Fri 03'rd Aug 2018
Wal-Mart Stores Inc Stock Analysis
Technical stock analysis for Fri 03'rd Aug 2018
|Shorts||3.44% ( 2018-07-13 )|
|Cash||20 251.0 mill|
|Loans||144 057.0 mill|
Wal-Mart Stores Inc gained 0.95% in the last trading day, rising from $88.76 to $89.60, and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days and is up by 1.75% 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, 1.47 million more shares were traded than the day before. In total, 5.75 million shares bought and sold for approximately $514.79 million.
Wal-Mart Stores Inc lies in the upper part of a weak rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $90.56 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 5.94% during the next 3 months and, with 90% probability hold a price between $90.75 and $95.94 at the end of this period.
Only positive signals in the chart today. Wal-Mart Stores Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $88.72 and $86.56. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday July 02, 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.
Relative Strength Index (RSI)
RSI14 is 66 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $84.49 and $83.61.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Wal-Mart Stores Inc finds support just below today's level at $84.49. If this is broken, then the next support from accumulated volume will be at $83.61 and $83.06.
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 $1.28 (1.44%) between high and low. For the last week, the stock has had a daily average volatility of 1.28%.
Our recommended stoploss: $84.73 (-5.43%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 23 days ago.)
Very Low Low Medium High Very High
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.Click for Top 5 Buy Candidates