MCKESSON CORP (MCK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MCK - US58155Q1031 - Common Stock
We assign a technical rating of 9 out of 10 to MCK. 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 short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, MCK did better than 84% of all other stocks. We also observe that the gains produced by MCK over the past year are nicely spread over this period.
- MCK is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 72% of 100 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 794.59 - 844.69 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.
MCK has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 833.61, a Stop Loss order could be placed below this zone.
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646.30
5 important support areas can be observed.
- A support zone ranging from 808.61 to 833.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @795.00 from a horizontal line in the daily time frame.
- Support @764.32 from a trend line in the weekly time frame.
- A support zone ranging from 722.37 to 731.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @652.83 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for MCK is neutral. |
| ChartMill Relative Strength | 84.28 | POSITIVE | MCK has a high relative strength, it outperformed 84.28% 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) | 56.64 | NEUTRAL | The RSI value for MCK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.03 | POSITIVE | The MACD value suggests MCK has a positive trend. |
| Stochastics (14,3) | 66.53 | NEUTRAL | The Stochastics value for MCK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for MCK suggests low volalility. |
| Average Directional Index/ADX (14) | 14.52 | 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 |
|---|---|---|---|
| 844.70 | 808.60 | 36.10 (4.27%) | 23.40% |
| An entry @844.70. This is a Buy Stop order right above the 10 day high. | An exit @808.60. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 36.10 points, which is 4.27%. | For a 1.00% total portfolio risk, you can invest 23.40% 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.
834.16
+10.18 (+1.24%)
MCKESSON CORP / MCK FAQ
What is the ChartMill technical rating of MCKESSON CORP (MCK) stock?
ChartMill assigns a technical rating of 9 / 10 to MCK.
What is the trend direction for 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 56.6419. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MCKESSON CORP?
The MACD indicator for MCKESSON CORP (MCK) has a value of 1.03017, indicating a bullish trend.
What is the short term momentum for MCKESSON CORP (MCK) stock?
The short term momentum for MCKESSON CORP (MCK) is neutral.