WALMART INC (WMT) Stock Technical Analysis
USA - NYSE:WMT - US9311421039 - Common Stock
102.07 USD
+0.37 (+0.36%)
102.04 USD
-0.03 (-0.03%)
We assign a technical rating of 7 out of 10 to WMT. 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.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that WMT is one of the better performing stocks in the market, outperforming 75% of all stocks.
WMT is one of the better performing stocks in the Consumer Staples Distribution & Retail industry, it outperforms 76% of 39 stocks in the same industry.
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 is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
WMT has an average volume of 16743800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
WMT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 102.57. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 100.80, a Stop Loss order could be placed below this zone.
More info and screens
93.31
106.10
We found 2 important support areas.
- A support zone ranging from 98.61 to 100.80. 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 96.50. 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 102.57 to 105.05. 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 | NEUTRAL | NEUTRAL | The short term trend for WMT is neutral. |
| ChartMill Relative Strength | 75.68 | POSITIVE | WMT has a high relative strength, it outperformed 75.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WMT is below 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) | 51.61 | NEUTRAL | The RSI value for WMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests WMT has a negative trend. |
| Stochastics (14,3) | 29.98 | NEUTRAL | The Stochastics value for WMT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.58 | LOW VOLATILITY | The low ATR as a percentage value for WMT suggests low volalility. |
| Average Directional Index/ADX (14) | 17.68 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 102.63 | 99.86 | 2.77 (2.69%) | 25.00% |
| An entry @102.63. This is a Buy Stop order right above the 10 day moving average. | An exit @99.86. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.77 points, which is 2.69%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.67%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
102.07
+0.37 (+0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg0.36%
1 Week-1.06%
2 Weeks-0.25%
1 Month1.55%
3 Month3.77%
6 Month22.7%
12 Month26.11%
2 Year87.39%
3 Year115.14%
5 Year120.69%
10 Year434.96%
15 Year465.28%
Volatility
ATR(14)1.62
ATR(20)%1.58%
ATR Inc29.51%
Range Today1.62
ADR(20)1.58
ADR(20)%1.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.68
Mansfield-0.31
10 Day High103.94
10 Day Low99.87
20 Day High106.11
20 Day Low99.87
52 Week High106.11
52 Week Low78.98
CS1 End100.8
CR1 Start102.57
Volume & EV
DER(3)0.8%
DER(5)1.22%
Volume11.86M
Volume Incr-6.83%
Vol(5)14.59M
Vol(50)16.74M