MCKESSON CORP. - 1H - Technical analysis published on 05/06/2021 (GMT)
- 300
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 183.63 USD
My targets
175.09 USD (-3.27%)
169.73 USD (-6.23%)
My analysis
The bearish trend is currently very strong for MCKESSON CORP.. As long as the price remains below the resistance at 183.63 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 175.09 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 169.73 USD as an objective. Crossing it would then enable sellers to target 164.68 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 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
7.9
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MCKESSON CORP. rating 181.00 USD. The price is lower by -4.27% since the last closing and was traded between 180.86 USD and 185.60 USD over the period. The price is currently at +0.08% from its lowest and -2.48% from its highest.180.86
185.60
181.00
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this MCKESSON CORP. chart shows a sharp bearish trend. 89.29% 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.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 158.06 | 164.68 | 169.73 | 181.00 | 183.63 | 185.68 | 187.19 |
| Change (%) | -12.67% | -9.02% | -6.23% | - | +1.45% | +2.59% | +3.42% |
| Change | -22.94 | -16.32 | -11.27 | - | +2.63 | +4.68 | +6.19 |
| Level | Intermediate | Major | Intermediate | - | Minor | 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 | 184.29 | 185.68 | 187.38 | 188.77 | 190.47 | 191.86 | 193.56 |
| Camarilla | 188.23 | 188.51 | 188.80 | 189.08 | 189.36 | 189.65 | 189.93 |
| Woodie | 184.45 | 185.76 | 187.54 | 188.85 | 190.63 | 191.94 | 193.72 |
| Fibonacci | 185.68 | 186.86 | 187.59 | 188.77 | 189.95 | 190.68 | 191.86 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 175.09 | 181.06 | 184.31 | 190.28 | 193.53 | 199.50 | 202.75 |
| Camarilla | 185.03 | 185.87 | 186.72 | 187.56 | 188.41 | 189.25 | 190.10 |
| Woodie | 173.73 | 180.38 | 182.95 | 189.60 | 192.17 | 198.82 | 201.39 |
| Fibonacci | 181.06 | 184.58 | 186.76 | 190.28 | 193.80 | 195.98 | 199.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 173.77 | 180.40 | 183.98 | 190.61 | 194.19 | 200.82 | 204.40 |
| Camarilla | 184.75 | 185.69 | 186.62 | 187.56 | 188.50 | 189.43 | 190.37 |
| Woodie | 172.25 | 179.64 | 182.46 | 189.85 | 192.67 | 200.06 | 202.88 |
| Fibonacci | 180.40 | 184.30 | 186.71 | 190.61 | 194.51 | 196.92 | 200.82 |
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): | 26.76 | |
| MACD (12,26,9): | -1.6200 | |
| Directional Movement: | -28.11 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 186.59 | |
| Parabolic SAR (0,02-0,02-0,2): | 191.09 | |
| Elder Ray (13): | -5.15 | |
| Super Trend (3,10): | 188.40 | |
| Zig ZAG (10): | 181.19 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 17.06 | |
| TEMA (21): | 186.74 | |
| Williams %R (14): | -99.09 | |
| Chande Momentum Oscillator (20): | -9.55 | |
| Repulse (5,40,3): | -1.2200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 6.41 |
| MA7: | 189.10 | |
| MA20: | 191.29 | |
| MA50: | 187.78 | |
| MA100: | 183.17 | |
| MAexp7: | 185.95 | |
| MAexp20: | 188.28 | |
| MAexp50: | 189.73 | |
| MAexp100: | 190.66 | |
| Price / MA7: | -4.28% | |
| Price / MA20: | -5.38% | |
| Price / MA50: | -3.61% | |
| Price / MA100: | -1.18% | |
| Price / MAexp7: | -2.66% | |
| Price / MAexp20: | -3.87% | |
| Price / MAexp50: | -4.60% | |
| Price / MAexp100: | -5.07% |
Quotes :
-
15 min delayed data
-
NYSE Stocks
News
The latest news and videos published on MCKESSON CORP. at the time of the analysis were 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
Online
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…
Add a comment
Comments
0 comments on the analysis MCKESSON CORP. - 1H