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Drug Retail Industry Stocks Technical Analysis - WBAArchive
- 4/19/2024 -
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Walgreens (WBA) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Walgreens (WBA). During the week, the WBA gained 0.39 points, or 2.18%, and closed at 18.24 on Friday, April 19, 2024. Weekly volume was -25% below average.
WBA is a member of Drug Retail Industry. Drug Retail is the 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 17.51 on April 18, 2024. WBA lost 29.77 points, or 62.97%, in 104 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 17.51 on April 18, 2024. WBA lost 9.54 points, or 35.27%, in 15 weeks. The price is now at the 7.65% retracement level.
 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. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. 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 uptrend had started on April 18, 2024 at 17.51 and reached 18.28 on April 19, 2024. WBA gained -0.77 points, or -4.40%, in 1 days. The price is now at the 5.19% retracement level.
 Daily Technical Indicators: [See WBA daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.
The daily MACD line is below its signal line since April 1, 2024. The distance between MACD and the signal line is low and getting smaller.
A Parabolic SAR (stop and reversal) indicator (18.4) comes close to the price (18.24). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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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 |
1 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
17.51 |
| Low Date |
04/18/2024 |
| High |
18.28 |
| High Date |
04/19/2024 |
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| Weekly Trend |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
17.51 |
| Low Date |
04/18/2024 |
| High |
18.28 |
| High Date |
04/19/2024 |
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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 |
22.05 |
| High Date |
03/28/2024 |
| Low |
17.51 |
| Low Date |
04/18/2024 |
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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 |
17.51 |
| Low Date |
04/18/2024 |
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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 |
17.51 |
| Low Date |
04/18/2024 |
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