Currently, traders are closely monitoring shares of Walgreens Boots Alliance (WBA). Recently, we have spotted Span A below Span B. If this position sticks, traders might be looking for a bearish move lower.
Investors may be watching the ebb and flow of the current market environment and be wondering what the next few months have in store. They may be deciding whether now is a good time to sell off some first half winners or hold on for further gains. This can be one of the toughest decisions that an investor has to make. Just because a stock has been steadily heading higher for an extended period of time doesn’t necessarily mean that it will continue to do so. Building the confidence to make the tough portfolio decisions may take some time and a few good trades under the belt. New investors may be prone to get discouraged after a few sour trades in a row. Anyone who wants to succeed in the stock market knows that there is no substitute for research and hard work. Being able to bounce back and learn from mistakes may help the investor stay in the game and get back on the road to healthy profits.
When applying indicators for technical analysis, traders and investors might want to look at the ATR or Average True Range. The current 14-day ATR for Walgreens Boots Alliance (WBA) is currently sitting at 1.26. The ATR basically measures the volatility of a stock on a day-to-day basis. The average true range is typically based on 14 periods and may be calculated daily, weekly, monthly, or intraday. The ATR is not considered a directional indicator, but it may reflect the strength of a particular move.
Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. Presently, Walgreens Boots Alliance (WBA)’s Williams Percent Range or 14 day Williams %R is resting at -98.02. Values can range from 0 to -100. A reading between -80 to -100 may be typically viewed as strong oversold territory. A value between 0 to -20 would represent a strong overbought condition. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend.
Taking a peek at some Moving Averages, the 200-day is at 70.12, the 50-day is 62.46, and the 7-day is sitting at 54.23. The moving average is a popular tool among technical stock analysts. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. Moving averages can be very useful for identifying peaks and troughs. They may also be used to help the trader figure out proper support and resistance levels for the stock.
Traders may be leaning on technical stock analysis to help with investing decisions. Walgreens Boots Alliance (WBA) currently has a 14-day Commodity Channel Index (CCI) of -144.73. Despite the name, CCI can be used on other investment tools such as stocks. The CCI was designed to typically stay within the reading of -100 to +100. Traders may use the indicator to determine stock trends or to identify overbought/oversold conditions. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally.
Taking a look at other technical levels, the 3-day RSI stands at 17.24, the 7-day sits at 27.07 and the 14-day (most common) is at 28.64. The Relative Strength Index (RSI) is an often employed momentum oscillator that is used to measure the speed and change of stock price movements. When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market. This measurement is based on closing prices over a specific period of time. As a momentum oscillator, the RSI operates in a set range. This range falls on a scale between 0 and 100. If the RSI is closer to 100, this may indicate a period of stronger momentum. On the flip side, an RSI near 0 may signal weaker momentum. The RSI was originally created by J. Welles Wilder which was introduced in his 1978 book “New Concepts in Technical Trading Systems”.
Stock market investing can sometimes be a wild ride. High volatility stocks may seem to constantly going haywire. Finding a comfortable balance between stomach turning stocks and low volatility stable stocks may be the way to go. Building confidence in the stock portfolio may come with some trial and error for the individual investor. Many people will rely on others to actively manage their money, but there are always those who prefer to have a hand in every aspect of their hard earned cash. Staying on top of the markets may seem impossible sometimes. There is always something happening, and keeping the pulse on market movements may be quite a struggle. Applying the proper amount of time to dedicate for stock research might just be the difference between buying that next big winner or getting stuck with a big loser.