Walgreens Stock Technical Analysis

WBA
 Stock
  

USD 40.87  0.09  0.22%   

As of the 29th of June, Walgreens Boots maintains the market risk adjusted performance of (0.16), and Mean Deviation of 1.4. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Walgreens Boots Alliance, as well as the relationship between them. Specifically, you can use this information to find out if the company will indeed mirror its model of past data patterns, or the prices will eventually revert. We have analyzed nineteen technical drivers for Walgreens Boots Alliance, which can be compared to its rivals. Please check out Walgreens Boots Alliance value at risk, and the relationship between the jensen alpha and semi variance to decide if Walgreens Boots Alliance is priced fairly, providing market reflects its latest price of 40.87 per share. Given that Walgreens Boots Alliance has jensen alpha of 0.0016, we strongly advise you to confirm Walgreens Boots Alliance's prevalent market performance to make sure the company can sustain itself at a future point.
  
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Walgreens Boots Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Walgreens, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Walgreens
Walgreens Boots' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Walgreens Boots Analyst Consensus

Target PriceAdvice# of Analysts
54.56Sell9Odds
Walgreens Boots Alliance current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Walgreens analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Walgreens stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Walgreens Boots Alliance, talking to its executives and customers, or listening to Walgreens conference calls.
Walgreens Analyst Advice Details
Walgreens Boots technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Walgreens Boots technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Walgreens Boots trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Walgreens Boots Alliance Technical Analysis

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The output start index for this execution was twenty with a total number of output elements of fourty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Walgreens Boots Alliance volatility. High ATR values indicate high volatility, and low values indicate low volatility.
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Walgreens Boots Alliance Trend Analysis

Use this graph to draw trend lines for Walgreens Boots Alliance. You can use it to identify possible trend reversals for Walgreens Boots as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Walgreens Boots price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Walgreens Boots Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Walgreens Boots Alliance applied against its price change over selected period. The best fit line has a slop of   -0.06  , which may imply that the returns on investment in Walgreens Boots Alliance will continue to fail. It has 122 observation points and a regression sum of squares at 152.55, which is the sum of squared deviations for the predicted Walgreens Boots price change compared to its average price change.

About Walgreens Boots Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Walgreens Boots Alliance on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Walgreens Boots Alliance based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Walgreens Boots Alliance stock first instead of the macroeconomic environment surrounding Walgreens Boots Alliance. By analyzing Walgreens Boots's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Walgreens Boots's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Walgreens Boots specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2019 2020 2021 2022 (projected)
Long Term Debt to Equity0.590.330.290.34
Interest Coverage1.523.854.424.54

Walgreens Boots June 29, 2022 Technical Indicators

Most technical analysis of Walgreens help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Walgreens from various momentum indicators to cycle indicators. When you analyze Walgreens charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Walgreens Boots June 29, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Walgreens stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Check out Your Current Watchlist. Note that the Walgreens Boots Alliance information on this page should be used as a complementary analysis to other Walgreens Boots' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

Complementary Tools for Walgreens Stock analysis

When running Walgreens Boots Alliance price analysis, check to measure Walgreens Boots' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Walgreens Boots is operating at the current time. Most of Walgreens Boots' value examination focuses on studying past and present price action to predict the probability of Walgreens Boots' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Walgreens Boots' price. Additionally, you may evaluate how the addition of Walgreens Boots to your portfolios can decrease your overall portfolio volatility.
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Is Walgreens Boots' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Walgreens Boots. If investors know Walgreens will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Walgreens Boots listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.14
Market Capitalization
36.4 B
Quarterly Revenue Growth YOY
0.03
Return On Assets
0.029
Return On Equity
0.21
The market value of Walgreens Boots Alliance is measured differently than its book value, which is the value of Walgreens that is recorded on the company's balance sheet. Investors also form their own opinion of Walgreens Boots' value that differs from its market value or its book value, called intrinsic value, which is Walgreens Boots' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Walgreens Boots' market value can be influenced by many factors that don't directly affect Walgreens Boots' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Walgreens Boots' value and its price as these two are different measures arrived at by different means. Investors typically determine Walgreens Boots value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Walgreens Boots' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.