MCKESSON CORP. - 1H - Technical analysis published on 07/27/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 329.93 USD
My targets
341.65 USD (+1.30%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MCKESSON CORP. as long as the price remains well above 329.93 USD. The buyers' bullish objective is set at 341.65 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MCKESSON CORP. rating is 337.26 USD. The price is lower by -0.12% since the last closing and was between 331.46 USD and 338.40 USD. This implies that the price is at +1.75% from its lowest and at -0.34% from its highest.331.46
338.40
337.26
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of MCKESSON CORP. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 322.91 | 329.93 | 335.94 | 337.26 | 341.65 |
| Change (%) | -4.25% | -2.17% | -0.39% | - | +1.30% |
| Change | -14.35 | -7.33 | -1.32 | - | +4.39 |
| Level | Intermediate | Intermediate | Major | - | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 333.51 | 335.19 | 336.43 | 338.11 | 339.35 | 341.03 | 342.27 |
| Camarilla | 336.87 | 337.14 | 337.40 | 337.67 | 337.94 | 338.21 | 338.47 |
| Woodie | 333.29 | 335.08 | 336.21 | 338.00 | 339.13 | 340.92 | 342.05 |
| Fibonacci | 335.19 | 336.31 | 337.00 | 338.11 | 339.23 | 339.92 | 341.03 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 313.77 | 318.29 | 324.37 | 328.89 | 334.97 | 339.49 | 345.57 |
| Camarilla | 327.53 | 328.50 | 329.47 | 330.44 | 331.41 | 332.38 | 333.36 |
| Woodie | 314.54 | 318.68 | 325.14 | 329.28 | 335.74 | 339.88 | 346.34 |
| Fibonacci | 318.29 | 322.34 | 324.84 | 328.89 | 332.94 | 335.44 | 339.49 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 271.30 | 285.00 | 305.60 | 319.30 | 339.90 | 353.60 | 374.20 |
| Camarilla | 316.78 | 319.92 | 323.07 | 326.21 | 329.35 | 332.50 | 335.64 |
| Woodie | 274.76 | 286.73 | 309.06 | 321.03 | 343.36 | 355.33 | 377.66 |
| Fibonacci | 285.00 | 298.10 | 306.19 | 319.30 | 332.40 | 340.49 | 353.60 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.22 | |
| MACD (12,26,9): | 1.6800 | |
| Directional Movement: | 1.88 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 338.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 341.05 | |
| Elder Ray (13): | 0.91 | |
| Super Trend (3,10): | 331.74 | |
| Zig ZAG (10): | 337.91 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 69.75 | |
| TEMA (21): | 338.43 | |
| Williams %R (14): | -26.55 | |
| Chande Momentum Oscillator (20): | 1.33 | |
| Repulse (5,40,3): | 0.2200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 0.87 |
| MA7: | 332.35 | |
| MA20: | 328.53 | |
| MA50: | 322.93 | |
| MA100: | 316.01 | |
| MAexp7: | 337.17 | |
| MAexp20: | 335.94 | |
| MAexp50: | 332.87 | |
| MAexp100: | 329.83 | |
| Price / MA7: | +1.48% | |
| Price / MA20: | +2.66% | |
| Price / MA50: | +4.44% | |
| Price / MA100: | +6.72% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.39% | |
| Price / MAexp50: | +1.32% | |
| Price / MAexp100: | +2.25% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on MCKESSON CORP.. At the time of publication of this analysis, the latest news was as follows:
- McKesson Completes Split-off of Its Interest in Change Healthcare
- McKesson Announces Preliminary Results of Exchange Offer
- McKesson Sets Final Exchange Ratio of 11.4086 for Exchange Offer
- McKesson Launches Exchange Offer to Split-Off Its Interest in Change Healthcare
- McKesson Reports Fiscal 2020 Third Quarter Results
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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