WALMART INC (NYSE:WMT) - A Strong Technical Setup for Breakout Investors

WALMART INC (NYSE:WMT) has been identified as a strong technical breakout candidate by our screening process. The stock combines high technical strength with a favorable consolidation pattern, making it worth a closer look for traders focused on momentum and breakout strategies.

Technical Strength

WMT currently holds a perfect Technical Rating of 10, reflecting its robust price trends and relative strength. Key points from the technical report include:

• Long-term uptrend intact: The stock remains in a positive long-term trend despite short-term neutrality.
• Strong relative performance: Over the past year, WMT has outperformed 91% of stocks, with consistent gains.
• Industry leadership: It ranks among the top 20% of stocks in the Consumer Staples Distribution & Retail sector.
• Bull flag pattern: The recent pullback after a strong rally suggests a potential continuation of upward momentum.

Setup Quality

With a Setup Rating of 8, WMT presents a well-defined consolidation pattern:

• Support zones in place: Key support levels are found at $95.88 and $87.26, providing clear stop-loss areas.
• Reduced volatility: Recent price action shows tightening consolidation, often preceding a breakout.
• Resistance near current price: A breakout above $98.62 could signal further upside, with resistance zones at $96.87-$98.61 and $104.04-$105.05.

Trading Considerations

• Entry/Exit levels: A potential entry above $98.62 (breakout level) with a stop-loss below $95.87 limits risk to ~2.8%.
• Volume and liquidity: Average daily volume of 22.3 million shares ensures smooth trade execution.

For more breakout opportunities, explore our Technical Breakout Setups screener, updated daily.

Disclaimer

This is not investment advice. Always conduct your own analysis and consider risk management before trading.