Uptrend Under Pressure 100
Institutional selling is building — 7 distribution days in the last 25 sessions. Severe risk · 100/100 · 7 distribution days (SPY) Oct 26 Full briefing →
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MCK · McKesson Corporation

$992.87 -0.79% Oct 26 close
Detected setup Cup & Handle · Setup Score 55/100

Stand aside — setup invalidated

Setup score 55, but distribution days reach 5 or more — stand aside until the condition resets.

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$MCK

McKesson Corporation

McKesson Corporation is a large-cap Medical Distributors company in the Distribution Services sector with a market cap of $116B.

Distribution Services Medical Distributors stock Stage 2 · Advancing Base 1
$992.87 latest close
Market Structure
Trend structure: range
Latest event: structure_shift (bullish)
Support 841.85–847.90 · 6 touches · strong
Support 907.00–912.50 · 5 touches · strong
Support 789.96–794.59 · 4 touches · moderate
Support 873.03–879.10 · 4 touches · moderate
Support 744.45–748.97 · 3 touches · moderate
Verdict · setup score 55/100 · data Oct 26 close · latest session

Stand aside — setup invalidated

Setup score 55, but distribution days reach 5 or more — stand aside until the condition resets.

Recent price action · daily
$900$1,000AugSepOct$993

What would change this verdict

What needs to turn for this to become buyable — the top failing checks across the legend council:

  • Minervini 1.2 150-day MA > 200-day MA — MA150 $845.36 vs MA200 $859.61
  • Minervini 2. Quarterly EPS growth ≥ 25% — From SEPA scan
  • O'Neil L: RS rank ≥ 80 (IBD leadership) — RS rank 76
  • O'Neil A: Annual earnings & revenue quality — Rev +12.4%
  • Weinstein Volume expansion above average — Volume ratio 0.61x
  • Weinstein Weekly price coiling (Stage 2 consolidation) — Tightening weekly range confirms base
Minority view — the council disagrees here
  • Minervini: avoid Trend-template read: fails 150-day MA > 200-day MA.
  • O'Neil: avoid CANSLIM read: fails L: RS rank ≥ 80 (IBD leadership).
  • Weinstein: watch Stage-analysis read: Stage 2 is present; 2 supporting checks need improvement.
67 Strong
Legend Score · rates the stock Strong (67/100) — held back by quality (smr-like)

Our proprietary 0-100 rating — the answer to Wall Street's black-box scores. Five pillars, each computed from real scan data, each explained below in plain English.

  • Relative Strength (25%) 76
  • Trend Template (25%) 88
  • Institutional Footprint (20%) 68
  • EPS Growth (15%) 50
  • Quality (SMR-like) (15%) 30

RS rank 76: above-average strength. Trend template 7/8: price above rising 50/150/200-day lines — textbook uptrend structure. Institutional score 68: mild accumulation. No recent earnings growth data — scored neutral. Quality 30: weak fundamentals (sales growth 30). Updated 2026-10-27.

Earnings

Pre-earnings setup

Next earnings Tuesday, November 3, 2026 Report time not confirmed by the source

Deterministic evidence

MCK-0.79%
Sector proxy · XLI+1.42%
Broad market · SPY+0.71%
Same completed session window ending 2026-10-26. MCK was -2.21 points vs XLI. -1.50 points vs SPY.
CatalystPending Stock reactionNegative Sector reactionSupportive Opening surgePending Event riskEarnings-driven

Session internals Weak

Rule: closed flat-to-down and in the bottom third of the range. Judged on internals, not on the size of the move.

Vs prior close-0.79% From the open-0.85% Range position24% GapNo gap
QQQ confirmationDiverging (+1.11%) SMH confirmationDiverging (+2.74%)
Short-term conviction -2 points.
  • QQQ, SMH moved against the stock — no index confirmation.
  • A sourced earnings report is still pending inside the risk window; ordinary technical conviction is reduced until it is out.
Price bars, sourced event fields, and benchmark math only. This can adjust displayed short-term conviction; it does not change the stored scanner score or readiness.

Ask a Legend to interpret this evidence → Commentary only — never scanner evidence or a sizing recommendation.

Price $992.87 -0.8% Oct 26 close
52W High $1030.27 3.6% below high
Wks Since High 0w
Base Depth 4.1%
RS Rank 49 percentile of scan
SMA 50 $912.56
Avg Vol 830,028
Rel Vol (Oct 26) 0.61× 1.62× on up days
More stats
52W Low $723.68
Tight Wks 0
Base B1
SMA 200 $859.61
RS Line vs High -11.4%
RS Line Slope +14.6% ▲
Group Rank #23/66
ADR% 2.3%
ATR(14) $21.92 (2.2%)
Vol Pace (live) N/A
A/D Days 11A / 17D
A/D Rating E
VDU Bars 0/10 d
Power Trend 18d
Earnings in 7d
Position in 52-week range 88thpercentile of the 52-week range
$723.68low
$1030.27high

MCK Chart

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Technical Analysis Report Card

$MCK · $992.87 · as of 2026-10-26 · multi-factor read
100
/ 100
Technicals 100/100
Reference read from price & volume only — the verdict at the top of the page decides the action.

Trend · Daily / Weekly / Monthly

Daily ▲ Uptrend
Weekly ▲ Uptrend
Monthly ▲ Uptrend

Moving Averages

50-day$912.56 ↑
100-day$862.84 ↑
200-day$859.61 ↑
Bullish (50 > 200)

RSI (14)

Reading63.2 · Bullish

Bullish momentum — comfortably in buyer territory.

MACD (12/26/9)

StateBullish
Histogram+2.916

Bullish — MACD above its signal line and above zero. Histogram contracting.

Bollinger Bands (20,2)

%B / Width68% · 22.3%

Mid-band — no directional band edge in play.

Volume · Buyer vs Seller

Up/Down vol1.62 · Accumulation
Rel volume0.61×
Pocket pivots · 10d0
5d vs 50d vol78%
Heavy vol up / down0 / 0

Accumulation — volume is concentrated on up days; buyers dominate. Recent volume is easing versus its baseline.

Support & Resistance

R · $1030.2752-week high
Price · $992.87now
S · $844.49swing level
S · $810.88swing level
S · $744.52swing level

Fibonacci · Uptrend swing

23.6%$957.91
38.2%$913.15
50.0%$876.97
61.8%$840.80
78.6%$789.29

Retracement support zones measured from the recent swing low up to the high.

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Daily uptrendWeekly uptrendMonthly uptrendAbove 200-day MA50/200 bullishVolume accumulation
Want this read in a legend's voice? Ask a Legend about MCK
Generic technical analysis generated mechanically from price & volume — educational research only, not financial advice or a personalized recommendation. Levels are illustrative; confirm on your own chart. New to these terms? →
Legend Verdicts 6 methodology checks

Who would consider this setup, why it qualifies, and what blocks it — calculated from the same deterministic methodology rules used across Legend AI.
How to read the numbers: the setup score (55/100, in the verdict band) rates this trade setup. Each legend's A–D grade rates the same setup against that legend's own checklist — so a high score next to a C grade is not a contradiction. The setup can be strong without fitting that legend's style. When the council disagrees, the verdict band breaks the tie.

Council consensus: 7 of 9 legends are Watching — building, not yet a confirmed buy.
Minervini Avoid C Trend-template read: fails 150-day MA > 200-day MA.
Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $992.87, MA150 $845.36, MA200 $859.61
1.4 50-day MA > 150-day MA AND 200-day MAMA50 $912.56, MA150 $845.36, MA200 $859.61
Failing evidence
1.2 150-day MA > 200-day MAMA150 $845.36 vs MA200 $859.61
2. Quarterly EPS growth ≥ 25%From SEPA scan
8/12 checks
O'Neil Avoid D CANSLIM read: fails L: RS rank ≥ 80 (IBD leadership).

partialRule check says AVOID (3/8 checks passed) — CANSLIM read: fails L: RS rank ≥ 80 (IBD leadership).

Passing evidence
C: Quarterly EPS acceleration ≥ 25%CANSLIM grade B
N: Near 52-week high or RS line new high3.6% below high | RS line new high: False
Failing evidence
L: RS rank ≥ 80 (IBD leadership)RS rank 76
A: Annual earnings & revenue qualityRev +12.4%
3/8 checks
Weinstein Watch C Stage-analysis read: Stage 2 is present; 2 supporting checks need improvement.

mediumClassic Stage 2 advancing phase — strong weekly trend confirms uptrend. This is Weinstein's sweet spot: buy and hold while price remains above the 30-week MA.

Passing evidence
Stage 2 (Advancing phase) confirmedStage 2 (Advancing)
Price above 30-week MA (200-day proxy)Price $992.87 vs MA200 $859.61
Failing evidence
Volume expansion above averageVolume ratio 0.61x
Weekly price coiling (Stage 2 consolidation)Tightening weekly range confirms base
5/7 checks
dennis Watch C Turtle read: no Donchian signal. The system stays flat until price takes out the 20-day high.
Passing evidence
No breakdown below the 20-day channel20-day low $847.28
Volatility-unit sizing (1N ≈ 1% of equity)1N = $22.52 (2.27% of price); the Turtles size 1 unit so a 1N move ≈ 1% of equity, making the 2N stop ≈ 2% equity risk
Failing evidence
S1: 20-day Donchian breakoutNot confirmed
S2: 55-day Donchian breakoutNot confirmed
5/7 checks
zanger Watch B Zanger read: the structure is fine but the breakout quality is not there yet — wait for 150%+ volume on the break.

partialZanger would buy the Cup & Handle breakout only with 150-200% volume, never more than 5% above the breakout point, with a 2-3% stop set at entry. His edge over O'Neil is the exit plan: sell 20-30% of the position at +15-20%, then trail the rest on the 10/20-day moving average.

Passing evidence
Named Zanger pattern onlyCup & Handle
Not extended (≤5% above the breakout point)Measured as passing
Failing evidence
Breakout volume 1.5-2.0x averageData unavailable
5/6 checks
zweig Watch D Zweig read: part of his screen passes but not all: Insider buying — wait for the full growth screen before treating this as a Zweig setup.
Passing evidence
Reasonable price for the growth (P/E ≤ 35)Trailing P/E 25.9x — no PEG or forward P/E stored
Price strength (RS ≥ 70)RS score 76 — Zweig buys strength, not bargains
Failing evidence
Insider buyingNo insider buying flagged
Monetary conditions: don't fight the FedFed series stored but too thin to read direction
4/8 checks
Livermore Watch B Pivotal-point read: constructive evidence is present, but volume vs average is unresolved.
Passing evidence
Price$992.87
Relative strengthRS 76
Failing evidence
Volume vs average0.61x
Pivotal point cleared on expanding volumeNot confirmed
4/6 checks
Darvas Watch B Box-theory read: constructive evidence is present, but volume vs average is unresolved.

mediumBuilding the top of the box (3.6% from 52W high) — watch for a box breakout with volume expansion.

Passing evidence
Price$992.87
Relative strengthRS 76
Failing evidence
Volume vs average0.61x
Box top broken on heavy volumeNot confirmed
4/6 checks
Wyckoff Watch B Supply-and-demand read: constructive evidence is present, but volume vs average is unresolved.
Passing evidence
Price$992.87
Relative strengthRS 76
Failing evidence
Volume vs average0.61x
Sign of Strength confirmed on expanding volumePrice hasn't cleared the pivot yet — confirmation pending
4/6 checks
Base & Breakout
Breakout follow-through

No active breakout tracked — Legend AI monitors daily for pivot-point breaks. What's a breakout?

RS Line vs SPY 52-week relative strength · blue = RS line · dashed = MA50 · dot = NH ▲ Rising
110RS Line (52W)
Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net -3 E
A: 12 D: 15 Net: -365 sessions
Minervini · Grade Card
Fundamentals & leadership quality — Minervini’s published criteria · 2/7 met
C 2/7 criteria
Separate score from the Minervini Trend Template (7/8): the Trend Template grades the price structure, this grades the company & leadership (earnings, sales, margins, RS rank). A stock can ride a clean trend while its fundamentals lag, so the two often differ by design — they are not the same checklist.
✗ EPS acceleration ≥25% QoQ —
✗ Revenue growth ≥20% YoY +12%
✗ Gross margin ≥30% —
✗ ROE ≥17% —
✗ RS rating ≥80 (leadership) 76
✓ Stage 2 uptrend (Weinstein) Stage 2
✓ Within 25% of 52W high -3.6%

Method Playbook

Trade it like Zanger EXACT LEVELS · PRO
Zanger B · Watch — The deterministic methodology check is Watch; wait for the failing or incomplete criteria to improve before the trigger can qualify.
Pivot
Pro level
Published-method rule: Use the breakout point of a named pattern (flat base, bull flag, ascending triangle, cup and handle, double bottom, symmetrical triangle).
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro level
Published-method rule: Buy the breakout day on 150-200% of average volume. Never pay more than 5% above the breakout point.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro level
Published-method rule: Set the stop 2-3% below entry and sell on bad price action before it is even hit.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-based
Published-method rule: Sell 20-30% of the position at +15-20% from the breakout, then trail the rest on the 10/20-day moving average.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro level
Published-method rule: Out on a break of the 10/20-day MA, a failed breakout back below the pivot, or a reversal pattern — winners are held, laggards are sold fast.
Evidence: Canonical setup geometry is available with Pro.
Deterministic educational plan, not a recommendation. No order or stop is changed automatically. Method and sources →

Pattern Analysis

Cup & Handle Historical replay: +20% before −8% within 40 sessions: 16% (n=376) · source bars 2024-11-01–2026-10-26 · avg +0.3% per setup (+0.03R) ⚠ Not actionable yet
55 setup score
RS Score 76
Trend template 7/8
CANSLIM 70.6* (B)
26.0% cup depth 3.7% handle 5 sessions since breakout
  • Cup 26.0% deep from a $977.77 left rim to a $723.68 low
  • Rims 0.2% apart (ideal, within 10%)
  • Handle pulled back 3.7% over 1 bar from $1014.99 to $977.89
  • Handle sits in the upper half of the cup
  • Rounded U-shaped bottom
  • Pivot $1014.99 fixed at the handle high
  • Breakout: 5 bars since the first close above the pivot
  • Volume dried up in the handle
Raw detector evidence · confidence is a heuristic match score, not a probability depth=26.0%, handle_pb=3.7%, lips_diff=0.2%, upper_half=yes, u_shape=yes, near_pivot=yes, orderly=yes | Strong trend (7/8) | Good RS (76) | High-confidence pattern (92%) | Accumulation (1.6× up/dn vol) | Power Trend | Stage 2 | Readiness 60/100 (early) | CANSLIM 70.6 (B) | ⚠ Not actionable yet setup_key=cup_handle|2026-05-11|2026-10-14|1014.99 · cup_handle/2026-10-03 anchors={"bottom": {"bar": 93, "bars_ago": 116, "date": "2026-05-11", "price": 723.68}, "breakout": {"bar": 205, "bars_ago": 4, "date": "2026-10-20", "price": 1030.12}, "handle_high": {"bar": 203, "bars_ago": 6, "date": "2026-10-16", "price": 1014.99}, "handle_low": {"bar": 204, "bars_ago": 5, "date": "2026-10-19", "price": 977.89}, "left_lip": {"bar": 42, "bars_ago": 167, "date": "2026-02-26", "price": 977.775}, "right_lip": {"bar": 201, "bars_ago": 8, "date": "2026-10-14", "price": 979.82}}
Why This Setup? D+W Confluence
cup handle Cup & Handle · schematic

depth=26.0%, handle_pb=3.7%, lips_diff=0.2%, upper_half=yes, u_shape=yes, near_pivot=yes, orderly=yes | Strong trend (7/8) | Good RS (76) | High-confidence pattern (92%) | Accumulation (1.6× up/dn vol) | Power Trend | Stage 2 | Readiness 60/100 (early) | CANSLIM 70.6 (B) | ⚠ Not actionable yet

The Universal Edge Check · context only

What the setup still has going for it, recorded for later. The verdict above stands — these principles do not overrule it.

4/7 universals met
  • A relative-strength leader — not met RS rank 49 — laggard
  • Clear of earnings — not met in 7 days — event risk
  • Volume confirms — partly met 0.6× average — light
  • Asymmetric reward — met Met — levels are a Pro detail
  • In a confirmed uptrend — met Stage 2 · Trend template 7/8
  • Not chasing (in range) — met Met — levels are a Pro detail
  • Risk is defined — met Met — levels are a Pro detail
Why these seven? → The Universal Edge

Minervini Trend Template

7/8

Grades the price structure — moving-average stacking, distance from the 52-week high/low, and relative strength above the ≥70 uptrend bar. This is the technical trend check; the company's fundamentals and ≥80 RS leadership are scored separately in the Grade Card.

Price above SMA 150 & 200 $992.87 vs SMA150 $845.36 / SMA200 $859.61
SMA 150 above SMA 200 SMA150 $845.36 vs SMA200 $859.61
SMA 200 trending up Slope +13.46 over 20 days
SMA 50 above SMA 150 & 200 SMA50 $912.56
Price above SMA 50 $992.87 vs SMA50 $912.56
30%+ above 52-week low +37.2% from $723.68
Within 25% of 52-week high -3.6% from $1030.27
RS score above 70 RS 76

Fundamentals

52W Range
88%
Mkt Cap SEC
115.8B
Rev YoY
+12%
EPS TTM
$38.38
P/E TTM
25.9x
Float
117M
Insider
No Buy

Company

Company profile
McKesson Corporation
MCK · NYSE · Distribution Services · Medical Distributors
O'Neil · Grade Card
CANSLIM — current EPS, annual EPS, new highs, supply, leader RS, inst. sponsorship, market
B 70.6* CANSLIM * disqualified on M
C · Curr. EPS
100
A · Annual EPS
70
N · New Highs
100
S · Supply/Demand
70
L · Leader RS
76
I · Inst. Spons.
50
M · Market
30

Weekly Context

Multi-timeframe signals from weekly bars
W. Trend
7/8
W. RS
78
W. Support
$723.68
W. Resist
$1030.27
W. Patterns
Cup & Handle Base Breakout
Weekly Structure

Scan History

20× streak
Oct 23: 68 (Cup & Handle)Oct 26: 88 (Cup & Handle)Oct 26: 90 (Cup & Handle)Oct 27: 55 (Cup & Handle)55
Oct 27
Cup & Handle ✓ Gate
55
Oct 26
Cup & Handle ✓ Gate
90 0.0%
Oct 26
Cup & Handle ✓ Gate
88 0.0%
Oct 23
Cup & Handle ✓ Gate
68 -0.8%

Latest News

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