MCK Technical Analysis - MCKESSON CORP

Technical Rating and Analysis

Overall MCK gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MCK is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

Looking at the yearly performance, MCK did better than 88% of all other stocks. On top of that, MCK also shows a nice and consistent pattern of rising prices.

MCK is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry. MCK outperforms 83% of them.

MCK is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month MCK has a been trading in the 687.68 - 793.97 range, which is quite wide. It is currently trading near the high of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although MCK has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

539.06

793.86

When analyzing the support we can see 6 important areas.

Support @781.63 from a trend line in the daily time frame.
A support zone ranging from 710.21 to 727.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @690.12 from a horizontal line in the daily time frame.
Support @668.57 from a horizontal line in the weekly time frame.
Support @652.83 from a horizontal line in the daily time frame.
Support @544.50 from a trend line in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	UP	POSITIVE	The short term trend for MCK is up.
ChartMill Relative Strength	88.45	POSITIVE	MCK has a high relative strength, it outperformed 88.45% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MCK is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of MCK is above 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)	64.63	NEUTRAL	The RSI value for MCK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.63	POSITIVE	The MACD value suggests MCK has a positive trend, although the MACD value is declining.
Stochastics (14,3)	85.97	OVERBOUGHT	The high Stochastics value suggests MCK may be overbought.
Average True Range in percent/ATR (20)	2.62	MEDIUM VOLATILITY	The ATR as a percentage value for MCK suggests some volalility.
Average Directional Index/ADX (14)	19.43	NEGATIVE	The low ADX value for MCK suggests a weak or negative trend.