McKesson (MCK) Technical Analysis

McKesson Corp (MCK) is a leading healthcare company that provides pharmaceutical distribution and healthcare technology solutions. As investors, it is crucial to analyze the technical indicators of the company's stock in order to make informed trading decisions. Technical analysis involves studying historical price and volume data to identify patterns and trends that can help predict future price movements. By using various technical indicators, traders can gain insights into the stock's momentum, volatility, and potential reversals.

One popular technical indicator is the Relative Strength Index (RSI), which measures the speed and change of price movements. A high RSI value indicates overbought conditions, suggesting that the stock may be due for a price correction. Conversely, a low RSI value suggests oversold conditions, indicating a potential buying opportunity. Another indicator, the Average Directional Index (ADX), measures the strength of a trend. A high ADX value suggests a strong trend, while a low value indicates a range-bound market.