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- 8/7/2026 -
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McKesson Corp. (New) (MCK) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance lineBroken trend resistance line
Daily :
Move cursor over the icon to see details.

It was a second consecutive positive week for the McKesson Corp. (New) (MCK). During the week, the MCK gained 13.39 points, or 1.56%, and closed at 869.58 on Friday, August 7, 2026. Weekly volume was 58% above 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 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 (561.59) 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 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 (768.93) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See MCK weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since July 24, 2026. Use the following link to access a MACD help.

Short-term trend: [See MCK short-term trend chart]
A short-term downtrend had started on July 29, 2026 at 907.00 and reached 840.00 on August 6, 2026. MCK lost 67.00 points, or 7.39%, in 8 days. The price is now at the 44.15% retracement level.

Daily Technical Indicators: [See MCK daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since August 5, 2026. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.95
Williams' Percentage Range (W%R) 39.50
Lane's Stochastic (%D-Slow) 45.26
Greed/Fear Indicator (GFI) 54.90
Moving Average Converg./Diverg. (MACD) 18.69
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.51
Williams' Percentage Range (W%R) 37.50
Lane's Stochastic (%D-Slow) 78.63
Greed/Fear Indicator (GFI) 66.99
Moving Average Converg./Diverg. (MACD) -7.09
Trading Signals
Description Value Chart
Upper Bollinger Band 894.72
Weekly Stochastic Crossing 876.56
Price 869.58
Daily Stochastic Crossing 863.58
20 Day Moving Average 843.00
Yearly Trendline Resistance 821.48
Parabolic System 812.12
50 Day Moving Average 799.61
Lower Bollinger Band 787.85
Quarterly Trendline Support 768.93
Sector and Industry
Description Name Rank
Sector Health Care 11
Industry Health Care Distributors 107
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 907.00
High Date 07/29/2026
Low 840.00
Low Date 08/06/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 744.45
Low Date 06/22/2026
High 912.50
High Date 08/06/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 723.68
Low Date 05/11/2026
High 912.50
High Date 08/06/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 689.69
Support 768.93
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 Broken Resistance
Resistance 821.48
Support 561.59
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.