MCKESSON CORP. - Daily - Technical analysis published on 10/07/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 135.66 USD
My targets
130.16 USD (-0.08%)
123.76 USD (-4.99%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on MCKESSON CORP. as long as the price remains well below 135.66 USD. The sellers” bearish objective is set at 130.16 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 123.76 USD. In case of crossing, the next objective would be the support located at 117.08 USD.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
5.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MCKESSON CORP. rating 130.26 USD. The price registered a decrease of -0.32% on the session and was between 130.11 USD and 130.58 USD. This implies that the price is at +0.12% from its lowest and at -0.25% from its highest.130.11
130.58
130.26
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MCKESSON CORP.:
Technical
Technical analysis of this Daily chart of MCKESSON CORP. indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of triangle
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 117.08 | 123.76 | 130.16 | 130.26 | 135.66 | 144.60 | 148.34 |
| Change (%) | -10.12% | -4.99% | -0.08% | - | +4.15% | +11.01% | +13.88% |
| Change | -13.18 | -6.50 | -0.10 | - | +5.40 | +14.34 | +18.08 |
| Level | Minor | Major | Major | - | Major | Minor | Major |
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 | 125.29 | 126.92 | 129.01 | 130.64 | 132.73 | 134.36 | 136.45 |
| Camarilla | 130.08 | 130.42 | 130.76 | 131.10 | 131.44 | 131.78 | 132.12 |
| Woodie | 125.52 | 127.04 | 129.24 | 130.76 | 132.96 | 134.48 | 136.68 |
| Fibonacci | 126.92 | 128.34 | 129.22 | 130.64 | 132.06 | 132.94 | 134.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 113.96 | 122.68 | 129.10 | 137.82 | 144.24 | 152.96 | 159.38 |
| Camarilla | 131.37 | 132.75 | 134.14 | 135.53 | 136.92 | 138.31 | 139.69 |
| Woodie | 112.82 | 122.11 | 127.96 | 137.25 | 143.10 | 152.39 | 158.24 |
| Fibonacci | 122.68 | 128.46 | 132.03 | 137.82 | 143.60 | 147.17 | 152.96 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 111.16 | 121.27 | 128.97 | 139.08 | 146.78 | 156.89 | 164.59 |
| Camarilla | 131.76 | 133.40 | 135.03 | 136.66 | 138.29 | 139.93 | 141.56 |
| Woodie | 109.95 | 120.67 | 127.76 | 138.48 | 145.57 | 156.29 | 163.38 |
| Fibonacci | 121.27 | 128.08 | 132.28 | 139.08 | 145.89 | 150.09 | 156.89 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 32.67 | |
| MACD (12,26,9): | -2.7100 | |
| Directional Movement: | -22.81 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 135.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 144.57 | |
| Elder Ray (13): | -6.98 | |
| Super Trend (3,10): | 142.48 | |
| Zig ZAG (10): | 130.68 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 9.20 | |
| TEMA (21): | 132.79 | |
| Williams %R (14): | -88.13 | |
| Chande Momentum Oscillator (20): | -13.04 | |
| Repulse (5,40,3): | -0.8900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1500 | |
| Courbe Coppock: | 15.83 |
| MA7: | 133.03 | |
| MA20: | 140.73 | |
| MA50: | 141.55 | |
| MA100: | 137.30 | |
| MAexp7: | 134.16 | |
| MAexp20: | 138.44 | |
| MAexp50: | 139.57 | |
| MAexp100: | 136.83 | |
| Price / MA7: | -2.08% | |
| Price / MA20: | -7.44% | |
| Price / MA50: | -7.98% | |
| Price / MA100: | -5.13% | |
| Price / MAexp7: | -2.91% | |
| Price / MAexp20: | -5.91% | |
| Price / MAexp50: | -6.67% | |
| Price / MAexp100: | -4.80% |
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 Launches Strategic Planning Solution for Community-Based Oncology Customers
- McKesson Corporation to Announce Second Quarter Fiscal 2020 Results on October 30, 2019
- MCK EQUITY NOTICE: Rosen Law Announces Filings of Securities Class Action Against McKesson Corporation; Important Dec. 26 Deadline - MCK
- Exela Technologies Partners with McKesson Specialty Health to Streamline Claims Processing
- PolarityTE Announces Appointment of McKesson’s Willie Bogan to Board of Directors
This member declared not having a position on this financial instrument or a related financial instrument.
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