walmart stock chart

3 Reasons For Walmart Stock to Go Up

We’re closely monitoring Walmart’s stock because we believe it’s currently undervalued and has potential for growth. Over the past few years, Amazon has significantly eaten into Walmart’s market share. Yet, Walmart’s introduction of an online shopping platform and its offer of free two-day shipping have begun to recapture some of its lost clientele. Another factor drawing our attention to Walmart is the decelerating economy. We anticipate that in a slower economy, consumers will increasingly turn to Walmart over other retailers. Furthermore, Walmart’s stock has experienced a corrective drop of 4.7% from its 52-week peak on November 14, following the release of an impressive Q3 report for fiscal 2020. The adjusted earnings per share at USD 1.16 and a comparable sales increase of 3.2% surpassed expectations. While its revenue of USD 127.99 billion fell short of forecasts, this was balanced by a 41% year-over-year surge in online sales and an upgraded outlook for the current fiscal year. Over the last week, Walmart’s stock saw a slight decline of 0.42%, in contrast to the S&P 500, which rose by 0.89% in the same timeframe.

Walmart Stock Support and Resistance

The emitter’s quotes are still in lateral movement. No single direction tendencies are observed. The emitter is testing key levels of support and resistance at 117.00 and 121.00, respectively. In the near future, correction of the company’s shares after a protracted growth can not be excluded. Indicators don’t give a clear signal: the price has crossed MA(50); MACD histogram is located near the zero line. Positions are to be opened from key levels. Comparing company’s multiplier with its competitors like Amazon stock, we can say that #WMT shares are undervalued.

Support levels: 117.00, 115.00, 111.00.
Resistance levels: 121.00, 125.00.

Pivot Classic Fibonacci Camarilla Woodie DM
S3 103.91 112.21 116.81 106.69 —
S2 112.21 115.38 117.57 111.88 —
S1 115.65 117.34 118.33 115.00 118.08
P 120.52 120.52 120.52 120.19 121.73
R1 123.96 123.69 119.85 123.30 126.39
R2 128.82 125.65 120.61 128.49 —
R3 137.13 128.82 121.37 131.61 —

WMT Trading Ideas

If the price consolidates above the resistance level of 121.00, one may consider buying the company’s stock. Potential profits should be locked in by orders at 124.00, 127.00, and 129.00. Stop-loss –118.00. If the price consolidates below the level of 117.00, #WMT may correct. The moving potential is aimed at the area of 112.00–110.00. Stop-loss – 120.00.
Implementation period: 3 days.

WMT 1 Day Moving Averages
Exponential Moving Average (5) 118.90 Sell
Simple Moving Average (5) 118.90 Sell
Exponential Moving Average (10) 119.07 Sell
Simple Moving Average (10) 119.10 Sell
Exponential Moving Average (20) 119.13 Sell
Simple Moving Average (20) 119.45 Sell
Exponential Moving Average (30) 118.97 Sell
Simple Moving Average (30) 119.07 Sell
Exponential Moving Average (50) 118.29 Buy
Simple Moving Average (50) 118.89 Sell
Exponential Moving Average (100) 115.72 Buy
Simple Moving Average (100) 115.89 Buy
Exponential Moving Average (200) 110.75 Buy
Simple Moving Average (200) 109.44 Buy
Ichimoku Cloud Base Line (9, 26, 52, 26) 121.11 Neutral
Volume Weighted Moving Average (20) 119.63 Sell
Hull Moving Average (9) 118.82 Sell

WMT 1 Day Oscillators
Relative Strength Index (14) 47.67 Neutral
Stochastic %K (14, 3, 3) 14.34 Neutral
Commodity Channel Index (20) −96.22 Neutral
Average Directional Index (14) 15.16 Neutral
Awesome Oscillator −0.29 Neutral
Momentum (10) −1.20 Sell
MACD Level (12, 26) 0.05 Sell
Stochastic RSI Fast (3, 3, 14, 14) 7.33 Neutral
Williams Percent Range (14) −87.91 Buy
Bull Bear Power −0.72 Buy
Ultimate Oscillator (7, 14, 28) 48.75 Neutral

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