| MCK latest price $328.0600 (2.02%) ($322.1100 - $329.6700) on Wed. Jun. 29, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.75% (three month average) |
RSI | 59 |
Latest Price | $328.0600(2.02%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MCK advances 1.1% a day on average for past five trading days. |
Weekly Trend | MCK advances 2.1% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support MCK advance at 0% a week (0% probability) SPLV(40%) DIA(32%) XLV(25%) IVE(24%) IWD(24%) |
Factors Impacting MCK price | MCK will decline at least -0.875% in a week (0% probabilities). VIXM(-14%) UUP(-10%) SMH(-9%) IBUY(-9%) KWEB(-7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.875% (StdDev 1.75%) |
Hourly BBV | 1.3 () |
Intraday Trend | 1.7% |
| |
|
|