Overall WMT gets a technical rating of 10 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. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
94.92
We found 3 important support areas.
- A support zone ranging from 104.78 to 106.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 100.22 to 102.57. 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.
We found 1 important resistance area.
- A resistance zone ranging from 116.71 to 116.71. 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 | 83.29 | POSITIVE | WMT has a high relative strength, it outperformed 83.29% 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) | 69.52 | NEUTRAL | The RSI value for WMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.54 | POSITIVE | The MACD value suggests WMT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.79 | OVERBOUGHT | The high Stochastics value suggests WMT may be overbought. |
| Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for WMT suggests some volalility. |
| Average Directional Index/ADX (14) | 27.1 | 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 |
|---|---|---|---|
| 116.72 | 110.35 | 6.37 (5.46%) | 18.32% |
| An entry @116.72. This is a Buy Stop order right above the resistance zone. | An exit @110.35. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 6.37 points, which is 5.46%. | When investing 18.32% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
116.7
+1.18 (+1.02%)
WALMART INC / WMT FAQ
What is the technical rating for WMT stock?
ChartMill assigns a technical rating of 10 / 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 69.5214. 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 106.96 and a resistance level at 116.71. Check the full technical report for our detailed analysis of WMT support and resistance levels.