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Walmart Technical Analysis - Walmart Trading: 2022-08-17
Walmart Technical Analysis Summary
Above 140.82
Buy Stop
Below 125.06
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Buy |
| MA(200) | Sell |
| Fractals | Buy |
| Parabolic SAR | Buy |
Walmart Chart Analysis
Walmart Technical Analysis
The technical analysis of the Walmart stock price chart on daily timeframe shows #S-WMT,Daily is testing the 200-day moving average MA(200) following a drop to two-year low twelve weeks ago. We believe the bullish momentum will resume after the price breaches above the upper Donchian bound at 140.82. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the lower Donchian bound at 125.06. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (125.06) without reaching the order (140.82), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Walmart
Walmart announced it now saw smaller profit drop for 2023. Will the Walmart stock price continue recovering?
Walmart reported 8.4% revenue rise to $152.86 billion in the second quarter, beating analysts' average expectation of $150.81 billion. It was driven by 6.5% rise in sales at Walmart's US stores that have been open for at least a year. And inventories declined to $59.92 billion at the end of the second quarter from more than $61 billion at the end of the first quarter. At the same time Walmart upgraded its earnings guidance: it now expects fiscal 2023 adjusted earnings per share to fall 9-11%, up from a drop of 11-13% it estimated a month ago.
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