WALMART INC. - Daily - Technical analysis published on 10/03/2019 (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:
Neutral
De fond:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 114.98 USD
My targets
117.43 USD (+1.50%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on WALMART INC.. As long as you are above the support located at 114.98 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 117.43 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. If the support 114.98 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
2.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WALMART INC. price is 115.70 USD. The price is lower by -0.36% since the last closing and was traded between 114.58 USD and 116.17 USD over the period. The price is currently at +0.98% from its lowest and -0.40% from its highest.114.58
116.17
115.70
A study of price movements over other periods shows the following variations:
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 Daily of this WALMART INC. chart shows a bullish trend. The signals given by moving averages are 75% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, only 7 technical indicators out of 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 102.31 | 105.56 | 114.98 | 115.70 | 117.43 |
| Change (%) | -11.57% | -8.76% | -0.62% | - | +1.50% |
| Change | -13.39 | -10.14 | -0.72 | - | +1.73 |
| Level | Major | Major | Major | - | 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 | 113.36 | 114.49 | 115.30 | 116.43 | 117.24 | 118.37 | 119.18 |
| Camarilla | 115.59 | 115.76 | 115.94 | 116.12 | 116.30 | 116.48 | 116.65 |
| Woodie | 113.21 | 114.41 | 115.15 | 116.35 | 117.09 | 118.29 | 119.03 |
| Fibonacci | 114.49 | 115.23 | 115.69 | 116.43 | 117.17 | 117.63 | 118.37 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 113.42 | 114.99 | 116.72 | 118.29 | 120.02 | 121.59 | 123.32 |
| Camarilla | 117.54 | 117.85 | 118.15 | 118.45 | 118.75 | 119.06 | 119.36 |
| Woodie | 113.50 | 115.03 | 116.80 | 118.33 | 120.10 | 121.63 | 123.40 |
| Fibonacci | 114.99 | 116.25 | 117.03 | 118.29 | 119.55 | 120.33 | 121.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 108.46 | 110.97 | 114.83 | 117.34 | 121.20 | 123.71 | 127.57 |
| Camarilla | 116.93 | 117.51 | 118.10 | 118.68 | 119.26 | 119.85 | 120.43 |
| Woodie | 109.13 | 111.31 | 115.50 | 117.68 | 121.87 | 124.05 | 128.24 |
| Fibonacci | 110.97 | 113.41 | 114.91 | 117.34 | 119.78 | 121.28 | 123.71 |
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): | 47.66 | |
| MACD (12,26,9): | 1.0100 | |
| Directional Movement: | -2.82 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 118.15 | |
| Parabolic SAR (0,02-0,02-0,2): | 119.65 | |
| Elder Ray (13): | -1.72 | |
| Super Trend (3,10): | 114.58 | |
| Zig ZAG (10): | 115.72 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 32.41 | |
| TEMA (21): | 117.95 | |
| Williams %R (14): | -76.70 | |
| Chande Momentum Oscillator (20): | -0.64 | |
| Repulse (5,40,3): | -1.2300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 1.90 |
| MA7: | 117.66 | |
| MA20: | 117.02 | |
| MA50: | 113.35 | |
| MA100: | 110.49 | |
| MAexp7: | 117.10 | |
| MAexp20: | 116.60 | |
| MAexp50: | 114.22 | |
| MAexp100: | 110.76 | |
| Price / MA7: | -1.67% | |
| Price / MA20: | -1.13% | |
| Price / MA50: | +2.07% | |
| Price / MA100: | +4.72% | |
| Price / MAexp7: | -1.20% | |
| Price / MAexp20: | -0.77% | |
| Price / MAexp50: | +1.30% | |
| Price / MAexp100: | +4.46% |
News
The latest news and videos published on WALMART INC. at the time of the analysis were as follows:
- Walmart Statement on the Sale of Ranitidine Products
-
US Senators Ask Big Companies Like Walmart To Stop Selling Tobacco Products
- The Walmart Foundation invests nearly $4 Million in programs to help end hunger in Texas
-
Walmart To End Sale Of Vaping Products
-
Walmart to stop sales of e-cigarettes in U.S. stores: company memo
This member declared not having a position on this financial instrument or a related financial instrument.
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