American Stocks Analysis

Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.

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

Economies.com
2024-04-17 11:50AM UTC

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 

 

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