MCKESSON CORP. - Daily - Technical analysis published on 09/12/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 518.04 USD
My targets
491.86 USD (-3.61%)
468.88 USD (-8.11%)
My analysis
The bearish trend is currently very strong for MCKESSON CORP.. As long as the price remains below the resistance at 518.04 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 491.86 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 468.88 USD as an objective. Crossing it would then enable sellers to target 437.77 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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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 510.27 USD. On the day, this instrument lost -0.04% with the lowest point at 507.36 USD and the highest point at 513.17 USD. The deviation from the price is +0.57% for the low point and -0.57% for the high point.507.36
513.17
510.27
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MCKESSON CORP.:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of MCKESSON CORP. indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 5 are bullish, 4 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bearish harami
Type : Bearish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 437.77 | 468.88 | 491.86 | 510.27 | 518.04 | 540.45 | 574.22 |
| Change (%) | -14.21% | -8.11% | -3.61% | - | +1.52% | +5.91% | +12.53% |
| Change | -72.50 | -41.39 | -18.41 | - | +7.77 | +30.18 | +63.95 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 499.80 | 502.14 | 506.30 | 508.64 | 512.80 | 515.14 | 519.30 |
| Camarilla | 508.66 | 509.26 | 509.85 | 510.45 | 511.05 | 511.64 | 512.24 |
| Woodie | 500.70 | 502.60 | 507.20 | 509.10 | 513.70 | 515.60 | 520.20 |
| Fibonacci | 502.14 | 504.63 | 506.16 | 508.64 | 511.13 | 512.66 | 515.14 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 404.44 | 453.89 | 479.03 | 528.48 | 553.62 | 603.07 | 628.21 |
| Camarilla | 483.66 | 490.50 | 497.33 | 504.17 | 511.01 | 517.85 | 524.68 |
| Woodie | 392.29 | 447.81 | 466.88 | 522.40 | 541.47 | 596.99 | 616.06 |
| Fibonacci | 453.89 | 482.38 | 499.99 | 528.48 | 556.97 | 574.58 | 603.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 411.35 | 471.54 | 516.31 | 576.50 | 621.27 | 681.46 | 726.23 |
| Camarilla | 532.22 | 541.84 | 551.46 | 561.08 | 570.70 | 580.32 | 589.94 |
| Woodie | 403.64 | 467.69 | 508.60 | 572.65 | 613.56 | 677.61 | 718.52 |
| Fibonacci | 471.54 | 511.64 | 536.41 | 576.50 | 616.60 | 641.37 | 681.46 |
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): | 33.16 | |
| MACD (12,26,9): | -16.7700 | |
| Directional Movement: | -20.21 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 518.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 556.78 | |
| Elder Ray (13): | -19.56 | |
| Super Trend (3,10): | 551.39 | |
| Zig ZAG (10): | 510.15 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 7.32 | |
| TEMA (21): | 509.31 | |
| Williams %R (14): | -90.77 | |
| Chande Momentum Oscillator (20): | -36.53 | |
| Repulse (5,40,3): | -1.4700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3300 | |
| Courbe Coppock: | 11.41 |
| MA7: | 518.00 | |
| MA20: | 541.26 | |
| MA50: | 568.57 | |
| MA100: | 566.78 | |
| MAexp7: | 518.71 | |
| MAexp20: | 539.06 | |
| MAexp50: | 557.12 | |
| MAexp100: | 555.92 | |
| Price / MA7: | -1.49% | |
| Price / MA20: | -5.73% | |
| Price / MA50: | -10.25% | |
| Price / MA100: | -9.97% | |
| Price / MAexp7: | -1.63% | |
| Price / MAexp20: | -5.34% | |
| Price / MAexp50: | -8.41% | |
| Price / MAexp100: | -8.21% |
Quotes :
-
15 min delayed data
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NYSE Stocks
News
The last news published on MCKESSON CORP. at the time of the generation of this analysis 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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