Overall WMT gets a technical rating of 9 out of 10. 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.
WMT has an excellent technical rating and 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. There is a support zone below the current price at 108.67, a Stop Loss order could be placed below this zone.
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94.92
3 important support areas can be observed.
- A support zone ranging from 105.98 to 108.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 99.13 to 103.26. 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 115.01 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 | 79.9 | POSITIVE | WMT has a high relative strength, it outperformed 79.9% 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) | 53.5 | NEUTRAL | The RSI value for WMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests WMT has a negative trend. |
| Stochastics (14,3) | 41.31 | NEUTRAL | The Stochastics value for WMT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for WMT suggests low volalility. |
| Average Directional Index/ADX (14) | 25.75 | POSITIVE | The high ADX value value for WMT suggests a strong trend. |
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 |
|---|---|---|---|
| 115.02 | 112.21 | 2.81 (2.44%) | 25.00% |
| An entry @115.02. This is a Buy Stop order right above the 10 day moving average. | An exit @112.21. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.81 points, which is 2.44%. | For a 0.61% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of WMT. Please evaluate whether better entry and exit points can be found.
- 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.
112.6
-1.76 (-1.54%)
WALMART INC / WMT FAQ
What is the technical rating for WMT stock?
ChartMill assigns a technical rating of 9 / 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 53.5. 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 108.67 and a resistance level at 115.01. Check the full technical report for our detailed analysis of WMT support and resistance levels.