Trading Signals: MCK Stock Price Prediction and Forecast

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Mon. Jul. 31, 2023

Trading Signals: MCK Stock Price Prediction and Forecast (Tue. Apr. 1, 2003 - Fri. Dec. 22, 2023)

(McKesson Corporation)
MCK latest price $402.4000 (-0.12%) ($395.3000 - $402.9800) on Mon. Jul. 31, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.23% (three month average)
RSI   36
Latest Price   $402.4000(-0.12%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MCK declines -0.5% a day on average for past five trading days.
Weekly Trend   MCK declines -0.8% a week on average for past two weeks.
Market Behavior   Normal for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support MCK advance at 0% a week (0% probability)
TBT(28%)    SPLV(19%)    XLV(19%)    XLP(13%)    UNG(11%)
Factors Impacting MCK price   MCK will decline at least -0.615% in a week (0% probabilities).
ACES(-37%)    ARKG(-33%)    TIP(-31%)    JETS(-31%)    IDRV(-31%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.615% (StdDev 1.23%)
Hourly BBV -0.3 ()
Intraday Trend -0.4%

Resistance Level   $411.36
5 Day Moving Average   $405.17(-0.68%)
10 Day Moving Average   $409.12(-1.64%)
20 Day Moving Average   $411.36(-2.18%)
To recent high   -5.8%
To recent low   13.7%
Market Cap   $65.265b

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.

$. MCK price fluctuates within 1.23% (three month std-dev: 1.23%) daily (68% of days).

Sample size 32 Average positive next day return: 0.7%(59%) Average negative next day return: -1.01%(41%) Sample size 32 Average positive next three day return: 1.25%(50%) Average negative next three day return: -1.14%(50%) Sample size 32 Average positive next weekly return: 1.14%(59%) Average negative next weekly return: -2.07%(41%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20230831

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Jul_31_2023	383.85	411.36	409.12	405.17	404.27	402.87	402.4(-0.12%)	DT	OpenShort	-75	-0.5	-121	-30	-132	-89	1.12	64%	0.18	-67.5	1.23%	-0.3	-1.8	36	1.5
2	Jul_28_2023	383.16	412.58	410.1	407.33	406.71	404.44	402.89(-0.65%)	DT	OpenShort	-75	-0.8	-102	-40	-112	-70	0.81	64%	0.18	-41.3	1.29%	-1.3	-1.7	35	1.3
3	Jul_27_2023	382.46	413.49	410.86	409.6	409.11	405.68	405.51(0.43%)	DP	OpenShort	-75	-0.7	-183	-60	-210	-101	1.07	65%	0.18	-28.8	1.29%	-0.7	-1.5	37	0.5
4	Jul_26_2023	381.76	414.02	411.36	412.25	412.2	408.99	403.79(-1.82%)	DT	OpenShort	-75	-1.6	-171	-50	-199	-86	1.03	65%	0.18	-16.1	1.29%	-1.6	-2	33	1.9
5	Jul_25_2023	381.07	414.63	411.97	413.69	414.62	412.54	411.27(-0.46%)	DT	OpenShort	-75	-0.5	-86	-30	-99	-48	0.7	69%	0.17	-4.6	1.28%	-1.2	-0.7	36	1.2

6	Jul_24_2023	380.41	414.79	412.21	413.57	414.05	415.42	413.18(-0.26%)	DT	OpenShort	-75	-0.1	-35	30	-36	-30	0.41	69%	0.19	1.9	1.27%	-1.6	-0.4	35	1.6
7	Jul_21_2023	379.7	414.92	412.21	413.26	413.51	416.69	414.25(-1.08%)	UD	OpenLong	75	0.2	161	60	198	48	0.55	69%	0.18	15.9	1.27%	0.2	-0.2	29	1.1
8	Jul_20_2023	379.01	415.07	412.33	412.31	411.98	412.68	418.77(1.89%)	UT	OpenLong	75	1.4	105	10	137	10	0.57	69%	0.19	30.6	1.26%	1.7	0.8	45	1.4
9	Jul_19_2023	378.31	414.83	411.93	410.5	410.45	410.33	410.99(0.09%)	DP	OpenShort	-75	0.1	-54	-0	-46	-76	0.76	64%	0.17	39.6	1.25%	-0.1	-0.9	45	1.5
10	Jul_18_2023	377.67	414.85	412.66	410.05	410.82	411.28	410.64(-0.25%)	N/A	N/A	0	0.1	17	10	36	-42	0.42	64%	0.15	53.3	1.26%	-0.1	-1	46	1.9

11	Jul_17_2023	377.09	414.7	413.62	410.67	410.42	410.56	411.67(0.53%)	DP	OpenShort	-75	0.2	-24	0	-14	-52	0.59	64%	0.14	75.7	1.27%	0.3	-0.7	48	1.4
12	Jul_14_2023	376.55	414.21	415.08	411.29	411.28	410.36	409.5(-0.05%)	DT	OpenShort	-75	-0.4	-34	-20	-31	-44	0.59	64%	0.14	88.8	1.27%	-0.7	-1	43	1.2
13	Jul_13_2023	376.03	413.7	416.24	412.35	412.52	410.29	409.69(0.23%)	DP	OpenShort	-75	-0.5	-100	-40	-111	-66	0.59	64%	0.14	87.1	1.27%	-0.4	-0.7	41	1
14	Jul_12_2023	375.52	413.1	416.88	413.59	413.8	412.21	408.77(-1.2%)	DT	OpenShort	-75	-0.8	-129	-30	-147	-73	0.88	64%	0.13	93.6	1.27%	-1.8	-0.7	45	1.1
15	Jul_11_2023	375.03	412.48	417.6	415.6	415.45	414.76	413.72(-0.25%)	DT	OpenShort	-75	-0.3	-52	-10	-62	-21	0.54	61%	0.11	89.3	1.27%	-1.1	0.2	57	-0.3

16	Jul_10_2023	374.62	411.37	417.73	417.01	416.8	415.4	414.76(-0.01%)	DT	OpenShort	-75	-0.3	-54	-30	-69	-7	0.56	61%	0.13	81.9	1.28%	-1.8	0.4	64	-0.5
17	Jul_7_2023	374.12	409.97	417.88	419.52	418.14	416.13	414.8(-0.27%)	DT	OpenShort	-75	-0.5	-108	-40	-143	-4	0.67	61%	0.14	77.9	1.28%	-0.7	0.5	69	-0.3
18	Jul_6_2023	373.58	408.76	418.16	420.74	420.57	418.21	415.91(-0.69%)	CR	SmallShort	-20	-0.5	-48	-40	-81	50	0.79	61%	0.15	74.8	1.29%	-0.8	0.7	73	-0.6
19	Jul_5_2023	373.03	407.75	418.08	420.6	420.85	420.15	418.79(-0.48%)	CR	SmallShort	-20	-0.2	-39	-10	-76	73	0.76	65%	0.16	69	1.29%	-0.9	0.9	78	0.9
20	Jul_3_2023	372.42	406.34	417.3	419.79	419.6	422.93	420.8(-1.52%)	UD	OpenLong	75	0.1	123	50	111	160	0.4	67%	0.15	63.2	1.32%	0	1.2	82	1.2

21	Jun_30_2023	371.87	404.76	415.9	418.44	417.23	421.55	427.31(1.53%)	UT	HoldLong	65	0.7	259	60	267	235	0.88	70%	0.18	58.1	1.32%	1.6	1.8	93	1
22	Jun_29_2023	371.19	402.87	413.19	416.13	414.66	416.27	420.88(1.37%)	UT	HoldLong	65	0.4	150	20	137	189	0.7	68%	0.15	56	1.31%	1.6	1.5	94	1
23	Jun_28_2023	370.63	401.02	410.86	415.4	414.39	412.92	415.21(0.12%)	UD	OpenLong	65	-0	26	-30	-11	138	0.43	68%	0.15	52.3	1.3%	0.8	1.3	82	1.2
24	Jun_27_2023	370.09	399.64	408.96	415.25	414.68	413.06	414.73(0.15%)	N/A	N/A	0	-0	-64	-30	-117	97	0.5	68%	0.16	48.1	1.31%	0.1	1.3	69	1.1
25	Jun_26_2023	369.5	398.6	406.95	414.37	415.24	415.87	414.09(-0.4%)	UD	OpenLong	75	-0	57	20	24	156	0.39	68%		46.4	1.31%	-0.9	1.4	72	1
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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