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ADX Indicator for [MCK] McKesson Corp.

Data updated 2024-Jul-19 (Friday)

  Analyze current daily levels of Average Directional Movement Index indicator for McKesson Corp. . Technicals are widely used by investors to gauge performance, momentum etc. See Guide for further details . To compare technicals across stocks/etfs/crypto visit technical summary . Also, view daily frequency distribution of bullish/bearish technical signals (e.g. RSI, MACD etc.) with technical sentiment report to gauge changes in aggregate across the market or a particular sector

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Recent Technical Indicator history for McKesson Corp. use daily Average Directional Movement Index (ADX) values as of Last Close (2024-Jul-19). See additional information below on calculation, interpretation etc.

Average Directional Movement Index



Calculation Methodology:
plusDI and minusDI are calculated using a 14 period Exponential Moving Average (EMA)

Detailed calculation steps are provided in the Reference links. Values are adjusted for splits (if applicable)
How to use this indicator:
ADX measures strength of the prevailing trend commonly utilized by investors looking at momentum to determine entry/exit.
  • 0-25: Absent or Weak Trend
  • 25-50: Strong Trend
  • 50-75: Very Strong Trend
  • 75-100: Extremely Strong Trend
  • +DMI(plusDI) is above -DMI(minusDI): Prices are moving up, ADX measures strength of the uptrend
  • -DMI(minusDI) is above +DMI(plusDI): Prices are moving down, ADX measures strength of the downtrend

  • Interpretation above is not comprehensive but rather just a starting point of understanding. Experienced market professionals typically use a combination of different datapoints to drive decisions. Use additional links in the References section for more details
    What about other technicals?

    There are many technicals and many different settings for even the above indicators like different moving average periods selected for example. We however show only popular technical indicators with the most common configuration because they have historically gained acceptance as being the most useful. Mastering interpretation of these indicators will serve most investors well without adding clutter or noise from a large selection of less common indicators/settings. Email us if you strongly feel that there are other indicators worth adding

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    Compare Technicals for McKesson Corp. with other stocks/etfs/crypto in a side-by-side presentation using this widget

    Frequency distribution of daily ADX values from 2022-Jul-19. Latest ADX value is 16.7 as of 2024-Jul-19. Longer frequency distribution of ADX also available (5-year deciles linked below chart)


    ADX Deciles
    MCK : Key Technicals 2024-Jul-19 Friday
    AD 368 Million ADX 16.7
    ATR 8.74 CCI -56.5
    MACD -1.96 OBV 144 Million
    OSC 36.6 34.1 RSI 47

    Anomalies  AI

    Anomaly Detection for McKesson Corp. looks at key performance metrics relative to it's history (upto 10 years) for McKesson Corp. to identify unusual levels for 2024-Jul-19:

  • Avg. 10-d Up performance at +0.4% is extraordinarily low
  • 30-d Downswing at +1.6% is extremely low. Subsequent performance over next 20 days in such cases averages +2.4% and is up 67% of the time. Subsequent performance over next 50 days in such cases averages +4.6% and is up 74% of the time
  • 200-d Consistency at 59% is unusually high. Subsequent performance over next 200 days in such cases averages +24.9% and is up 81% of the time
  • Avg. 200-d Up performance at +0.8% is extraordinarily low
  • Avg. 30-d Up performance at +0.6% is extremely low
  • ...
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    Anomaly Detection for McKesson Corp. looks at key technical metrics relative to it's history (upto 10 years) for McKesson Corp. to identify unusual levels for 2024-Jul-19:

  • OBV at 100 Million is extremely elevated
  • Chaikin A/D at 400 Million is abnormally elevated. Subsequent performance over next 200 days in such cases averages +30.1% and is up 89% of the time
  • MACD-EMA(MACD) at -2.0 is extraordinarily depressed. Subsequent performance over next 5 days in such cases averages +1.2% and is up 67% of the time. Subsequent performance over next 100 days in such cases averages +7.0% and is up 73% of the time
  • ATR at 8.7 is abnormally elevated. Subsequent performance over next 200 days in such cases averages +16.3% and is up 76% of the time
  • ...
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     Anomaly Details




    Related to McKesson Corp.

    Information for McKesson Corp.

      Current Detail : Recent daily/monthly performance & benchmark comparison
      Historical Detail : Historical performance & related information using Time Machine
      Financial Statements : Analyze Income Statement, Balance Sheet & Cashflow Statement and also compare with peers
      Bayesian Statement Classifier : Investigate historical financial statements to make probabalistic predictions using Artificial Intelligence
      Anomaly Detection : Investigate unusual recent performance & technicals with historical context using AI
      Historical Seasonality : Seasonal performance by calendar months
      Dividend History : History of Dividend Yield
      Technical History : Popular Technical indicator trends (RSI, MACD etc.) Currently Viewing
      Metric Deciles : Contextualizing recent performance & technical levels into historical decile buckets
      Dollar Cost Averaging : Dollar Cost Average (DCA) over time in your portfolio
      Moving Averages : Key Simple & Exponential Moving Averages
      Historical Analogues : Insights from closest historical matches to recent performance using Artificial Intelligence
      Chart Pattern Matching : Insights from similar historical charts to recent chart using Artificial Intelligence
      News Stories : News stories on 2024-Jul-19 on Google
      SEC Reports : Quarterly reports around 2024-Jul-19 on SEC Edgar

    Compare McKesson Corp. with other assets

      Market Performance : Recent performance across covered assets
      Historical Performance : Prior & Subsequent performance across assets on a historical date
      Market Technicals : Technical indicator levels across covered assets
      Market Seasonality : Seasonal performance by calendar months across covered assets
      Pair Correlations : Performance Correlations with other assets
      Beta : Volatility relative to the broad market
      Performance Comparison : Visually compare/benchmark performance with other assets over time
      Side-by-Side Comparison : Contrast with other assets over time in a side-by-side presentation
      Sector : Health Care sector performance which includes McKesson Corp.
      Industry : Care & Services industry performance which includes McKesson Corp.










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