WALMART INC (WMT) Stock Technical Analysis
NYSE:WMT - New York Stock Exchange, Inc. - US9311421039 - Common Stock - Currency: USD
Taking everything into account, WMT scores 4 out of 10 in our technical rating. WMT was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month WMT has a been trading in the 93.43 - 99.35 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that WMT is one of the better performing stocks in the market, outperforming 76% of all stocks. We also observe that the gains produced by WMT over the past year are nicely spread over this period.
WMT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WMT is lagging the market slightly.
WMT has an average volume of 17417000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
WMT is part of the Consumer Staples Distribution & Retail industry. There are 40 other stocks in this industry, WMT did better than 64% of them.
WMT has an average technical rating and the quality of the presented setup is also not ideal 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.
More info and screens
80.58
99.60
We found 3 important support areas.
- Support @90.67 from a trend line in the weekly time frame.
- A support zone ranging from 83.17 to 84.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 81.39 to 81.79. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 95.70 to 98.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 WMT is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WMT is down. |
| ChartMill Relative Strength | 76.5 | POSITIVE | WMT has a high relative strength, it outperformed 76.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WMT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WMT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WMT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.84 | NEUTRAL | The RSI value for WMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests WMT has a negative trend. |
| Stochastics (14,3) | 19.25 | OVERSOLD | The low Stochastics value suggests WMT may be oversold. |
| Average True Range in percent/ATR (20) | 1.73 | LOW VOLATILITY | The low ATR as a percentage value for WMT suggests low volalility. |
| Average Directional Index/ADX (14) | 12.63 | NEGATIVE | The low ADX value for WMT suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
94.4
-0.46 (-0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg-0.48%
1 Week-4.03%
2 Weeks-1.69%
1 Month-1.46%
3 Month1.72%
6 Month1.51%
12 Month36.34%
2 Year77.16%
3 Year114.46%
5 Year118.86%
10 Year293.44%
15 Year453.23%
Volatility
ATR(14)1.68
ATR(20)%1.73%
ATR Inc3.88%
Range Today1.3
ADR(20)1.59
ADR(20)%1.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.5
Mansfield-0.1
10 Day High99.35
10 Day Low94.23
20 Day High99.35
20 Day Low93.43
52 Week High105.3
52 Week Low66.67
CS1 End90.67
CR1 Start95.7
Volume & EV
DER(3)-2.3%
DER(5)-1.53%
Volume14.60M
Volume Incr-8.15%
Vol(5)15.40M
Vol(50)17.42M