WALGREENS BOOTS ALLIANCE INC (WBA) Stock Technical Analysis
NASDAQ:WBA - Nasdaq - US9314271084 - Common Stock - Currency: USD
Overall WBA gets a technical rating of 5 out of 10. In the last year, WBA was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, WBA is a bad performer in the overall market: 82% of all stocks are doing better.
WBA is part of the Consumer Staples Distribution & Retail industry. There are 41 other stocks in this industry, of which 72% are performing better than WBA.
Both the short term and long term trends are positive. This is a very positive sign.
WBA has an average volume of 11340900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
WBA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WBA is lagging the market.
In the last month WBA has a been trading in a tight range between 11.07 and 11.39.
Considerably lower volume is observed in the last couple of days.
WBA has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 11.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.30, a Stop Loss order could be placed below this zone.
More info and screens
10.47
12.66
We found 2 important support areas.
- A support zone ranging from 11.07 to 11.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
2 important resistance areas can be observed.
- Resistance @11.38 from a horizontal line in the daily time frame.
- Resistance @12.53 from a horizontal line in the weekly time frame.
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 | 18.53 | NEGATIVE | WBA has a low relative strength, it was outperformed by 81.47% 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) | 62.34 | NEUTRAL | The RSI value for WBA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests WBA has a positive trend. |
| Stochastics (14,3) | 87.45 | OVERBOUGHT | The high Stochastics value suggests WBA may be overbought. |
| Average True Range in percent/ATR (20) | 0.76 | LOW VOLATILITY | The low ATR as a percentage value for WBA suggests low volalility. |
| Average Directional Index/ADX (14) | 25.81 | 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)
11.36
+0.02 (+0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg0.18%
1 Week0.98%
2 Weeks1.16%
1 Month2.07%
3 Month1.16%
6 Month9.34%
12 Month-26.95%
2 Year-60.13%
3 Year-70.03%
5 Year-73.2%
10 Year-86.55%
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%0.76%
ATR Inc-36.91%
Range Today0.06
ADR(20)0.08
ADR(20)%0.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.53
Mansfield0.23
10 Day High11.39
10 Day Low11.18
20 Day High11.39
20 Day Low11.07
52 Week High16.25
52 Week Low8.08
CS1 End11.3
CR1 Start11.38
Volume & EV
DER(3)0.84%
DER(5)1.77%
Volume3.59M
Volume Incr-52.86%
Vol(5)5.39M
Vol(50)11.34M