Mckesson Stock Technical Analysis

MCK
 Stock
  

USD 342.00  6.94  1.99%   

As of the 30th of September, Mckesson Corp secures the Risk Adjusted Performance of 0.0836, downside deviation of 1.45, and Mean Deviation of 1.1. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Mckesson Corp, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to break down nineteen technical drivers for Mckesson Corp, which can be compared to its peers in the industry. Please verify Mckesson Corp jensen alpha, as well as the relationship between the potential upside and skewness to decide if Mckesson Corp is priced some-what accurately, providing market reflects its recent price of 342.0 per share. Given that Mckesson Corp has jensen alpha of 0.1526, we recommend you to check Mckesson Corp's last-minute market performance to make sure the company can sustain itself at a future point.
  

Mckesson Corp Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Mckesson, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Mckesson
Mckesson Corp's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Mckesson Corp Analyst Consensus

Target PriceAdvice# of Analysts
271.9Buy10Odds
Mckesson Corp current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Mckesson analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Mckesson stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Mckesson Corp, talking to its executives and customers, or listening to Mckesson conference calls.
Mckesson Analyst Advice Details
Mckesson Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Mckesson Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Mckesson Corp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Mckesson Corp Technical Analysis

Indicator
The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of Mckesson Corp volatility developed by Welles Wilder.
.

Mckesson Corp Trend Analysis

Use this graph to draw trend lines for Mckesson Corp. You can use it to identify possible trend reversals for Mckesson Corp as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Mckesson Corp price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Mckesson Corp Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Mckesson Corp applied against its price change over selected period. The best fit line has a slop of   0.43  , which may imply that Mckesson Corp will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 6924.3, which is the sum of squared deviations for the predicted Mckesson Corp price change compared to its average price change.

About Mckesson Corp Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Mckesson Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Mckesson Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Mckesson Corp price pattern first instead of the macroeconomic environment surrounding Mckesson Corp. By analyzing Mckesson Corp's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Mckesson Corp's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Mckesson Corp specific price patterns or momentum indicators. Please read more on our technical analysis page.

Mckesson Corp September 30, 2022 Technical Indicators

Most technical analysis of Mckesson help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Mckesson from various momentum indicators to cycle indicators. When you analyze Mckesson charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Mckesson Corp September 30, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Mckesson stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Additionally, see Correlation Analysis. Note that the Mckesson Corp information on this page should be used as a complementary analysis to other Mckesson Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Complementary Tools for Mckesson Stock analysis

When running Mckesson Corp price analysis, check to measure Mckesson Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mckesson Corp is operating at the current time. Most of Mckesson Corp's value examination focuses on studying past and present price action to predict the probability of Mckesson Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Mckesson Corp's price. Additionally, you may evaluate how the addition of Mckesson Corp to your portfolios can decrease your overall portfolio volatility.
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Go
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Go
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Go
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Go
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Go
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Go
Is Mckesson Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mckesson Corp. If investors know Mckesson will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mckesson Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Mckesson Corp is measured differently than its book value, which is the value of Mckesson that is recorded on the company's balance sheet. Investors also form their own opinion of Mckesson Corp's value that differs from its market value or its book value, called intrinsic value, which is Mckesson Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mckesson Corp's market value can be influenced by many factors that don't directly affect Mckesson Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mckesson Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Mckesson Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mckesson Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.