The Greedy Trader Weekly Analysis
Sign In Feb 23, 2024
Skip Navigation Links
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Archive
- 2/16/2024 -
Sign In to see current Signals.

Walgreens (WBA) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend support line
Daily :The price has fallen below the Parabolic SARBearish Harami Candlestick
Move cursor over the icon to see details.

It was the negative week for the Walgreens (WBA). During the week, the WBA dropped -0.26 points, or -1.17%, and closed at 21.98 on Friday, February 16, 2024. WBA was trading at average weekly trading volume.

Long-term trend: [See WBA long-term trend chart]
A long-term downtrend had started on April 21, 2022 at 47.28 and reached 19.68 on November 30, 2023. WBA lost 27.60 points, or 58.38%, in 84 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 18.36 and resistance is at 32.00. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See WBA medium-term trend chart]
A medium-term uptrend had started on November 30, 2023 at 19.68 and reached 27.05 on January 2, 2024. WBA gained -7.37 points, or -37.45%, in 4 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (22.73) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See WBA weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. 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 February 7, 2024 at 23.77 and reached 21.34 on February 13, 2024. WBA lost 2.43 points, or 10.22%, in 6 days. The price is now at the 26.34% retracement level.

Daily Technical Indicators: [See WBA daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since February 12, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.

Candlestick pattern: [See WBA candlestick chart pattern]
On Friday the chart has formed a Bearish Harami Candlestick pattern. A Bearish Harami pattern occurs in an uptrend. It shows the bulls’ upward drive has weakened and now a trend reversal is possible. The reliability of the Bearish Harami pattern is low. Use the Technical Stock Screener to see the list of stocks that had a Bearish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.18
Williams' Percentage Range (W%R) 73.20
Lane's Stochastic (%D-Slow) 24.89
Greed/Fear Indicator (GFI) 31.94
Moving Average Converg./Diverg. (MACD) -0.38
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.98
Williams' Percentage Range (W%R) 68.70
Lane's Stochastic (%D-Slow) 33.59
Greed/Fear Indicator (GFI) 38.89
Moving Average Converg./Diverg. (MACD) -1.50
Trading Signals
Description Value Chart
50 Day Moving Average 23.74
Parabolic System 23.65
Upper Bollinger Band 23.49
Weekly Stochastic Crossing 23.19
Quarterly Trendline Resistance 22.85
Quarterly Trendline Support 22.73
20 Day Moving Average 22.51
Price 21.98
Daily Stochastic Crossing 21.84
Lower Bollinger Band 21.70
Yearly Trendline Support 18.36
Sector and Industry
Description Name Rank
Sector Consumer Staples 3
Industry Drug Retail 13
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 22.38
High Date 02/15/2024
Low 21.78
Low Date 02/16/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 23.77
High Date 02/07/2024
Low 21.34
Low Date 02/13/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 27.05
High Date 01/02/2024
Low 21.34
Low Date 02/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 22.85
Support 22.73
Low 19.68
Low Date 11/30/2023
High 27.05
High Date 01/02/2024
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 32.00
Support 18.36
High 47.28
High Date 04/21/2022
Low 19.68
Low Date 11/30/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.