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WALMART INC.
WALMART INC.
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: WMT
ISIN:

WALMART INC. - Weekly - Technical analysis published on 09/17/2019 (GMT)

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  • Timeframe : Weekly
  • - 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
67%
6%
28%
My opinion
Bullish above 114.98 USD
My targets
118.15 USD (+2.23%)
122.03 USD (+5.59%)
My analysis
WALMART INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 114.98 USD. The next resistance located at 118.15 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 122.03 USD. After this resistance, buyers could then target 128.69 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8

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.

emerick
This analysis was given by emerick. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Daily

Additional analysis

Quotes

The WALMART INC. rating is 115.57 USD. The price registered a decrease of -0.41% over 5 days with the lowest point at 115.38 USD and the highest point at 118.19 USD. The deviation from the price is +0.16% for the low point and -2.22% for the high point.

115.38
117.17
115.57

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


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



Technical


A technical analysis in Weekly of this WALMART INC. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% 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.

In fact, 12 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

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

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : Weekly



For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Three white soldiers

Type : Bullish

Timeframe : Weekly




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 90.47 105.56 114.98 115.57
Change (%) -21.72% -8.66% -0.51% -
Change -25.10 -10.01 -0.59 -
Level Minor Major Major -



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard115.62116.28116.86117.52118.10118.76119.34
Camarilla117.09117.20117.32117.43117.54117.66117.77
Woodie115.57116.26116.81117.50118.05118.74119.29
Fibonacci116.28116.76117.05117.52118.00118.29118.76


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard111.37112.88115.16116.67118.95120.46122.74
Camarilla116.39116.74117.08117.43117.78118.13118.47
Woodie111.75113.07115.54116.86119.33120.65123.12
Fibonacci112.88114.33115.23116.67118.12119.02120.46


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard97.07100.95107.61111.49118.15122.03128.69
Camarilla111.36112.33113.29114.26115.23116.19117.16
Woodie98.45101.65108.99112.19119.53122.73130.07
Fibonacci100.95104.98107.47111.49115.52118.01122.03

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 63.85
MACD (12,26,9): 4.2400
Directional Movement: 16.12
AROON (14): 28.57
DEMA (21): 115.40
Parabolic SAR (0,02-0,02-0,2): 107.00
Elder Ray (13): 4.25
Super Trend (3,10): 104.43
Zig ZAG (10): 115.57
VORTEX (21): 1.1900
Stochastique (14,3,5): 85.25
TEMA (21): 116.48
Williams %R (14): -19.63
Chande Momentum Oscillator (20): 5.62
Repulse (5,40,3): 1.1200
ROCnROLL: 1
TRIX (15,9): 0.5800
Courbe Coppock: 16.27
MA7: 116.15
MA20: 114.26
MA50: 112.20
MA100: 108.29
MAexp7: 114.05
MAexp20: 109.82
MAexp50: 102.87
MAexp100: 95.38
Price / MA7: -0.50%
Price / MA20: +1.15%
Price / MA50: +3.00%
Price / MA100: +6.72%
Price / MAexp7: +1.33%
Price / MAexp20: +5.24%
Price / MAexp50: +12.35%
Price / MAexp100: +21.17%

News


The last news published on WALMART INC. at the time of the generation of this analysis was as follows:

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

About author

Londinia
Londinia AI

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