MCKESSON CORP. - Daily - Technical analysis published on 04/01/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 493.03 USD
My targets
545.26 USD (+1.61%)
553.67 USD (+3.18%)
My analysis
The bullish trend is currently very strong on MCKESSON CORP.. As long as the price remains above the support at 493.03 USD, you could try to benefit from the boom. The first bullish objective is located at 545.26 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 553.67 USD as an objective. Crossing it would then enable buyers to target 567.34 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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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. price is 536.63 USD. The price registered a decrease of -0.04% on the session with the lowest point at 531.09 USD and the highest point at 537.51 USD. The deviation from the price is +1.04% for the low point and -0.16% for the high point.531.09
537.51
536.63
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a 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 MCKESSON CORP. in Daily shows a strongly overall bullish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 469.72 | 493.03 | 534.21 | 536.63 |
| Change (%) | -12.47% | -8.12% | -0.45% | - |
| Change | -66.91 | -43.60 | -2.42 | - |
| Level | 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 | 529.97 | 532.60 | 534.73 | 537.36 | 539.49 | 542.12 | 544.25 |
| Camarilla | 535.54 | 535.98 | 536.41 | 536.85 | 537.29 | 537.72 | 538.16 |
| Woodie | 529.71 | 532.48 | 534.47 | 537.24 | 539.23 | 542.00 | 543.99 |
| Fibonacci | 532.60 | 534.42 | 535.55 | 537.36 | 539.18 | 540.31 | 542.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 523.33 | 527.30 | 532.07 | 536.04 | 540.81 | 544.78 | 549.55 |
| Camarilla | 534.45 | 535.25 | 536.05 | 536.85 | 537.65 | 538.45 | 539.25 |
| Woodie | 523.74 | 527.50 | 532.48 | 536.24 | 541.22 | 544.98 | 549.96 |
| Fibonacci | 527.30 | 530.64 | 532.70 | 536.04 | 539.38 | 541.44 | 544.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 501.10 | 509.51 | 523.18 | 531.59 | 545.26 | 553.67 | 567.34 |
| Camarilla | 530.78 | 532.80 | 534.83 | 536.85 | 538.87 | 540.90 | 542.92 |
| Woodie | 503.73 | 510.83 | 525.81 | 532.91 | 547.89 | 554.99 | 569.97 |
| Fibonacci | 509.51 | 517.95 | 523.16 | 531.59 | 540.03 | 545.24 | 553.67 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.17 | |
| MACD (12,26,9): | 6.5900 | |
| Directional Movement: | 6.17 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 539.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 523.39 | |
| Elder Ray (13): | 1.10 | |
| Super Trend (3,10): | 515.33 | |
| Zig ZAG (10): | 536.97 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 89.93 | |
| TEMA (21): | 538.14 | |
| Williams %R (14): | -12.64 | |
| Chande Momentum Oscillator (20): | 17.00 | |
| Repulse (5,40,3): | 1.1100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 3.18 |
| MA7: | 535.53 | |
| MA20: | 531.41 | |
| MA50: | 514.05 | |
| MA100: | 488.17 | |
| MAexp7: | 535.61 | |
| MAexp20: | 530.03 | |
| MAexp50: | 514.79 | |
| MAexp100: | 493.36 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | +0.98% | |
| Price / MA50: | +4.39% | |
| Price / MA100: | +9.93% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +1.25% | |
| Price / MAexp50: | +4.24% | |
| Price / MAexp100: | +8.77% |
Quotes :
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15 min delayed data
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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
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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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