MCKESSON CORP (MCK) Stock Technical Analysis
USA - NYSE:MCK - US58155Q1031 - Common Stock
Taking everything into account, MCK scores 10 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.
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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542.30
4 important support areas can be observed.
- A support zone ranging from 716.93 to 738.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @692.21 from a trend line in the daily time frame.
- Support @652.83 from a horizontal line in the daily time frame.
- Support @547.78 from a trend line in the weekly time frame.
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 | 89.48 | POSITIVE | MCK has a high relative strength, it outperformed 89.48% 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) | 71.67 | OVERBOUGHT | The high RSI value suggests MCK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.21 | POSITIVE | The MACD value suggests MCK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.98 | OVERBOUGHT | The high Stochastics value suggests MCK may be overbought. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for MCK suggests some volalility. |
| Average Directional Index/ADX (14) | 35.2 | POSITIVE | The high ADX value value for MCK suggests a strong trend. |
851.99
-6.62 (-0.77%)
MCKESSON CORP / MCK FAQ
What is the ChartMill technical rating of MCKESSON CORP (MCK) stock?
ChartMill assigns a technical rating of 10 / 10 to MCK.
What is the current trend direction of MCKESSON CORP (MCK) stock?
The current trend direction for MCKESSON CORP (MCK) is Bullish.
What is the RSI signal for MCK stock?
MCKESSON CORP (MCK) has an RSI value of 71.6674. This indicates that the stock is currently overbought.
What is the buy/sell signal for MCKESSON CORP (MCK) stock?
The buy/sell signal for MCKESSON CORP (MCK) is buy as both the short term and long term trends are positive.
What is the support and resistance level for MCK stock?
MCKESSON CORP (MCK) has a support level at 738.05. Check the full technical report for our detailed analysis of MCK support and resistance levels.