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Uptrend ExhaustionArchive
- 12/13/2024 -
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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 dropped -1.45 points, or -1.52%, and closed at 94.25 on Friday, December 13, 2024. It was the worst weekly loss since September 20, 2024. Weekly volume was 25% above average.
 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. The price is now at the 29.28% retracement 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 96.18 on December 6, 2024. WMT gained -38.00 points, or -65.31%, in 40 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (73.10) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 downtrend had started on December 6, 2024 at 96.18 and reached 93.04 on December 13, 2024. WMT lost 3.14 points, or 3.26%, in 7 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See WMT daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with 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.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
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