MCKESSON CORP (MCK) Stock Technical Analysis
NYSE:MCK - US58155Q1031 - Common Stock
687.4 USD
-4.05 (-0.59%)
687.4 USD
0 (0%)
We assign a technical rating of 6 out of 10 to MCK. MCK was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that MCK is one of the better performing stocks in the market, outperforming 74% of all stocks. On top of that, MCK also shows a nice and consistent pattern of rising prices.
MCK is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 78% of 102 stocks in the same industry.
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.
In the last month MCK has a been trading in the 637.00 - 709.50 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Although the technical rating is only medium, MCK does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 686.14, a Stop Loss order could be placed below this zone.
More info and screens
532.55
742.69
3 important support areas can be observed.
- A support zone ranging from 681.44 to 686.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 652.83 to 669.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @537.93 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 693.43 to 700.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 716.93 to 735.34. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for MCK is neutral. |
| ChartMill Relative Strength | 74.42 | POSITIVE | MCK has a high relative strength, it outperformed 74.42% 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) | DOWN | NEGATIVE | The current price of MCK is below a declining 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) | 48.63 | NEUTRAL | The RSI value for MCK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.98 | POSITIVE | The MACD value suggests MCK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.13 | NEUTRAL | The Stochastics value for MCK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.01 | MEDIUM VOLATILITY | The ATR as a percentage value for MCK suggests some volalility. |
| Average Directional Index/ADX (14) | 17.68 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 700.10 | 681.43 | 18.67 (2.67%) | 25.00% |
| An entry @700.10. This is a Buy Stop order right above the resistance zone. | An exit @681.43. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 18.67 points, which is 2.67%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.67%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
687.4
-4.05 (-0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.59%
1 Week0.94%
2 Weeks-2.63%
1 Month3.64%
3 Month-3.58%
6 Month6.7%
12 Month36.34%
2 Year58.08%
3 Year102.25%
5 Year361.56%
10 Year271.51%
15 Year1012.66%
Volatility
ATR(14)12.24
ATR(20)%2.01%
ATR Inc-32.19%
Range Today8.36
ADR(20)13.23
ADR(20)%1.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.42
Mansfield-0.11
10 Day High709.5
10 Day Low673.38
20 Day High709.5
20 Day Low637
52 Week High737.89
52 Week Low464.42
CS1 End686.14
CR1 Start693.43
Volume & EV
DER(3)1.02%
DER(5)0.69%
Volume472.70K
Volume Incr-33.74%
Vol(5)652.16K
Vol(50)789.23K