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Archive
- 4/5/2024 -
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Wal-Mart Stores (WMT) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Wal-Mart Stores (WMT). During the week, the WMT gave back -0.32 points, or -0.53%, and closed at 59.85 on Friday, April 5, 2024. Weekly volume was 96% above average.
WMT is a member of Hypermarkets & Super Centers Industry. Hypermarkets & Super Centers is the eighth most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See WMT long-term trend chart]
A long-term uptrend had started on November 13, 2015 at 56.30 and reached 181.35 on February 20, 2024. WMT gained -125.05 points, or -222.11%, in 431 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (138.48) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See WMT medium-term trend chart]
A medium-term downtrend had started on February 20, 2024 at 181.35 and reached 58.18 on February 26, 2024. WMT lost 123.17 points, or 67.92%, in 0 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See WMT weekly technical indicators chart]
Weekly Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold weekly Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since February 23, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
Short-term trend: [See WMT short-term trend chart]
A short-term downtrend had started on March 21, 2024 at 61.66 and reached 58.88 on April 2, 2024. WMT lost 2.78 points, or 4.51%, in 12 days. The price is now at the 34.89% retracement level.
 Daily Technical Indicators: [See WMT daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since March 14, 2024. The distance between MACD and the signal line is low and getting smaller.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands is falling, and it was 4.34% on Friday. It is 83.07% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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