Walgreens Boots Alliance (WBA): A.I.dvisor Forecasts Downtrend Continuation with Bearish Signals
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Walgreens Boots Alliance (WBA) as we delve into its current market outlook. According to the analysis conducted by A.I.dvisor, WBA has entered a bearish trend, suggesting a potential downtrend continuation. In this blog post, we will explore the key indicators driving this prediction and examine historical data and statistical probabilities provided by A.I.dvisor, indicating a significant chance of further downward movement in WBA's price.
Before we proceed, let's gain a clear understanding of a bearish trend. A bearish trend refers to a prolonged period of declining prices in a particular stock or market. It is characterized by a series of lower highs and lower lows, indicating a prevailing negative sentiment and potential selling pressure among investors.
Continuation of WBA's Downtrend: Walgreens Boots Alliance (WBA) currently finds itself in a projected downtrend, as indicated by A.I.dvisor's analysis. The forecast suggests that WBA may experience a decline of approximately 4%, potentially reaching a price of $29.94 or even lower within the next month. This forecast underscores the prevailing negative sentiment surrounding the stock and indicates a likelihood of the downtrend continuing.
To provide further context and statistical support, A.I.dvisor has examined historical scenarios with similar downtrend patterns in WBA. The analysis reveals that in these past instances, the stock tended to trend downward throughout the month. Based on the identified cases, the odds of a downtrend continuation are calculated to be 73%. This statistical insight lends weight to the probability of WBA's downtrend persisting.
As Walgreens Boots Alliance (WBA) enters a bearish phase, it is crucial for investors to exercise caution. While the analysis by A.I.dvisor and historical probabilities indicate a high chance of a downtrend continuation, it is important to consider other factors that may impact WBA's performance. Market conditions, industry-specific dynamics, and company-specific developments can all influence stock prices. Conducting thorough research and seeking guidance from financial advisors is strongly advised before making any investment decisions.
Walgreens Boots Alliance (WBA) is currently positioned in a bearish trend, signaling a projected downtrend continuation. A.I.dvisor's analysis predicts a decline in WBA's price within the next month, with statistical probabilities suggesting a 73% chance of a downtrend continuation. Investors are advised to exercise caution and conduct their own research to evaluate the broader market landscape, industry dynamics, and risk tolerance before making any investment decisions.
WBA's Stochastic Oscillator is staying in overbought zone for 3 days
The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day moving average for WBA crossed bearishly below the 50-day moving average on May 03, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where WBA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for WBA entered a downward trend on June 07, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where WBA's RSI Indicator exited the oversold zone, of 35 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on June 06, 2023. You may want to consider a long position or call options on WBA as a result. In of 90 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for WBA just turned positive on June 01, 2023. Looking at past instances where WBA's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where WBA advanced for three days, in of 314 cases, the price rose further within the following month. The odds of a continued upward trend are .
WBA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.297) is normal, around the industry mean (10.689). P/E Ratio (7.485) is within average values for comparable stocks, (140.938). WBA has a moderately high Dividend Yield (0.060) as compared to the industry average of (0.030). P/S Ratio (0.207) is also within normal values, averaging (0.953).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. WBA’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. WBA’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 94, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of drug store services
Industry DrugstoreChains
WBA and
Correlation & Price change
A.I.dvisor indicates that over the last year, WBA has been loosely correlated with RAD. These tickers have moved in lockstep 49% of the time. This A.I.-generated data suggests there is some statistical probability that if WBA jumps, then RAD could also see price increases.
| Ticker / NAME | Correlation To WBA | 1D Price Change % | ||
|---|---|---|---|---|
| WBA | 100% | -1.35% | ||
| RAD - WBA | 49% Loosely correlated | -2.93% | ||
| PETS - WBA | 36% Loosely correlated | -1.71% | ||
| HITI - WBA | 25% Poorly correlated | -0.79% | ||
| MDVL - WBA | 23% Poorly correlated | -14.90% | ||
| LFMD - WBA | 22% Poorly correlated | +4.18% | ||
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