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Archive
- 4/5/2024 -
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Walgreens (WBA) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Walgreens (WBA). During the week, the WBA dropped -2.56 points, or -11.80%, and closed at 19.13 on Friday, April 5, 2024. Weekly volume was 96% above 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 18.49 on April 3, 2024. WBA lost 28.79 points, or 60.89%, in 101 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 18.49 on April 3, 2024. WBA lost 8.56 points, or 31.65%, in 13 weeks. The price is now at the 7.48% retracement level.
 Weekly Technical Indicators: [See WBA weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index and Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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, Relative Strength Index and Williams' Percentage Range help.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 3, 2024 at 18.49 and reached 19.24 on April 5, 2024. WBA gained -0.75 points, or -4.06%, in 2 days. The price is now at the 14.67% retracement level.
 Daily Technical Indicators: [See WBA daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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