WALMART INC (WMT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WMT - US9311421039 - Common Stock
We assign a technical rating of 9 out of 10 to WMT. 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.
Although WMT has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
93.46
We found 2 important support areas.
- A support zone ranging from 98.61 to 104.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 94.40 to 95.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 109.11 to 109.11. 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 | UP | POSITIVE | The short term trend for WMT is up. |
| ChartMill Relative Strength | 81.74 | POSITIVE | WMT has a high relative strength, it outperformed 81.74% 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) | 64.02 | NEUTRAL | The RSI value for WMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.64 | POSITIVE | The MACD value suggests WMT has a positive trend. |
| Stochastics (14,3) | 79.63 | NEUTRAL | The Stochastics value for WMT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.04 | MEDIUM VOLATILITY | The ATR as a percentage value for WMT suggests some volalility. |
| Average Directional Index/ADX (14) | 18.96 | NEGATIVE | The low ADX value for WMT suggests a weak or negative trend. |
109.1
+2.1 (+1.96%)
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 64.0243. 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 104.26 and a resistance level at 109.11. Check the full technical report for our detailed analysis of WMT support and resistance levels.