MCKESSON CORP (MCK) Stock Technical Analysis
NYSE:MCK - New York Stock Exchange, Inc. - US58155Q1031 - Common Stock - Currency: USD
Overall MCK gets a technical rating of 4 out of 10. MCK has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
MCK is part of the Health Care Providers & Services industry. There are 103 other stocks in this industry. MCK outperforms 75% of them.
MCK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MCK is lagging the market slightly.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When comparing the performance of all stocks over the past year, MCK turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
In the last month MCK has a been trading in a tight range between 700.50 and 737.89.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, MCK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 715.40, a Stop Loss order could be placed below this zone.
More info and screens
524.98
742.69
We found 3 important support areas.
- A support zone ranging from 704.86 to 709.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @682.27 from a horizontal line in the daily time frame.
- Support @530.28 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 714.46 to 735.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for MCK is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MCK is down. |
| ChartMill Relative Strength | 63.64 | NEUTRAL | MCK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MCK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MCK is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MCK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.17 | NEUTRAL | The RSI value for MCK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.93 | NEGATIVE | The MACD value suggests MCK has a negative trend. |
| Stochastics (14,3) | 25.99 | NEUTRAL | The Stochastics value for MCK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for MCK suggests low volalility. |
| Average Directional Index/ADX (14) | 7.5 | NEGATIVE | The low ADX value for MCK suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
710.28
-5.46 (-0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.76%
1 Week-0.6%
2 Weeks0.68%
1 Month-1.95%
3 Month1.89%
6 Month19.86%
12 Month22.43%
2 Year76.51%
3 Year107.94%
5 Year373.02%
10 Year222.02%
15 Year1030.66%
Volatility
ATR(14)15.04
ATR(20)%1.96%
ATR Inc-17.5%
Range Today15.7
ADR(20)13.44
ADR(20)%1.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.64
Mansfield0.59
10 Day High737.89
10 Day Low700.5
20 Day High737.89
20 Day Low700.5
52 Week High737.89
52 Week Low464.42
CS1 End715.4
CR1 Start716.57
Volume & EV
DER(3)-1.09%
DER(5)-0.67%
Volume402.16K
Volume Incr-41.39%
Vol(5)439.15K
Vol(50)858.05K