WALGREENS BOOTS ALLIANCE INC (WBA) Stock Technical Analysis
NASDAQ:WBA - Nasdaq - US9314271084 - Common Stock - Currency: USD
Taking everything into account, WBA scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, WBA is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
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 6719360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, WBA turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
WBA is part of the Consumer Staples Distribution & Retail industry. There are 40 other stocks in this industry, WBA did better than 51% of them.
In the last month WBA has a been trading in a tight range between 11.46 and 12.05.
Although WBA has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
10.47
12.17
3 important support areas can be observed.
- A support zone ranging from 11.38 to 11.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
We found 1 important resistance area.
- A resistance zone ranging from 12.05 to 12.05. 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 WBA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WBA is up. |
| ChartMill Relative Strength | 62.95 | NEUTRAL | WBA is not amongst the best or worst performers 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) | 81 | OVERBOUGHT | The high RSI value suggests WBA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests WBA has a positive trend. |
| Stochastics (14,3) | 84.69 | OVERBOUGHT | The high Stochastics value suggests WBA may be overbought. |
| Average True Range in percent/ATR (20) | 0.61 | LOW VOLATILITY | The low ATR as a percentage value for WBA suggests low volalility. |
| Average Directional Index/ADX (14) | 41.72 | 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)
12.04
+0.15 (+1.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg1.26%
1 Week1.18%
2 Weeks3.44%
1 Month4.6%
3 Month6.64%
6 Month24.12%
12 Month10.26%
2 Year-52.43%
3 Year-65.66%
5 Year-68.33%
10 Year-86.09%
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%0.61%
ATR Inc85.19%
Range Today0.19
ADR(20)0.07
ADR(20)%0.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.95
Mansfield0.46
10 Day High12.05
10 Day Low11.59
20 Day High12.05
20 Day Low11.46
52 Week High13.25
52 Week Low8.08
CS1 End11.87
CR1 Start12.05
Volume & EV
DER(3)-3.1%
DER(5)-5.34%
Volume13.13M
Volume Incr51.97%
Vol(5)9.00M
Vol(50)6.72M