MCKESSON CORP (MCK) Stock Technical Analysis
NYSE:MCK - New York Stock Exchange, Inc. - US58155Q1031 - Common Stock - Currency: USD
Taking everything into account, MCK scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, MCK has proven to be a steady performer, scoring decent points in every aspect analyzed.
MCK has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 726.40. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 716.80, a Stop Loss order could be placed below this zone.
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3 important support areas can be observed.
- A support zone ranging from 699.15 to 716.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 682.27 to 682.49. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @534.67 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 726.40 to 730.81. 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 | UP | POSITIVE | The short term trend for MCK is up. |
| ChartMill Relative Strength | 79.76 | POSITIVE | MCK has a high relative strength, it outperformed 79.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MCK is above a declining 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) | 54.47 | NEUTRAL | The RSI value for MCK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests MCK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.32 | OVERBOUGHT | The high Stochastics value suggests MCK may be overbought. |
| Average True Range in percent/ATR (20) | 1.52 | LOW VOLATILITY | The low ATR as a percentage value for MCK suggests low volalility. |
| Average Directional Index/ADX (14) | 9.51 | NEGATIVE | The low ADX value for MCK suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 730.82 | 699.14 | 31.68 (4.33%) | 23.07% |
| An entry @730.82. This is a Buy Stop order right above the resistance zone. | An exit @699.14. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 31.68 points, which is 4.33%. | For a 1.00% total portfolio risk, you can invest 23.07% of your capital in this trade. |
- 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.
719.57
-8.63 (-1.19%)