MCK Technical Analysis - MCKESSON CORP

Technical Rating and Analysis

Taking everything into account, MCK scores 10 out of 10 in our technical rating. 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.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that MCK is one of the better performing stocks in the market, outperforming 86% of all stocks. We also observe that the gains produced by MCK over the past year are nicely spread over this period.

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 679.65 - 770.00 range, which is quite wide. It is currently trading near the high of this range.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

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.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

535.81

768.16

3 important support areas can be observed.

A support zone ranging from 697.72 to 717.30. 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 678.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @541.22 from a trend line in the weekly time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	86.34	POSITIVE	MCK has a high relative strength, it outperformed 86.34% 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)	66.91	NEUTRAL	The RSI value for MCK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	6.49	POSITIVE	The MACD value suggests MCK has a positive trend.
Stochastics (14,3)	79.71	NEUTRAL	The Stochastics value for MCK is a neutral value.
Average True Range in percent/ATR (20)	2.28	MEDIUM VOLATILITY	The ATR as a percentage value for MCK suggests some volalility.
Average Directional Index/ADX (14)	16.86	NEGATIVE	The low ADX value for MCK suggests a weak or negative trend.