- USD (-)
- 15 min delayed data - NYSE Stocks
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Type: Stocks
Ticker: WMT

WALMART INC. - Daily - Technical analysis published on 12/02/2021 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
My opinion
Bearish under 142.32 USD
My targets
130.01 USD (-5.50%)
127.53 USD (-7.30%)
My analysis
The bearish trend is currently very strong for WALMART INC.. As long as the price remains below the resistance at 142.32 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 130.01 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 127.53 USD as an objective. Crossing it would then enable sellers to target 109.55 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis


The WALMART INC. price is 137.58 USD. The price has increased by +0.32% since the last closing with the lowest point at 137.25 USD and the highest point at 138.44 USD. The deviation from the price is +0.24% for the low point and -0.62% for the high point.


The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly


A technical analysis in Daily of this WALMART INC. chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : Daily

The probability of a further decline is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines 127.53 130.01 135.54 137.58 139.47 142.32 146.52
Change (%) -7.30% -5.50% -1.48% - +1.37% +3.45% +6.50%
Change -10.05 -7.57 -2.04 - +1.89 +4.74 +8.94
Level Major Minor Major - Minor Intermediate Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Pivot points S3 S2 S1 PP R1 R2 R3

Pivot points S3 S2 S1 PP R1 R2 R3

Pivot points S3 S2 S1 PP R1 R2 R3

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 31.46
MACD (12,26,9): -1.6900
Directional Movement: -22.84
AROON (14): -85.72
DEMA (21): 142.00
Parabolic SAR (0,02-0,02-0,2): 147.30
Elder Ray (13): -4.78
Super Trend (3,10): 145.13
Zig ZAG (10): 137.53
VORTEX (21): 0.7400
Stochastique (14,3,5): 3.98
TEMA (21): 140.08
Williams %R (14): -95.61
Chande Momentum Oscillator (20): -9.30
Repulse (5,40,3): -3.6800
TRIX (15,9): -0.0500
Courbe Coppock: 9.49
MA7: 142.17
MA20: 145.14
MA50: 143.93
MA100: 144.67
MAexp7: 140.86
MAexp20: 143.65
MAexp50: 144.46
MAexp100: 143.92
Price / MA7: -3.23%
Price / MA20: -5.21%
Price / MA50: -4.41%
Price / MA100: -4.90%
Price / MAexp7: -2.33%
Price / MAexp20: -4.23%
Price / MAexp50: -4.76%
Price / MAexp100: -4.41%

Quotes : - 15 min delayed data - NYSE Stocks


Don't forget to follow the news on WALMART INC.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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