WALMART INC. - Daily - Technical analysis published on 08/22/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 108.52 USD
My targets
114.98 USD (+2.64%)
My analysis
The bullish trend is currently very strong on WALMART INC.. As long as the price remains above the support at 108.52 USD, you could try to benefit from the boom. The first bullish objective is located at 114.98 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WALMART INC. rating is 112.02 USD. The price registered a decrease of -0.03% on the session with the lowest point at 111.88 USD and the highest point at 114.07 USD. The deviation from the price is +0.13% for the low point and -1.80% for the high point.111.88
114.07
112.02
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of WALMART INC. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 102.24 | 105.56 | 108.52 | 112.02 | 114.98 |
| Change (%) | -8.73% | -5.77% | -3.12% | - | +2.64% |
| Change | -9.78 | -6.46 | -3.50 | - | +2.96 |
| Level | Intermediate | Major | Intermediate | - | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 109.33 | 110.67 | 111.36 | 112.70 | 113.39 | 114.73 | 115.42 |
| Camarilla | 111.49 | 111.68 | 111.86 | 112.05 | 112.24 | 112.42 | 112.61 |
| Woodie | 109.01 | 110.51 | 111.04 | 112.54 | 113.07 | 114.57 | 115.10 |
| Fibonacci | 110.67 | 111.45 | 111.93 | 112.70 | 113.48 | 113.96 | 114.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 96.82 | 100.83 | 106.91 | 110.92 | 117.00 | 121.01 | 127.09 |
| Camarilla | 110.22 | 111.14 | 112.07 | 112.99 | 113.92 | 114.84 | 115.77 |
| Woodie | 97.86 | 101.35 | 107.95 | 111.44 | 118.04 | 121.53 | 128.13 |
| Fibonacci | 100.83 | 104.68 | 107.07 | 110.92 | 114.77 | 117.16 | 121.01 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 101.82 | 105.45 | 107.65 | 111.29 | 113.48 | 117.12 | 119.31 |
| Camarilla | 108.24 | 108.77 | 109.31 | 109.84 | 110.37 | 110.91 | 111.44 |
| Woodie | 101.09 | 105.09 | 106.92 | 110.92 | 112.76 | 116.76 | 118.59 |
| Fibonacci | 105.45 | 107.68 | 109.06 | 111.29 | 113.51 | 114.89 | 117.12 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 55.69 | |
| MACD (12,26,9): | 0.3900 | |
| Directional Movement: | 5.05 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 110.59 | |
| Parabolic SAR (0,02-0,02-0,2): | 106.16 | |
| Elder Ray (13): | 2.48 | |
| Super Trend (3,10): | 106.43 | |
| Zig ZAG (10): | 112.02 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 77.17 | |
| TEMA (21): | 110.61 | |
| Williams %R (14): | -28.84 | |
| Chande Momentum Oscillator (20): | 6.72 | |
| Repulse (5,40,3): | -4.1900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 2.19 |
| MA7: | 111.02 | |
| MA20: | 109.64 | |
| MA50: | 110.58 | |
| MA100: | 105.74 | |
| MAexp7: | 111.26 | |
| MAexp20: | 110.28 | |
| MAexp50: | 109.20 | |
| MAexp100: | 106.39 | |
| Price / MA7: | +0.90% | |
| Price / MA20: | +2.17% | |
| Price / MA50: | +1.30% | |
| Price / MA100: | +5.94% | |
| Price / MAexp7: | +0.68% | |
| Price / MAexp20: | +1.58% | |
| Price / MAexp50: | +2.58% | |
| Price / MAexp100: | +5.29% |
News
The last news published on WALMART INC. at the time of the generation of this analysis was as follows:
-
Target Squares Off With Walmart With New Grocery Line
-
Stocks see-saw as US-China trade and Walmart send stocks in both directions
-
Hero Walmart Employee: 'I'll Never Forget The Faces' Of Those Running Away | NBC News Now
-
Walmart Employee Hailed As A Hero For Saving Some 150 People During Rampage | NBC Nightly News
-
Over 15 Gunned Down In El Paso Walmart
This member declared not having a position on this financial instrument or a related financial instrument.
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