WMT Technical Analysis - WALMART INC

Technical Rating and Analysis

Taking everything into account, WMT scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, WMT has proven to be a steady performer, scoring decent points in every aspect analyzed.

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

Looking at the yearly performance, WMT did better than 77% of all other stocks.

WMT is part of the Consumer Staples Distribution & Retail industry. There are 40 other stocks in this industry. WMT outperforms 71% of them.

WMT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month WMT has a been trading in the 95.42 - 103.97 range, which is quite wide. It is currently trading near the high of this range.

WMT has an average volume of 15888600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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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

Although WMT has an excellent technical rating, the quality of the presented setup is 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

93.31

106.10

When analyzing the support we can see 2 important areas.

A support zone ranging from 97.83 to 100.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 94.25 to 95.88. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 104.04 to 105.05. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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 WMT is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for WMT is up.
ChartMill Relative Strength	77.65	POSITIVE	WMT has a high relative strength, it outperformed 77.65% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of WMT is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of WMT is above the rising 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)	63.06	NEUTRAL	The RSI value for WMT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.48	POSITIVE	The MACD value suggests WMT has a positive trend.
Stochastics (14,3)	87.74	OVERBOUGHT	The high Stochastics value suggests WMT may be overbought.
Average True Range in percent/ATR (20)	1.7	LOW VOLATILITY	The low ATR as a percentage value for WMT suggests low volalility.
Average Directional Index/ADX (14)	22.42	NEUTRAL	The ADX value for WMT suggests a possible start of a new trend.