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     Mon. Aug. 10, 2020



Trading Signals: MCK Stock Price Prediction and Forecast (Tue. Apr. 1, 2003 - Mon. Sep. 21, 2020)

(McKesson Corporation)

MCK latest price $152.3900 (0.26%) ($150.7700 - $153.7800) on Mon. Aug. 10, 2020.

Trend and Trading Plan

Trend Narrative  Correction
Intraday Reversal Probability  N/A.
Daily Trend  MCK declines -1% a day on average for past five trading days.
Weekly Trend  MCK declines -1% a week on average for past two weeks.
Market Behavior  Value stock rally for large cap. Value stock rally for small cap.
Correlated ETFs  Broad market will support MCK advance at 1.3% a week (64% probability)
  XLV(66%)    IWM(65%)    IWO(64%)    IVE(62%)    VYM(62%)  
Factors Impacting MCK price  MCK will advance at least 0.3% in a week (36% probabilities).
  TLT(-46%)    VXX(-40%)    VIXM(-37%)    BNDX(-21%)    SHY(-20%)  
Explanation   The decline is not sustainable and not supported by the broad market.
Trading Plan  Not Available
 
Valuation to SPY   -1.5
 
Relative Volatility   -2.8 (options are extremely cheap)
 
Hourly BBV   -0.8
Hourly Trend   -0.7% [$151.82(0), $152.89(-1.4)]
Last Hour Trend   0.02% [$152.34, $152.31]


MCK Next 1 - 5 Day Price Forecast

Bullish Probability  70%
Bullish Price Move  2.3%
Bearish Probability  30%
Bearish Price Move  -2.3%
Recommended Position Size  17%
Latest Price  $152.3900
Next Day Open Price  $152.45(0.04%)
1 - 3 Day Target Price  $150.82(-1.03%)
1 - 5 Day Price Range  $150.46 - $152.23
5 Day Moving Average  $153.37(-0.64%)
10 Day Moving Average  $153.96(-1.02%)
20 Day Moving Average  $154.23(-1.19%)
To recent high  -7.5%
To recent low  17.7%
Market Cap  $24.716b
 
Option Sentiment  
 
 
Earning Release Date  Thu. Oct. 22, 2020
Analyst One Year Target Price  $184.38 ($147.00 - $210.00)
  16 analysts (last updated on Tue. Aug. 4, 2020)
% to Average Target Price  20.99%
% to Low Target Price  -3.54%
% to High Target Price  37.8%
 


  
 
 


McKesson Corp. engages in the provision of supply chain management solutions, retail pharmacy, community oncology and specialty care, and healthcare information technology. It operates through the following segments: U.S. Pharmaceutical and Specialty Solutions; European Pharmaceutical Solutions; Medical-Surgical Solutions and Other. The U.S. Pharmaceutical and Specialty Solutions segment distributes pharmaceutical and other healthcare-related products and also provides pharmaceutical solutions to pharmaceutical manufacturers in the United States. The European Pharmaceutical Solutions segment provides distribution and services to wholesale, institutional and retail customers and serves patients and consumers in 13 European countries. The Medical-Surgical Solutions segment focuses on medical-surgical supplies and provides logistics and other services to healthcare providers in the United States. The Other segment comprises on McKesson Canada, McKesson Prescription Technology Solutions and in a joint venture. The company was founded by John McKesson and Charles Olcott in 1833 and is headquartered in Irving, TX.


$. Technical analysis works only if the market conditions in the future are not drastically different from the past. Always read market news to understand the causes of the price movement before making a trading decision. News

$. MCK price fluctuates within 2.11% (three month std-dev: 2.3%    one year average std_dev: 0%) daily (68% of days).
$. MCK price fluctuates within 0% weekly (one year average std_dev: %).

Analysis   News   Options   Weekly Chart   Daily Chart   2 Month Daily Chart   

  >  20200910

iDateTo High-Lowema20
Trend
ema10
Trend
ema5
Trend
Hourly
Trend
Last
Hour
EMA
Ratio
BBVHourly
BBV
RVRVT(RV,IV)VIXCDVolume
millions
CloseActualPriceRangeTrend-Narrative  NextDay
PriceTarget  
NextDayPriceRangeRSI
1Aug_10_2020-7.5%-17.7% 1.4%,0.7(-0.1)-1%,-0.5(-0.3)-1%,-0.5-0.90.02%-0.2%-0.6-0.8-1.5-2.8(2.11%,NAN%)1.60.82   152.39(0.26%)150.77-153.78Correction 150.82(-1.03%)150.46-152.2346
2Aug_7_2020-7.7%-17.4% 1.5%,0.6(0.1)-0.2%,-0.1(0)0.2%,0.1-1.8-0.05%0.3%-0.5-0.5-1.4-1(2.58%,NAN%)1.60.57   152(0.16%)150.73-152.11N/A 152.91(0.6%)152.59-153.1850
3Aug_6_2020-7.9%-17.3% 1.2%,0.4(0.1)-0.3%,-0.1(-0.1)-0.2%,-0.1-1.2-0.04%0.8%-0.4-0.6-1.50.6(3.11%,NAN%)1.61.21   151.75(-1.25%)151.02-153.52Correction 150.29(-0.96%)149.86-151.9947
4Aug_5_2020-6.7%-18.7% 1%,0.3(0.1)0%,0(-0.1)-0.3%,-0.10.6-0.07%1.5%0.1-0.2-0.91.3(3.32%,NAN%)1.61.23   153.67(-2.13%)152.75-158.25N/A 153.7(0.02%)153.29-154.0552
5Aug_4_2020-4.7%-21.3% 0.8%,0.2(0.1)0.3%,0.1(-0.1)0.4%,0.11.5-0.09%1.9%0.80.70.31.8(3.45%,NAN%)1.51.05   157.02(-1.8%)156-159.31N/A 156.38(-0.41%)154.58-157.8356
 
6Aug_3_2020-2.9%-23.6% 0.5%,0.1(0)0.6%,0.2(-0.1)0.4%,0.1-00.18%2.2%1.51.71.21.7(3.39%,NAN%)1.61.45   159.9(6.49%)154.54-160.39Range Bound 158.73(-0.73%)156.65-160.4469
7Jul_31_2020-8.8%-16% 0.5%,0.2(-0.1)0.9%,0.3(-0.3)-0.7%,-0.2-0.90.36%2.1%-0.3-1.5-1.11.3(3.26%,NAN%)1.71.47   150.16(-2.25%)146.77-153.5Uptrend Consolidation 150.61(0.3%)150.65-150.4964
8Jul_30_2020-6.7%-18.7% 0.7%,0.2(-0)2%,0.6(-0.3)-0.4%,-0.1-0.30.02%2.3%0.4-1-0.11.3(3.25%,NAN%)1.70.75   153.61(-1.34%)150.99-155.59Uptrend Consolidation 153.26(-0.23%)152.86-154.4474
9Jul_29_2020-5.5%-20.3% 0.9%,0.3(-0)3%,0.9(-0.2)-0.1%,-0-0.30.31%2.4%0.800.21.2(3.24%,NAN%)1.91.45   155.7(1.18%)152.77-157.12Uptrend Consolidation 154.91(-0.51%)154.18-157.0581
10Jul_28_2020-6.6%-18.9% 0.9%,0.3(0)3.7%,1.2(-0.1)-0.3%,-0.1-0.3-0.08%2.4%0.5-2.40.21.1(3.2%,NAN%)1.80.92   153.89(-2.07%)153.64-157.13Uptrend Consolidation 153.52(-0.24%)152.9-155.3768
 
11Jul_27_2020-4.6%-21.4% 0.9%,0.3(0.1)4.1%,1.3(0.2)0.5%,0.1-0.30.06%2.1%1.20.80.71.1(3.18%,NAN%)1.80.72   157.15(1.17%)152.82-157.46Growing Uptrend 159.13(1.26%)156.03-159.970
12Jul_24_2020-5.7%-20% 0.5%,0.2(0)3.5%,1.1(0.2)0.1%,00.30.01%1.7%1-0.30.40.6(3.08%,NAN%)1.50.59   155.34(-0.84%)154.87-157.78Growing Uptrend 156.88(0.99%)154.38-157.4955
13Jul_23_2020-4.9%-21% 0.4%,0.1(0.1)3%,1(0.3)0.4%,0.10.6-0.12%1.1%1.31.20.50.3(3.01%,NAN%)1.40.89   156.66(0.26%)155.87-158.08Growing Uptrend 157.93(0.81%)155.48-158.5454
14Jul_22_2020-5.1%-20.7% 0.2%,0.1(0.1)2.2%,0.8(0.2)0.4%,0.10.6-0.13%0.3%1.41.30-0.2(2.87%,NAN%)1.70.98   156.25(0.17%)155.04-157.66N/A 155.52(-0.47%)152.55-157.9357
15Jul_21_2020-5.3%-20.5% 0%,0(0.1)1.5%,0.5(0.3)1.1%,0.40.30%-0.4%1.41.30.1-0.5(2.78%,NAN%)1.70.86   155.98(1.62%)153.45-157.02N/A 155.09(-0.57%)152.41-157.2852
 
16Jul_20_2020-6.8%-18.6% -0.2%,-0.1(0)0.5%,0.2(0.2)1.1%,0.40.60%-1%0.80.8-0.4-0.7(2.73%,NAN%)2.10.63   153.5(-0.85%)151.79-155.18Rebound 151.86(-1.07%)153.92-150.9851
17Jul_17_2020-6%-19.6% -0.3%,-0.1(0.1)0.1%,0(0.3)1.6%,0.61.80.03%-1.3%1.11.30-0.5(2.86%,NAN%)20.65   154.81(0.94%)153.46-155.73Rebound 152.39(-1.56%)155.03-151.2758
18Jul_16_2020-6.9%-18.5% -0.5%,-0.2(0.2)-0.7%,-0.3(0.3)1.7%,0.62.7-0.02%-1.4%0.81.3-0.2-0.7(2.81%,NAN%)1.80.64   153.37(-0.08%)151.94-155.4N/A 152.31(-0.69%)151.43-153.0552
19Jul_15_2020-6.8%-18.6% -1%,-0.3(0.2)-1.7%,-0.6(0.2)1.2%,0.41.80.01%-1.7%0.82.5-0.3-0.7(2.85%,NAN%)1.81.34   153.5(3.83%)149.5-153.87Downtrend Consolidation 152.73(-0.5%)152.19-152.9253
20Jul_14_2020-10.2%-14.2% -1.4%,-0.5(0.2)-2.4%,-0.8(0.1)0.3%,0.10.90.41%-1.8%-0.51.5-1.2-0.5(2.94%,NAN%)1.31.26   147.84(1.97%)143.08-148.3Downtrend Consolidation 147.29(-0.37%)148.71-146.8241
 
21Jul_13_2020-12%-12% -1.9%,-0.7(0.1)-2.7%,-0.9(0)-0.9%,-0.3-0.30.03%-1.7%-1.2-0.2-1.4-0.6(2.92%,NAN%)11.08   144.98(1.37%)142.39-146.98Bottom 145.75(0.53%)144.03-146.8935
22Jul_10_2020-13.2%-10.5% -2.1%,-0.7(0)-2.8%,-1(-0.2)-1.3%,-0.5-1.50.05%-1.6%-1.8-0.8-2.2-0.7(2.82%,NAN%)1.30.96   143.02(1.51%)140.85-143.88Relative Oversold 144.12(0.77%)140.3-147.2550
23Jul_9_2020-14.4%-8.9% -2.1%,-0.8(-0.1)-2.3%,-0.9(-0.2)-1.3%,-0.5-2.4-0.21%-1.2%-2.5-1.6-2.3-0.9(2.64%,NAN%)11.14   140.89(-2.55%)139.77-145.46Growing Downtrend 140.35(-0.38%)139.4-142.6650
24Jul_8_2020-12.2%-11.7% -2%,-0.9(-0.1)-1.8%,-0.8(-0.2)-1.2%,-0.5-30.04%-1%-2.1-1.5-1.7-1.2(2.19%,NAN%)1.11.19   144.57(-0.84%)143.53-147.44Growing Downtrend 144.17(-0.28%)143.46-145.8450
25Jul_7_2020-11.5%-12.7% -1.7%,-0.7(-0.2)-1.4%,-0.6(-0.3)-0.8%,-0.3-1.2-0.09%-0.9%-1.8-2.6-1.3-1.2(2.32%,NAN%)11.57   145.8(-3.77%)145.76-149.87Growing Downtrend 145.42(-0.26%)144.78-146.9950
iDateTo High-Lowema20
Trend
ema10
Trend
ema5
Trend
Hourly
Trend
Last
Hour
EMA
Ratio
BBVHourly
BBV
RVRVTVIXCDVolume
millions
Close  5 Day
Target  
Trend
Narrative
  5 Day
Price Change  
SRIRSI
Click to see actual return for next trading day.
 
 
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