US stock / ETF

McKesson Corporation

MCK · NYSE · USD

4 hoursBearish59%
4h Downside probability 59%Bearish

MCK 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

4h: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $1,000.7 and stabilize above resistance $1,030.1.

Invalidation Trigger

Break above $1,030.1 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 46.4, MACD -5.062

4h
Volatility EnvironmentBullish
Low volatility

ATR is $8.51 (0.86%)

4h

EMA Structure

Range
EMA 8$999.62Bearish
EMA 21$1,000.7Bearish
EMA 50$978.9Bullish

Signals

CategoryReadStrength
Momentum
RSI 46.4 · MACD -5.062

Neutral zone

Strength
Bearish
Volatility
ATR $8.51 · BB 4.02%

Low volatility

Strength
Bullish
Volume
MFI 43.9 · OBV 6.48%

Relative to 20-period average volume

Strength
Range
Price Levels
$961.88 - $1,030.1

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+4.61% · 5.4 ATR above latest close

$1,038.6
Nearest resistance

+3.75% · 4.4 ATR above · 34-bar high

$1,030.1
Current price

Price shown is delayed

$992.87
Nearest support

-3.12% · 3.6 ATR below · 34-bar low

$961.88
Deeper support zone

-3.98% · 4.6 ATR below latest close

$953.37
ATR zone

Latest close ± ATR14

$984.36 - $1,001.4

Indicators

Trend

Dow Theory Structure

Confirmation $998.15, invalidation $1,008.6

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is moderate

13.8 / 15.1 / 36.1Bearish
Supertrend (10,3)

Price is above Supertrend

$969.13Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,002.5 / $968.39Bearish
Donchian Channel (20)

20-period breakout channel position

29%Range

Volatility

ATR (14)

Low volatility

$8.51 (0.86%)Bullish
Bollinger Bands (20,2)

Width 4.02%

11%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$1,016.9 / $985.29Bullish
ATR channel lower / upper

Current Volatility Envelope

$984.36 / $1,001.4Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,030.1Range
Support

Nearest Downside Decision Level

$961.88Range

Momentum

RSI (14)

Neutral zone

46.4Range
MACD (12,26,9)

Histogram is negative

-5.062Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

11.5 / 9.8Bullish
Williams %R (14)

Oversold zone

-88.5Bullish
CCI (20)

Weak expansion

-124.2Bearish
TD Sequential

Setup is not extreme

buy 7Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

43.9Bearish
OBV slope

20-period OBV slope

6.48%Bullish
Volume ratio

Relative to 20-period average volume

0.86xBearish

Trend

Dow Theory Structure

Confirmation $998.15, invalidation $1,008.6

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is moderate

13.8 / 15.1 / 36.1Bearish
Supertrend (10,3)

Price is above Supertrend

$969.13Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,002.5 / $968.39Bearish
Donchian Channel (20)

20-period breakout channel position

29%Range

Momentum

RSI (14)

Neutral zone

46.4Range
MACD (12,26,9)

Histogram is negative

-5.062Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

11.5 / 9.8Bullish
Williams %R (14)

Oversold zone

-88.5Bullish
CCI (20)

Weak expansion

-124.2Bearish
TD Sequential

Setup is not extreme

buy 7Bullish

Volatility

ATR (14)

Low volatility

$8.51 (0.86%)Bullish
Bollinger Bands (20,2)

Width 4.02%

11%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$1,016.9 / $985.29Bullish
ATR channel lower / upper

Current Volatility Envelope

$984.36 / $1,001.4Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

43.9Bearish
OBV slope

20-period OBV slope

6.48%Bullish
Volume ratio

Relative to 20-period average volume

0.86xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,030.1Range
Support

Nearest Downside Decision Level

$961.88Range

Related Forecasts