Taking everything into account, WMT scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WMT is showing a nice and steady performance.
Besides having an excellent technical rating, WMT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
94.92
We found 3 important support areas.
- Support @105.38 from a trend line in the weekly time frame.
- A support zone ranging from 99.09 to 103.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @95.88 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 115.11 to 116.79. 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 | UP | POSITIVE | The short term trend for WMT is up. |
| ChartMill Relative Strength | 82.06 | POSITIVE | WMT has a high relative strength, it outperformed 82.06% 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) | 59.86 | NEUTRAL | The RSI value for WMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests WMT has a negative trend. |
| Stochastics (14,3) | 65.16 | NEUTRAL | The Stochastics value for WMT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for WMT suggests low volalility. |
| Average Directional Index/ADX (14) | 27.33 | POSITIVE | The high ADX value value for WMT suggests a strong trend. |
114.36
-0.47 (-0.41%)
WALMART INC / WMT FAQ
What is the technical rating for WMT stock?
ChartMill assigns a technical rating of 10 / 10 to WMT.
What is the trend direction for WMT stock?
The current trend direction for WALMART INC (WMT) is Bullish.
What is the RSI signal for WMT stock?
WALMART INC (WMT) has an RSI value of 59.8568. This indicates that the stock is currently neutral.
What is the short term momentum for WMT stock?
The short term momentum for WALMART INC (WMT) is positive.
What is the support and resistance level for WMT stock?
WALMART INC (WMT) has a support level at 105.38 and a resistance level at 115.11. Check the full technical report for our detailed analysis of WMT support and resistance levels.