1WMT Technical Analysis - WALMART INC

Technical Rating and Analysis

Taking everything into account, 1WMT scores 6 out of 10 in our technical rating. Although 1WMT is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.

When comparing the yearly performance of all stocks, 1WMT is a bad performer in the overall market: 100% of all stocks are doing better.

1WMT is part of the Consumer Staples Distribution & Retail industry. There are 23 other stocks in this industry, of which 95% are performing better than 1WMT.

Warning: 1WMT has an average volume of 740 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are positive. This is a very positive sign.

In the last month 1WMT has a been trading in the 79.87 - 94.00 range, which is quite wide. It is currently trading near the high of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

1WMT has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

80.69

101.26

3 important support areas can be observed.

A support zone ranging from 85.82 to 88.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @83.86 from a trend line in the daily time frame.
A support zone ranging from 81.51 to 82.16. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 99.29 to 100.26. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for 1WMT.MI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for 1WMT.MI is up.
ChartMill Relative Strength	0	NEGATIVE	1WMT.MI has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of 1WMT.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of 1WMT.MI is above the rising SMA(50).
Relative Strength Index/RSI (14)	60.09	NEUTRAL	The RSI value for 1WMT.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.92	POSITIVE	The MACD value suggests 1WMT.MI has a positive trend.
Stochastics (14,3)	82.95	OVERBOUGHT	The high Stochastics value suggests 1WMT.MI may be overbought.
Average True Range in percent/ATR (20)	2.58	MEDIUM VOLATILITY	The ATR as a percentage value for 1WMT.MI suggests some volalility.
Average Directional Index/ADX (14)	19.2	NEGATIVE	The low ADX value for 1WMT.MI suggests a weak or negative trend.