McKesson stock drops 3.74% amid Juneteenth message from McKesson

Traders Union
All News
Companies
McKesson slides 3.74% to $750.63 today

Highlights

MCK remains under sustained downside pressure, trading below all primary moving averages and marking a sharp 4.26% weekly decline.
Momentum indicators across daily and weekly timeframes confirm a strong bearish trend, with sellers firmly in control and oversold signals emerging intraday.
Expected range for next week is $735–$765, with a high likelihood of further downside and only a decisive move above $764 altering the bearish outlook.

Sustained downside as price remains below key moving averages

MCK is trading well below all major daily SMAs, with the current price of $750.63 under the MA-20 ($764.74), MA-50 ($790.18), and MA-200 ($824.19), reflecting persistent downside pressure across short-, medium-, and long-term trends. The Ichimoku Kijun sits at $764.03 above the current level, serving as immediate resistance; near-term support is found at the MA-20 ($764.74), and key support is at MA-100 ($850.86), while near-term resistance is the Ichimoku Kijun ($764.03) and major resistance comes from the MA-50 ($790.18).

Sharpening bearish momentum as sellers dominate weekly performance

Momentum remains weak, as both MACD and ADX on D1 are in "Sell" mode, reflecting bearish pressures. RSI on D1 stands at 40.75 and CCI is near neutral at -26.77, but short-term Stoch RSI and several intraday readings veer oversold, suggesting the decline is becoming stretched. BBP on D1 reads "Overbought" at 6.94, but all lower timeframes show sellers in control, indicating persistent seller dominance intraday despite the BBP's classification. In today’s session, MCK is sharply lower by 3.74%, widening this week’s slide. MCK has fallen $33.42 (4.26%) over the past week, down from $784.05, and is now at the very bottom of its weekly range; weekly volatility stands at 6.51%. This steady decline from the highs aligns with the current bearish momentum signals.

High downside probability as technical signals align with recent losses

Looking ahead, the expected price range for MCK next week is $735–$765, adjusted for both recent volatility and proximity to the current price, and defined by support near multi-day lows and resistance just above the immediate Kijun. There is a very high probability (more than 80%) of further downside, as all major W1 indicators—RSI, ADX, MACD, and MA-50—are deep in "Sell" territory, making a rebound less likely in the near term. The baseline scenario envisions consolidation between $735 and $765 as sellers exert further pressure. The bullish case would require breaking above near-term resistance at $764 to open a return to the $790–$800 area. The bearish scenario could drive a breakdown below $735 toward the low $720s, though this remains above the 52-week low of $637 and far from this year’s $999 high.

Loading...

The tweet was deleted by the author.

But we saved everything 🙂.

Previously it was reported that McKesson was demonstrating short-term resilience but faced persistent medium- and long-term downside risks, leading analysts to urge caution. In light of recent developments, investors should continue to monitor for any reversal signals or fresh momentum shifts, with particular attention to changes in technical trends that could define the next directional move.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.