| MCK latest price $388.7200 (5.47%) ($383.9900 - $399.9100) on Tue. May. 9, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.43% (three month average) |
RSI | 71 |
Latest Price | $388.7200(5.47%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MCK advances 1.5% a day on average for past five trading days. |
Weekly Trend | MCK advances 1% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support MCK advance at 0% a week (0% probability) XLV(20%) SPLV(18%) TBT(17%) UNG(14%) URA(14%) |
Factors Impacting MCK price | MCK will decline at least -0.715% in a week (0% probabilities). SMH(-23%) IDRV(-22%) IBUY(-22%) IWN(-21%) TAN(-20%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.715% (StdDev 1.43%) |
Hourly BBV | 1.1 () |
Intraday Trend | 1.5% |
| |
|
|