tradethepoolpool ads

Mckesson MCK Trading Report

Technically, Mckesson (NYSE: MCK) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for MCK change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if MCK is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for MCK too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for MCK
  • Buy MCK slightly over 347.13 target 369.52 stop loss @ 346.13 Details
  • The technical summary data tells us to buy MCK near 347.13 with an upside target of 369.52. This data also tells us to set a stop loss @ 346.13 to protect against excessive loss in case the stock begins to move against the trade. 347.13 is the first level of support below 351.53 , and by rule, any test of support is a buy signal. In this case, support 347.13 would be being tested, so a buy signal would exist.

  • Short MCK slightly under 369.52, target 347.13, stop loss @ 370.59 Details
  • The technical summary data is suggesting a short of MCK as it gets near 369.52 with a downside target of 347.13. We should have a stop loss in place at 370.59though. 369.52 is the first level of resistance above 351.53, and by rule, any test of resistance is a short signal. In this case, if resistance 369.52 is being tested, so a short signal would exist.

Swing Trading Plans for MCK
  • Buy MCK slightly over 369.52, target 393.15, Stop Loss @ 368.45 Details
  • If 369.52 begins to break higher, the technical summary data tells us to buy MCK just slightly over 369.52, with an upside target of 393.15. The data also tells us to set a stop loss @ 368.45 in case the stock turns against the trade. 369.52 is the first level of resistance above 351.53, and by rule, any break above resistance is a buy signal. In this case, 369.52, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short MCK slightly near 369.52, target 350.90, Stop Loss @ 370.59. Details
  • The technical summary data is suggesting a short of MCK if it tests 369.52 with a downside target of 350.90. We should have a stop loss in place at 370.59 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 369.52, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for MCK
  • Buy MCK slightly over 351.62, target 369.52, Stop Loss @ 350.8 Details
  • If 351.62 begins to break higher, the technical summary data tells us to buy MCK just slightly over 351.62, with an upside target of 369.52. The data also tells us to set a stop loss @ 350.8 in case the stock turns against the trade. 351.62 is the first level of resistance above 351.53, and by rule, any break above resistance is a buy signal. In this case, 351.62, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short MCK slightly near 351.62, target 350.90, Stop Loss @ 352.44. Details
  • The technical summary data is suggesting a short of MCK if it tests 351.62 with a downside target of 350.90. We should have a stop loss in place at 352.44 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 351.62, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

MCK Ratings for October 06:

Term →Near Mid Long
Rating Strong Neutral Strong
P1 0 0 347.13
P2 343.52 341.71 369.52
P3 351.62 350.90 393.15
Triggers may have already come
Support and Resistance Plot Chart for MCK

MCK Long Term Analysis for October 6 2022

Blue = Current Price
Red= Resistance
Green = Support

Real Time Updates for Repeat Institutional Readers:

Factset: Request User/Pass

Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Our Market Crash Leading Indicator is Evitar Corte.
  • Evitar Corte warned of market crash risk four times since 2000.

  • It identified the Internet Debacle before it happened.

  • It identified the Credit Crisis before it happened.

  • It identified the Corona Crash too.

  • See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change: Take a Trial