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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
#3109()/6638

Wed 18'th Apr 2018

PERIOD 2018-01-19 - 2018-04-18
CHANGE -0.38%
PRICE $87.57
VOLUME
Sell
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

0.00%

Wal-Mart Stores Inc Stock Analysis

Technical stock analysis for Wed 18'th Apr 2018

Hold candidate since 2018-04-18

Wal-Mart Stores Inc fell by -0.38% in the last day from $87.90 to $87.57 The price has been going up and down for this period, and there has been a 0.4% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -0.95 million shares and in total 5.85 million shares bought and sold for approximately $512.29 million.

Shorts 3.37% ( 2018-03-29 )
Cash 26 796.0 mill
Loans 190 554.0 mill
Beta 0.53
ROA 4.89

Trend

Wal-Mart Stores Inc lies the upper part of a wide and falling 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 $88.61 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -21.35% during the next 3 months and, with 90% probability hold a price between $59.88 and $69.69 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

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 $86.59 and $87.57. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday April 17, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Access today's Top 5 Golden Star Companies

A sell signal from a double top formation was found on Tuesday April 17, 2018 and based on theory for this formation the price should fall by -4.64% to $83.17 within 8 trading days since signal was issued (Friday April 27, 2018).

Relative Strength Index (RSI)

RSI14 is 49 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 $87.51. On the upside the stock meets some resistance just above today's level from accumulated volume at $89.17, $91.52 and $94.11.

The stock is about to test the resistance from accumulated volume at $89.17 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $87.51 Price: $87.57 Resistance: $89.17

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 $1.05 (1.20%) between high and low. For the last week, the stock has had a daily average volatility of 1.36%.

Our recommended stoploss: $83.79 (-4.31%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Wal-Mart Stores Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

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