Wal-Mart de México, S.A.B. de C.V. Stock Forecast
Green day on Friday for Wal-Mart de México, S.A.B. de C.V.
(Updated on May 31, 2024)
The Wal-Mart de México, S.A.B. de C.V. stock price gained 0.220% on the last trading day (Friday, 31st May 2024), rising from $63.65 to $63.79. During the last trading day the stock fluctuated 2.42% from a day low at $63.11 to a day high of $64.64. The price has fallen in 7 of the last 10 days and is down by -6.05% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 20 million shares were bought and sold for approximately $1.29 billion.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Wal-Mart de México, S.A.B. de C.V. stock with a 90% probability to be traded between $61.38 and $67.46 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
WALMEX.MX Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 0.220%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Wal-Mart de México, S.A.B. de C.V. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $64.60 and $65.73. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Wal-Mart de México, S.A.B. de C.V. stock
Wal-Mart de México, S.A.B. de C.V. finds support from accumulated volume at $63.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.53 (2.42%) between high and low. For the last week, the stock has had daily average volatility of 1.68%.
Wal-Mart de México, S.A.B. de C.V. is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $59.56 (-6.64%) (This stock has low daily movements and this gives low risk. Low RSI14 is 17 which reduces the risk some. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (WALMEX.MX) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Wal-Mart de México, S.A.B. de C.V. to open at $63.85, and during the day (based on 14 day Average True Range), to move between $62.36 and $65.22, which gives a possible trading interval of +/-$1.43 (+/-2.24%) up or down from last closing price. If Wal-Mart de México, S.A.B. de C.V. takes out the full calculated possible swing range there will be an estimated 4.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $63.65 (0.22%) than the resistance at $65.53 (2.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wal-Mart de México, S.A.B. de C.V. stock A Buy?
Wal-Mart de México, S.A.B. de C.V. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.639 Hold/Accumulate Unchanged
Predicted Opening Price for Wal-Mart de México, S.A.B. de C.V. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $63.85 ( 0.0888%) | $63.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WALMEX.MX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.38 | 2.49 % | |
| R2 | 64.79 | 1.57 % | ||
| R1 | 64.43 | 1.01 % | ||
| Current price: | 63.79 | |||
| Support | S1 | 63.26 | -0.83 % | |
| S2 | 62.90 | -1.39 % | ||
| S3 | 62.32 | -2.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 66.62 | 4.44 % | |
| R2 | 66.49 | 4.23 % | ||
| R1 | 65.53 | 2.73 % | ||
| Current price | 63.79 | |||
| Support | S1 | 63.65 | -0.219% | |
| S2 | 63.50 | -0.455% | ||
| S3 | 63.49 | -0.470% |
WALMEX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 09, 2024 | Dec 09, 2024 | Dec 10, 2024 | $1.09 | 1.71% |
| 2 | Nov 11, 2024 | Nov 11, 2024 | Nov 12, 2024 | $1.08 | 1.69% |
| 3 | Dec 04, 2023 | Dec 04, 2023 | Dec 06, 2023 | $0.97 | 1.46% |
| 4 | Nov 27, 2023 | Nov 27, 2023 | Nov 29, 2023 | $0.97 | 1.45% |
| 5 | Apr 05, 2023 | Apr 05, 2023 | Apr 05, 2023 | $0.750 | 1.07% |
FAQ
Click here for our free guide on how to buy Wal-Mart de México, S.A.B. de C.V. Stock.
