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Archive
- 10/23/2026 -
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Wal-Mart Stores (WMT) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third consecutive positive week for the Wal-Mart Stores (WMT). During the week, the WMT climbed 1.08 points, or 0.91%, and closed at 119.89 on Friday, October 23, 2026. Weekly volume was -14% below average.
WMT is a member of Consumer Staples Sector. Consumer Staples is the most overbought 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 uptrend had started on February 26, 2024 at 58.18 and reached 135.16 on May 19, 2026. WMT gained -76.98 points, or -132.31%, in 116 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 110.01 and resistance is at 140.93. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See WMT medium-term trend chart]
A medium-term downtrend had started on May 19, 2026 at 135.16 and reached 102.15 on August 21, 2026. WMT lost 33.01 points, or 24.42%, in 13 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (94.20) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. WMT may retest the broken resistance line. It is considered to be a support line now. 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See WMT weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since October 9, 2026. 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 5, 2026 at 103.39 and reached 122.40 on October 23, 2026. WMT gained -19.01 points, or -18.39%, in 18 days. The price is now at the 13.20% retracement level.
 Daily Technical Indicators: [See WMT daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is above its signal line since October 6, 2026. This is an indication that the short-term trend is up.
 Candlestick pattern: [See WMT candlestick chart pattern]
On Friday the chart has formed a Bearish Dark Cloud Cover Candlestick pattern. Bearish Dark Cloud Cover pattern is a trend reversal indicator which signifies the end of an uptrend and the start of a downtrend. The reliability of the Bearish Dark Cloud Cover pattern is considered a highly reliable pattern of market reversalUse the Technical Stock Screener to see the list of stocks that had a Bearish Dark Cloud Cover Candlestick pattern during the last week.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Staples |
10 |
| Industry |
Hypermarkets & Super Centers |
112 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
116.63 |
| Low Date |
10/21/2026 |
| High |
122.40 |
| High Date |
10/23/2026 |
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| Weekly Trend |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
103.39 |
| Low Date |
10/05/2026 |
| High |
122.40 |
| High Date |
10/23/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
102.15 |
| Low Date |
08/21/2026 |
| High |
122.40 |
| High Date |
10/23/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Resistance |
| Resistance |
104.68 |
| Support |
94.20 |
| High |
135.16 |
| High Date |
05/19/2026 |
| Low |
102.15 |
| Low Date |
08/21/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
140.93 |
| Support |
110.01 |
| Low |
58.18 |
| Low Date |
02/26/2024 |
| High |
135.16 |
| High Date |
05/19/2026 |
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