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<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>WBA stock price fell 12% in the last week.</a> </li> 
 <li> <span>2</span> <a>Walgreens Boots Alliance Inc. may soon announce a new CEO</a> </li> 
 <li> <span>3</span> <a>WBA stock a boost of good news to halt the free fall in the share price.&nbsp;</a> </li> 
</ul> 
<p>Walgreens Boots Alliance Inc. (WBA) stock has been in a free fall since the resignation of the CEO Rosalind Brewer. However, the company has been in a declining trend since 2015. The two and half years of her service could not halt the decline and the stock continued to fall; losing a quarter.&nbsp;</p> 
<p>The company is set to release its quarterly earnings on 12 October 2023. The WBA Company is expected to report an EPS of $0.69, 13.75% less than the prior-year quarter. Meanwhile, the revenue is expected to grow 6.67% since the last year.&nbsp;</p> 
<p>The recent revision of the daily chart tends to reflect the evolving nature of the short-term bearish trend which might dominate the WBA stock price till the price nears a round level of $20. The stock needs strong support from buyers to counter the bears’ dominance.<br><br>The analysts offering a 1-year price forecast for Walgreens Boots Alliance Inc. have a maximum estimate of $41 with a potential of 86.45% upside and a minimum estimate of $26 having a potential of 18% from the CMP. WBA Company engages in healthcare services and the provision of retail pharmacy.</p> 
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  <img decoding="async" loading="lazy" width="1024" height="474" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-278-1024x474.png" alt="WBA Stock Slumped 12% Last Week: Can it Recover This Week?" class="wp-image-166924" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-278-1024x474.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-278-300x139.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-278-768x355.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-278-750x347.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-278-1140x528.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-278.png 1452w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    &nbsp;&nbsp;Source: barchart.com 
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<p><a href="https://www.thecoinrepublic.com/2023/09/04/wba-stock-crashes-amid-walgreens-ceo-rosalind-brewer-steps-down/" rel="noopener noreferrer nofollow">WBA stock</a> option-chain analysis states that the current implied volatility in the market is 32.39% with a decrement of 1.33% in the last trading session. The recent support of $21.5 has an OI of 44 open contracts on the CALL side and 1105 open contracts on the PUT side indicating that the buyers are in dominance at the recent support and may try to halt the momentum of decline.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-wba-stock-price-in-a-free-fall-over-the-daily-chart-strong"><strong>WBA Stock Price in a Free Fall Over the Daily Chart</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="478" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-279-1024x478.png" alt="WBA Stock Slumped 12% Last Week: Can it Recover This Week?" class="wp-image-166925" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-279-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-279-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-279-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-279-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-279-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-279-1140x532.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-279.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Walgreens Boots Alliance Inc. 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The WBA stock price currently trades at $21.99 in a free fall since the resignation of the CEO. The WBA stock price needs some positive news to bounce back and turn the table. The company may soon announce a new CEO which can take the share price upwards if the company makes the right choice.</p> 
<p>The price prediction of the stock price shows that it has some more space to decline until it reaches $20. The buyers might make an attempt to take over from the round level of $20. The sentiments are bearish which is dragging the price down continuously.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-technical-indicators-show-stock-is-in-an-oversold-region-strong"><strong>Technical Indicators Show Stock is in an Oversold Region</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="478" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-280-1024x478.png" alt="Source: Walgreens Boots Alliance Inc. 1D. NYSE By TradingView" class="wp-image-166926" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-280-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-280-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-280-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-280-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-280-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-280-1140x532.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-280.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Walgreens Boots Alliance Inc. 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The daily <a href="https://www.thecoinrepublic.com/2023/09/04/wba-stock-crashes-amid-walgreens-ceo-rosalind-brewer-steps-down/" target="_blank" rel="noopener noreferrer nofollow">WBA stock price</a> chart shows that the price slid below to suffer multiple resistance from the 50 EMA showing the dominance of sellers on the price chart. According to RSI, the stock has entered an oversold region which might trigger some upward movement for correction.&nbsp;&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Walgreens Boots Alliance (WBA) stock is a healthcare and pharmacy company that has been losing value since 2015. The resignation of the CEO Rosalind Brewer worsened the situation and the stock price fell to $21.99. The company will report its quarterly earnings on 12 October 2023, which is expected to be lower than the previous year. The stock price may decline further until it reaches $20, where buyers may try to reverse the trend. The company needs a new CEO and some positive news to recover from the bearish trend.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> $20.31 and $18.10.</li> 
 <li><strong>Resistance levels:</strong> $26.65 and $29.50.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

WBA Stock Slumped 12% Last Week: Can it Recover This Week?

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