WALGREENS BOOTS ALLIANCE INC (WBA) Stock Technical Analysis
NASDAQ:WBA - US9314271084 - Common Stock
11.98 USD
+0.06 (+0.5%)
12.04 USD
+0.06 (+0.5%)
Overall WBA gets a technical rating of 10 out of 10. Both in the recent history as in the last year, WBA has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that WBA is one of the better performing stocks in the market, outperforming 76% of all stocks. On top of that, WBA also shows a nice and consistent pattern of rising prices.
WBA is one of the better performing stocks in the Consumer Staples Distribution & Retail industry, it outperforms 75% of 41 stocks in the same industry.
WBA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WBA is lagging the market slightly.
WBA has an average volume of 18477100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month WBA has a been trading in a tight range between 11.59 and 12.25.
Volume is considerably higher in the last couple of days.
Although WBA has an excellent technical rating, it does not present a decent entry opportunity 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
10.47
12.33
We found 3 important support areas.
- Support @11.38 from a horizontal line in the daily time frame.
- A support zone ranging from 11.10 to 11.17. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 10.58 to 10.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.04 to 12.21. This zone is formed by a combination of multiple trend lines and important moving averages 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 WBA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WBA is up. |
| ChartMill Relative Strength | 76.31 | POSITIVE | WBA has a high relative strength, it outperformed 76.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WBA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WBA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WBA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58 | NEUTRAL | The RSI value for WBA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests WBA has a negative trend. |
| Stochastics (14,3) | 35.13 | NEUTRAL | The Stochastics value for WBA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.99 | LOW VOLATILITY | The low ATR as a percentage value for WBA suggests low volalility. |
| Average Directional Index/ADX (14) | 41.94 | POSITIVE | The high ADX value value for WBA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
11.98
+0.06 (+0.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg0.5%
1 Week-1.8%
2 Weeks0.76%
1 Month3.01%
3 Month6.49%
6 Month12.17%
12 Month29.51%
2 Year-52.67%
3 Year-65.83%
5 Year-68.49%
10 Year-86.16%
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%0.99%
ATR Inc23.64%
Range Today0.21
ADR(20)0.12
ADR(20)%0.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.31
Mansfield0.35
10 Day High12.25
10 Day Low11.86
20 Day High12.25
20 Day Low11.59
52 Week High13.25
52 Week Low8.08
CS1 End11.38
CR1 Start12.04
Volume & EV
DER(3)1.01%
DER(5)1.03%
Volume452.08M
Volume Incr1466.05%
Vol(5)120.15M
Vol(50)18.48M