Walgreens price sharpens decline - Forecast today - 17-04-2024

Walgreens’ stock price (WBA) fell in the intraday levels amid the dominance of the main downward trend in the medium term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels.

Therefore we expect more losses for the stock, targeting the support of $15.20, provided it settles below the resistance of $19.70. 

Expected trading range: between the support of $15.20 and the resistance of $19.70. 

Trend forecast: Bearish