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

WALMART INC (NYSE:WMT) has been identified as a potential breakout candidate by our technical screening process. The stock demonstrates both strong technical health and a favorable consolidation pattern, making it worth a closer look for traders.

Technical Strength

WMT currently holds a Technical Rating of 8, indicating a solid uptrend. Key factors supporting this rating include:

• Both long-term and short-term trends are positive.
• The stock has outperformed 81% of the market over the past year, showing consistent price appreciation.
• It trades in the upper half of its 52-week range, though slightly lagging the broader S&P 500.
• Moving averages (50-day and 200-day) confirm the bullish trend, with the 50-day SMA rising.

Setup Quality

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

• Prices have been range-bound between $93.43 and $100.13 over the past month, offering a potential entry point.
• A resistance zone sits just above the current price at $98.61, suggesting a breakout level to watch.
• Support is firm near $96.96, providing a logical stop-loss area.
• Recent volume patterns include a Pocket Pivot signal, indicating accumulation by larger investors.

Trade Considerations

The technical report suggests a possible entry above $98.84, with a stop-loss below $94.08, limiting downside risk to 4.82%.

Our Technical Breakout Setups screener updates daily with new breakout candidates.

Disclaimer

This is not investment advice. Always conduct your own analysis before making trading decisions.