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Walgreens Boots Alliance stock downgraded to Sell Candidate
(Updated on Feb 29, 2024)

Sell candidate since Feb 29, 2024 PDF
The Walgreens Boots Alliance stock price gained 0.473% on the last trading day (Thursday, 29th Feb 2024), rising from $21.16 to $21.26. During the last trading day the stock fluctuated 1.59% from a day low at $21.06 to a day high of $21.40. The price has been going up and down for this period, and there has been a -1.3% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 11 million shares were bought and sold for approximately $238.21 million.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $20.87 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.63% during the next 3 months and, with a 90% probability hold a price between $19.07 and $22.93 at the end of this 3-month period.

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WBA Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, February 26, 2024, and so far it has risen 1.29%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Walgreens Boots Alliance 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 $21.44 and $22.40. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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

Walgreens Boots Alliance finds support from accumulated volume at $20.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.335 between high and low, or 1.59%. For the last week, the stock has had daily average volatility of 2.56%.

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

Trading Expectations (WBA) For The Upcoming Trading Day Of Friday 1st

For the upcoming trading day on Friday, 1st we expect Walgreens Boots Alliance to open at $21.24, and during the day (based on 14 day Average True Range), to move between $20.54 and $21.98, which gives a possible trading interval of +/-$0.722 (+/-3.40%) up or down from last closing price. If Walgreens Boots Alliance takes out the full calculated possible swing range there will be an estimated 6.79% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $20.99 (1.27%) than the resistance at $21.73 (2.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Walgreens Boots Alliance stock A Buy?

Walgreens Boots Alliance holds several negative signals and is within a wide and 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.861 Sell Candidate Downgraded

Predicted Opening Price for Walgreens Boots Alliance of Friday, March 1, 2024

Fair opening price March 1, 2024 Current price
$21.24 ( 0.102%) $21.26

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

News Digest

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 21.57 1.47 %
R2 21.45 0.87 %
R1 21.37 0.500 %
Current price: 21.26
Support S1 21.11 -0.704 %
S2 21.03 -1.08 %
S3 20.90 -1.68 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 24.26 14.11 %
R2 22.57 6.16 %
R1 21.73 2.21 %
Current price 21.26
Support S1 20.99 -1.27%
S2 20.79 -2.21%
S3 19.94 -6.21%

FAQ

What is the symbol for Walgreens Boots Alliance Stock and on which exchange is it traded?
The symbol for Walgreens Boots Alliance is WBA and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Walgreens Boots Alliance Stock?
Walgreens Boots Alliance holds several negative signals and is within a wide and 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Walgreens Boots Alliance Stock?
Walgreens Boots Alliance Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Walgreens Boots Alliance Stock.

What's the current price of Walgreens Boots Alliance Stock?
As of the end of day on the 2024-02-29, the price of an Walgreens Boots Alliance (WBA) share was $21.26.

What is the 52-week high and low for Walgreens Boots Alliance Stock?
The 52-week high for Walgreens Boots Alliance Stock is $36.58 and the 52-week low is $19.68.

What is the market capitalization of Walgreens Boots Alliance Stock?
As of the 2024-02-29, the market capitalization of Walgreens Boots Alliance is 18.334B.

When is the next earnings date for Walgreens Boots Alliance?
The upcoming earnings date for Walgreens Boots Alliance is Mar 26, 2024.

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About Walgreens Boots Alliance

Walgreens Boots Alliance Walgreens Boots Alliance, Inc. operates as a pharmacy-led health and beauty retail company. It operates through two segments, the United States and International. The United States segment sells prescription drugs and an assortment of retail products, including health, wellness, beauty, personal care, consumable, and general merchandise products through its retail drugstores. It also provides central specialty pharmacy services and mail services.... WBA Profile

WBA Dividend Data

8.18%

Dividend Yield (TTM)
Payout Ratio (TTM) 0
Next Ex-Dividend Date Feb 20, 2024
Next Payment Date Mar 12, 2024
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