WALMART INC (WMT)

US9311421039 - Common Stock

60.42  -0.3 (-0.49%)

Technical Rating and Analysis

10

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.

The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, WMT did better than 79% of all other stocks. On top of that, WMT also shows a nice and consistent pattern of rising prices.
WMT is one of the better performing stocks in the Consumer Staples Distribution & Retail industry, it outperforms 80% of 41 stocks in the same industry.
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.
WMT has an average volume of 12465600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month WMT has a been trading in a tight range between 58.20 and 61.66.
Weekly and Daily overview Charts
WMT Weekly chart
WMT Daily chart
Setup Rating and Analysis

7

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. There is a support zone below the current price at 60.71, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

50.65

62.07

We found 3 important support areas.

  • A support zone ranging from 57.86 to 58.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 52.54 to 52.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @51.16 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 60.46 to 61.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.83
Mansfield-0.17
10 Day High61.66
10 Day Low60.23
20 Day High61.66
20 Day Low58.2
52 Week High61.66
52 Week Low48.34
Performance
1 Week-0.87%
2 Weeks-0.91%
1 Month1.85%
3 Month15.55%
6 Month13.9%
12 Month23.54%
2 Year22.32%
3 Year34.11%
5 Year86.77%
10 Year138.34%
15 Year249.64%
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)
Technical Indicators
MACD(12,26,9)-0.21
RSI(14)60.44
LBB60.15
UBB61.6
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
60.8960.450.44 (0.72%)25.00%
An entry @60.89. This is a Buy Stop order right above the 10 day moving average.An exit @60.45. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 0.44 points, which is 0.72%.For a 0.18% 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.
WMT Daily chart

WALMART INC

NYSE:WMT (3/28/2024, 10:35:07 AM)

60.42

-0.3 (-0.49%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg-0.49%
1 Week-0.87%
2 Weeks-0.91%
1 Month1.85%
3 Month15.55%
6 Month13.9%
12 Month23.54%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.66
ATR(20)%1.17%
ATR Inc
Range Today0.4
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High61.66
10 Day Low60.23
20 Day High61.66
20 Day Low58.2
52 Week High61.66
52 Week Low48.34
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.80M
Volume Incr-25.7%
Vol(5)14.12M
Vol(50)12.47M