WALMART INC. - Walmart Inc. (symbol ‘WMT’) - 02/13/2024 (GMT)

Shares of Walmart Inc. (symbol ‘WMT’) managed to remain positive and rose by around 1% for the quarter. The company’s earnings report for the fiscal quarter ending January 2024 is expected to be released on Thursday 20th of February, before market open. The consensus EPS is $1.63 against $1.71 in the same quarter last year.

‘The world's largest employer managed to recover from the losses incurred in the previous quarters, starting its comeback over the holiday season and continued trading in a bullish trend until the day of this report being written. Also, Walmart's net income for the twelve months ending October 31, 2023 was $16.3 billion, an 81.69% increase year-over-year.  ‘ said Antreas Themistokleous, trading specialist at Exness. From the technical analysis perspective, the price has found some resistance on the upper band of the Bollinger bands and has been trading sideways ever since. The 50-day moving average is on the move to cross over the 100-day moving average but has yet to do so although it is highly anticipated in the near short term. The Stochastic oscillator has been recording extreme overbought levels for the last 2 months hinting that a correction to the downside might be seen in the coming sessions. If this becomes reality then the first level of possible support could potentially be found around the $167.50 price area which is an inside support level of price reaction since mid-November 2023.