WALGREENS BOOTS ALLIANCE INC (WBA) Technical Analysis
NASDAQ:WBA • US9314271084
Current stock price
WBA Technical Rating and Analysis
Taking everything into account, WBA 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, WBA is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, WBA did better than 76% of all other stocks. We also observe that the gains produced by WBA over the past year are nicely spread over this period.
- WBA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so WBA is performing more or less in line with the market.
- 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.
- WBA is part of the Consumer Staples Distribution & Retail industry. There are 38 other stocks in this industry, WBA did better than 45% of them.
- 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.
WBA Weekly and Daily overview Charts
WBA Setup Rating and Analysis
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.
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WBA Support and Resistance Analysis
10.47
3 important support areas can be observed.
- 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.
WBA Technical Indicator Signal Analysis
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. |
WBA Chart- and CandleStick Pattern Analysis
WBA Technicals: Chart, Performance Metrics, Trend & Indicators
11.98
+0.06 (+0.5%)
WALGREENS BOOTS ALLIANCE INC / WBA TA FAQ
What is the ChartMill technical rating of WALGREENS BOOTS ALLIANCE INC (WBA) stock?
ChartMill assigns a technical rating of 10 / 10 to WBA.
What is the current trend direction of WALGREENS BOOTS ALLIANCE INC (WBA) stock?
The current trend direction for WALGREENS BOOTS ALLIANCE INC (WBA) is Bullish.
What is the RSI signal for WALGREENS BOOTS ALLIANCE INC (WBA) stock?
WALGREENS BOOTS ALLIANCE INC (WBA) has an RSI value of 58.0038. This indicates that the stock is currently neutral.
Can you provide the short term momentum for WALGREENS BOOTS ALLIANCE INC?
The short term momentum for WALGREENS BOOTS ALLIANCE INC (WBA) is positive.
What are the support and resistance levels for WALGREENS BOOTS ALLIANCE INC (WBA) stock?
WALGREENS BOOTS ALLIANCE INC (WBA) has a support level at 11.38 and a resistance level at 12.04. Check the full technical report for our detailed analysis of WBA support and resistance levels.