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AI Analysis of WMT
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Walmart stock price up 1.02% on Monday
(Updated on Apr 22, 2024)

Sell candidate since Apr 11, 2024 Gain 0.08% PDF

The Walmart stock price gained 1.02% on the last trading day (Monday, 22nd Apr 2024), rising from $59.53 to $60.14. During the last trading day the stock fluctuated 2.30% from a day low at $59.04 to a day high of $60.40. The price has been going up and down for this period, and there has been a 0.6% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 14 million shares were bought and sold for approximately $871.12 million.

The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.19% during the next 3 months and, with a 90% probability hold a price between $65.31 and $69.90 at the end of this 3-month period.

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WMT Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Walmart stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $60.27. On a fall, the stock will find some support from the short-term average at $59.79. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -2.13%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Walmart stock

Walmart finds support from accumulated volume at $58.62 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.36 between high and low, or 2.30%. For the last week the stock has had daily average volatility of 1.40%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (WMT) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Walmart Stores Inc to open at $59.86, and during the day (based on 14 day Average True Range), to move between $59.35 and $60.93, which gives a possible trading interval of +/-$0.786 (+/-1.31%) up or down from last closing price. If Walmart Stores Inc takes out the full calculated possible swing range there will be an estimated 2.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $60.57 (0.71%) than the support at $58.62 (2.53%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Walmart Stores Inc stock A Buy?

Walmart holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.891 Sell Candidate Unchanged

Predicted Opening Price for Walmart Stores Inc of Tuesday, April 23, 2024

Fair opening price April 23, 2024 Current price
$59.86 ( 0.468%) $60.14

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for WMT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 61.21 1.78 %
R2 60.70 0.92 %
R1 60.38 0.392 %
Current price: 60.14
Support S1 59.34 -1.33 %
S2 59.02 -1.86 %
S3 58.50 -2.72 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 60.87 1.21 %
R2 60.68 0.90 %
R1 60.57 0.715 %
Current price 60.14
Support S1 58.62 -2.53%
S2 58.52 -2.69%
S3 57.90 -3.72%

WMT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 26, 2024 Dec 13, 2024 Jan 06, 2025 $0.208 0.345%
2 Aug 16, 2024 Aug 16, 2024 Sep 03, 2024 $0.208 0.345%
3 Feb 22, 2024 May 09, 2024 May 28, 2024 $0.208 0.345%
4 Feb 20, 2024 Mar 14, 2024 Apr 01, 2024 $0.208 0.346%
5 Feb 21, 2023 Dec 07, 2023 Jan 02, 2024 $0.570 1.07%

FAQ

What is the symbol for Walmart Stock and on which exchange is it traded?
The symbol for Walmart is WMT and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Walmart Stock?
Walmart holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Walmart Stock?
Walmart Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Walmart Stock.

What's the current price of Walmart Stock?
As of the end of day on the Apr 22, 2024, the price of an Walmart (WMT) share was $60.14.

What is the 52-week high and low for Walmart Stock?
The 52-week high for Walmart Stock is $61.66 and the 52-week low is $48.34.

What is the market capitalization of Walmart Stock?
As of the Apr 22, 2024, the market capitalization of Walmart is 479.383B.

When is the next earnings date for Walmart?
The upcoming earnings date for Walmart is May 16, 2024.
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About Walmart Stores Inc

Walmart Walmart Inc. engages in the operation of retail, wholesale, and other units worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile comme... WMT Profile

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