WBA Technical Analysis - WALGREENS BOOTS ALLIANCE INC

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. On top of that, WBA also shows a nice and consistent pattern of rising prices.

WBA is part of the Consumer Staples Distribution & Retail industry. There are 40 other stocks in this industry. WBA outperforms 76% of them.

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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

WALGREENS BOOTS ALLIANCE INC / WBA Weekly stock chart

WALGREENS BOOTS ALLIANCE INC / WBA Daily stock chart

Setup Rating and Analysis

Although WBA has an excellent technical rating, it does not offer a high quality setup 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

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.

We found 1 important resistance 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.

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What is Support and Resistance

Support and Resistance indicators

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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.