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WMT - Wal-Mart Stores Inc

Industry: Discount, Variety Stores Sector: Services Exchange: NYSE

WMT - Wal-Mart Stores Inc

Industry: Discount, Variety Stores Sector: Services Exchange: NYSE
#1020()/6724

Fri 16'th Feb 2018

PERIOD 2017-11-17 - 2018-02-16
CHANGE 1.50%
PRICE $104.78
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

0.00%

Wal-Mart Stores Inc Stock Analysis

Technical stock analysis for Fri 16'th Feb 2018

Shorts 4.10% ( 2018-01-31 )
Cash 26 907.0 mill
Loans 190 005.0 mill
Beta 0.43
ROA 5.35
Buy candidate since 2018-02-16

Wal-Mart Stores Inc gained 1.50% in the last trading day, rising from $103.23 to $104.78, and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. The price has risen in 7 of the last 10 days and is up by 0.29% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 8.42 million more shares were traded than the day before. In total, 15.90 million shares bought and sold for approximately $1 666.20 million.

Access today's Top 5 Buy Candidates

Trend

Wal-Mart Stores Inc lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.65% during the next 3 months and, with 90% probability hold a price between $108.76 and $121.24 at the end of this period.

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Signals

Only positive signals in the chart today. Wal-Mart Stores Inc holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $101.38 and $102.58. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday February 09, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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A buy signal from a double bottom formation was found on Monday February 05, 2018 and based on theory for this formation the price should go up by 9.42% to $109.09 within 17 trading days since signal was issued (Thursday March 01, 2018).

Relative Strength Index (RSI)

RSI14 is 39 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Wal-Mart Stores Inc finds support from accumulated volume at $100.02. On the upside the stock meets some resistance just above today's level from accumulated volume at $106.60, $107.73 and $109.55.

The stock is about to test the resistance from accumulated volume at $106.60 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $100.02 Price: $104.78 Resistance: $106.60

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $2.96 (2.90%) between high and low. For the last week, the stock has had a daily average volatility of 2.06%.

Since the Wal-Mart Stores Inc has been rising for 6 days in a row, the risk for the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stoploss: $99.60 (-4.95%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 5 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

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