Walgreens stock price forecast technical charts for Walgreens stock

Technical charts for Walgreens stock price forecast show strong support near $20.00, with an upside breakout possible if volume surges above the 50-day moving average, signaling institutional buying interest. The company reported adjusted third-quarter earnings of 63 cents a share, down 37% from the year-earlier quarter and short of FactSet’s consensus analyst forecast for 68 cents a share. The company reported a net loss of $2.85 billion, or $3.30 per share, for the fiscal second quarter. It compares with a net loss of $5.91 billion, or $6.85 per share, in the year-earlier period. Walgreens stock price forecast in technical analysis points to a symmetrical triangle pattern, often preceding breakout moves toward resistance at $24.