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Archive
- 12/13/2024 -
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McKesson Corp. (New) (MCK) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the McKesson Corp. (New) (MCK). During the week, the MCK dropped -27.33 points, or -4.53%, and closed at 576.20 on Friday, December 13, 2024. It was the worst weekly loss since September 6, 2024. MCK was trading at average weekly trading volume.
MCK is a member of Health Care Sector. Health Care is the second most oversold 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 637.51 on August 2, 2024. MCK gained -531.40 points, or -500.80%, in 292 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (484.23) 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 uptrend had started on September 24, 2024 at 464.42 and reached 632.60 on November 22, 2024. MCK gained -168.18 points, or -36.21%, in 8 weeks. The price is now at the 33.54% retracement level.
 Weekly Technical Indicators: [See MCK weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 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 downtrend had started on November 22, 2024 at 632.60 and reached 571.30 on December 11, 2024. MCK lost 61.30 points, or 9.69%, in 19 days. The price is now at the 7.99% retracement level.
 Daily Technical Indicators: [See MCK daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following links to access Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since November 27, 2024. This is an indication that the short-term trend is down.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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