (MCK). During the week, the MCK gained 8.39 points, or 1.08%, and closed at 784.05 on Friday, June 12, 2026. Weekly volume was -7% 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 price is near the trend resistance line (806.58). 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 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 Symmetric Triangle chart pattern. The downtrend resistance line (731.60) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. MCK may retest the broken resistance line. It is considered to be a support line now. 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 Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic 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 relatively 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 uptrend had started on June 3, 2026 at 729.19 and reached 800.36 on June 11, 2026. MCK gained -71.17 points, or -9.76%, 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 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 Williams' Percentage Range help.

The daily MACD line is above its signal line since May 15, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.71
Williams' Percentage Range (W%R) 13.60
Overbought
Lane's Stochastic (%D-Slow) 83.56
Overbought
Greed/Fear Indicator (GFI) 75.90
Moving Average Converg./Diverg. (MACD) -10.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.80
Williams' Percentage Range (W%R) 75.60
Lane's Stochastic (%D-Slow) 18.92
Oversold
Greed/Fear Indicator (GFI) 26.93
Moving Average Converg./Diverg. (MACD) 4.59
Trading Signals
Description Value Chart
Yearly Trendline Resistance 806.58
Upper Bollinger Band 803.32
50 Day Moving Average 797.64
Daily Stochastic Crossing 791.08
Price 784.05
20 Day Moving Average 762.61
Parabolic System 760.51
Weekly Stochastic Crossing 757.11
Lower Bollinger Band 738.12
Quarterly Trendline Support 731.60
Quarterly Trendline Resistance 714.32
Sector and Industry
Description Name Rank
Sector Health Care 5
Industry Health Care Distributors 56
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 729.19
Low Date 06/03/2026
High 800.36
High Date 06/11/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 729.19
Low Date 06/03/2026
High 800.36
High Date 06/11/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 723.68
Low Date 05/11/2026
High 800.36
High Date 06/11/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 714.32
Support 731.60
High 999.00
High Date 03/03/2026
Low 723.68
Low Date 05/11/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 806.58
Support 552.01
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.