Walgreen Company (WAG) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:WAG • US9314221097
Taking everything into account, WAG scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WAG is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, WAG did better than 87% of all other stocks.
- WAG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month WAG has a been trading in the 66.45 - 77.98 range, which is quite wide. It is currently trading near the high of this range.
- WAG has an average volume of 5271780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
WAG has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
60.73
When analyzing the support we can see 4 important areas.
- A support zone ranging from 70.14 to 70.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 66.75 to 67.13. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @63.21 from a trend line in the weekly time frame.
- Support @61.34 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 76.46 to 76.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for WAG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WAG is up. |
| ChartMill Relative Strength | 87.84 | POSITIVE | WAG has a high relative strength, it outperformed 87.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WAG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WAG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WAG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.33 | NEUTRAL | The RSI value for WAG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests WAG has a positive trend, although the MACD value is declining. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for WAG suggests some volalility. |
76.05
-0.74 (-0.96%)
Walgreen Company / WAG FAQ
What is the technical rating for WAG stock?
ChartMill assigns a technical rating of 9 / 10 to WAG.
Can you provide the trend direction for Walgreen Company?
The current trend direction for Walgreen Company (WAG) is Bullish.
Can you provide the RSI signal for Walgreen Company?
Walgreen Company (WAG) has an RSI value of 67.327. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for Walgreen Company?
The buy/sell signal for Walgreen Company (WAG) is buy as both the short term and long term trends are positive.
What is the support and resistance level for WAG stock?
Walgreen Company (WAG) has a support level at 70.9 and a resistance level at 76.46. Check the full technical report for our detailed analysis of WAG support and resistance levels.