WALMART INC (WMT) Stock Technical Analysis
USA - NYSE:WMT - US9311421039 - Common Stock
Overall WMT gets a technical rating of 4 out of 10. In the last year, WMT was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
WMT has an average technical rating and it also does not offer a high quality setup 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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93.31
2 important support areas can be observed.
- A support zone ranging from 98.45 to 98.61. This zone is formed by a combination of multiple trend lines 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 107.73 to 109.03. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The short term trend for WMT is down. |
| ChartMill Relative Strength | 69.45 | NEUTRAL | WMT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WMT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of WMT is below 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) | 39.24 | NEUTRAL | The RSI value for WMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.69 | NEGATIVE | The MACD value suggests WMT has a negative trend. |
| Stochastics (14,3) | 13.54 | OVERSOLD | The low Stochastics value suggests WMT may be oversold. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for WMT suggests some volalility. |
| Average Directional Index/ADX (14) | 17.58 | NEGATIVE | The low ADX value for WMT suggests a weak or negative trend. |
101.18
-1.05 (-1.03%)
WALMART INC / WMT FAQ
What is the technical rating for WMT stock?
ChartMill assigns a technical rating of 4 / 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 39.2387. 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 negative.
What is the support and resistance level for WMT stock?
WALMART INC (WMT) has a support level at 98.61 and a resistance level at 107.73. Check the full technical report for our detailed analysis of WMT support and resistance levels.