RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MCK
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McKesson Corporation stock price up 0.495% on Monday
(Updated on Jul 22, 2024)

Sell candidate since Jul 11, 2024 Gain 1.35% PDF

The McKesson Corporation stock price gained 0.495% on the last trading day (Monday, 22nd Jul 2024), rising from $580.13 to $583.00. During the last trading day the stock fluctuated 0.86% from a day low at $579.95 to a day high of $584.93. The price has risen in 6 of the last 10 days but is still down by -1.11% for this period. Volume fell on the last day by -96 thousand shares and in total, 355 thousand shares were bought and sold for approximately $206.79 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $580.47 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.00% during the next 3 months and, with a 90% probability hold a price between $644.34 and $696.19 at the end of this 3-month period.

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MCK Signals & Forecast

Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The McKesson Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $587.32. On a fall, the stock will find some support from the short-term average at $580.36. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -4.08%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for McKesson Corporation stock

McKesson Corporation finds support from accumulated volume at $575.23 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $4.98 between high and low, or 0.86%. For the last week the stock has had daily average volatility of 1.21%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MCK) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect McKesson Corporation to open at $582.63, and during the day (based on 14 day Average True Range), to move between $574.53 and $591.47, which gives a possible trading interval of +/-$8.47 (+/-1.45%) up or down from last closing price. If McKesson Corporation takes out the full calculated possible swing range there will be an estimated 2.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $583.95 (0.16%) than the support at $575.23 (1.33%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is McKesson Corporation stock A Buy?

The McKesson Corporation stock holds several negative signals and despite the positive trend, we believe McKesson Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.064 Sell Candidate Unchanged

Predicted Opening Price for McKesson Corporation of Tuesday, July 23, 2024

Fair opening price July 23, 2024 Current price
$582.63 ( 0.0640%) $583.00

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MCK

Fibonacci Support & Resistance Levels

Level Price
R3 587.61 0.790%
R2 585.70 0.464%
R1 584.53 0.262%
Price 583.00
S1 580.72 -0.390%
S2 579.55 -0.592%
S3 577.65 -0.92%

Accumulated Volume Support & Resistance Levels

Level Price
R3 599.56 2.84%
R2 593.20 1.75%
R1 583.95 0.163%
Price 583.00
S1 575.23 -1.33%
S2 569.59 -2.30%
S3 543.61 -6.76%

MCK Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 24, 2024 Jun 03, 2024 Jul 01, 2024 $0.620 0.106%
2 Apr 24, 2024 May 31, 2024 Jul 01, 2024 $0.620 0.106%
3 Feb 01, 2024 Mar 01, 2024 Apr 01, 2024 $0.620 0.116%
4 Feb 01, 2024 Feb 29, 2024 Apr 01, 2024 $0.620 0.116%
5 Oct 26, 2023 Nov 30, 2023 Jan 02, 2024 $0.620 0.131%

FAQ

What is the symbol for McKesson Corporation Stock and on which exchange is it traded?
The symbol for McKesson Corporation is MCK and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell McKesson Corporation Stock?
The McKesson Corporation stock holds several negative signals and despite the positive trend, we believe McKesson Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy McKesson Corporation Stock?
McKesson Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy McKesson Corporation Stock.

What's the current price of McKesson Corporation Stock?
As of the end of day on the Jul 22, 2024, the price of an McKesson Corporation (MCK) share was $583.00.

What is the 52-week high and low for McKesson Corporation Stock?
The 52-week high for McKesson Corporation Stock is $612.17 and the 52-week low is $395.30.

What is the market capitalization of McKesson Corporation Stock?
As of the Jul 22, 2024, the market capitalization of McKesson Corporation is 75.622B.

When is the next earnings date for McKesson Corporation?
The upcoming earnings date for McKesson Corporation is Aug 07, 2024.
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About McKesson Corporation

McKesson McKesson Corporation provides healthcare services in the United States and internationally. It operates through four segments: U.S. Pharmaceutical, International, Medical-Surgical Solutions, and Prescription Technology Solutions (RxTS). The U.S. Pharmaceutical segment distributes branded, generic, specialty, biosimilar, and over-the-counter pharmaceutical drugs and other healthcare-related products. This segment also provides practice management,... MCK Profile

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