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Archive
- 4/26/2024 -
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Walgreens (WBA) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Walgreens (WBA). During the week, the WBA dropped -0.54 points, or -2.96%, and closed at 17.70 on Friday, April 26, 2024. Weekly volume was -33% below average.
WBA is a member of Drug Retail Industry. Drug Retail is the second most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See WBA long-term trend chart]
A long-term downtrend had started on April 21, 2022 at 47.28 and reached 17.49 on April 26, 2024. WBA lost 29.79 points, or 63.01%, in 105 weeks. Price is near the trend low.
Medium-term trend: [See WBA medium-term trend chart]
A medium-term downtrend had started on January 2, 2024 at 27.05 and reached 17.49 on April 26, 2024. WBA lost 9.56 points, or 35.34%, in 16 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See WBA weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 28, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.
Short-term trend: [See WBA short-term trend chart]
A short-term downtrend had started on April 23, 2024 at 18.46 and reached 17.49 on April 26, 2024. WBA lost 0.97 points, or 5.25%, in 3 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See WBA daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Staples |
7 |
| Industry |
Drug Retail |
2 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
18.46 |
| High Date |
04/23/2024 |
| Low |
17.49 |
| Low Date |
04/26/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
18.46 |
| High Date |
04/23/2024 |
| Low |
17.49 |
| Low Date |
04/26/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
18.46 |
| High Date |
04/23/2024 |
| Low |
17.49 |
| Low Date |
04/26/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
27.05 |
| High Date |
01/02/2024 |
| Low |
17.49 |
| Low Date |
04/26/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
47.28 |
| High Date |
04/21/2022 |
| Low |
17.49 |
| Low Date |
04/26/2024 |
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