Walgreens Boots Alliance, Inc. Stock Forecast

Stronger technical forecast for Walgreens Boots Alliance, Inc. stock price after Friday trading.
(Updated on May 24, 2024)

W8A.F Signals & Forecast

There are few to no technical positive signals at the moment. The Walgreens Boots Alliance, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 15.87€ and 16.54€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -11.99%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Walgreens Boots Alliance, Inc. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.210€ between high and low, or 1.43%. For the last week the stock has had daily average volatility of 2.80%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (W8A.F) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect Walgreens Boots Alliance, Inc. to open at 14.86€, and during the day (based on 14 day Average True Range), to move between 14.44€ and 15.36€, which gives a possible trading interval of +/-0.455€ (+/-3.06%) up or down from last closing price. If Walgreens Boots Alliance, Inc. takes out the full calculated possible swing range there will be an estimated 6.11% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ 16.77€, some 1.87€ (12.58%) from the current price of 14.90€, our system finds the risk reward not very attractive.

Is Walgreens Boots Alliance, Inc. stock A Buy?

Walgreens Boots Alliance, Inc. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -2.927 Sell Candidate Upgraded

Predicted Opening Price for Walgreens Boots Alliance, Inc. of Monday, May 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.