Walgreen Company (WAG) Stock Technical Analysis
USA - NYSE:WAG - US9314221097
Overall WAG gets a technical rating of 10 out of 10. Both in the recent history as in the last year, WAG has proven to be a steady performer, scoring decent points in every aspect analyzed.
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.
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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.
What is the current trend direction of Walgreen Company (WAG) stock?
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 short term momentum for Walgreen Company?
The short term momentum for Walgreen Company (WAG) is positive.
What are the support and resistance levels for Walgreen Company (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.