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Archive
- 11/8/2024 -
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Wal-Mart Stores (WMT) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a first positive week for the Wal-Mart Stores (WMT). During the week, the WMT gained 2.64 points, or 3.21%, and closed at 84.83 on Friday, November 8, 2024. It was the best weekly gain since September 13, 2024. Weekly volume was 8% above average.
WMT is a member of Consumer Staples Sector. Consumer Staples is the most oversold sector. 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 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 Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See WMT medium-term trend chart]
A medium-term uptrend had started on February 26, 2024 at 58.18 and reached 85.54 on November 6, 2024. WMT gained -27.36 points, or -47.03%, in 36 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See WMT weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 above its signal line since May 31, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
Short-term trend: [See WMT short-term trend chart]
A short-term uptrend had started on October 31, 2024 at 81.22 and reached 85.54 on November 6, 2024. WMT gained -4.32 points, or -5.32%, in 6 days. The price is now at the 16.44% retracement level.
 Daily Technical Indicators: [See WMT daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 5.38% on Friday. It is 79.91% 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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