Wal-Mart De Mex Sp A Stock Forecast
Wal-Mart De Mex Sp A stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Apr 18, 2024)
The Wal-Mart De Mex Sp A stock price fell by -1.41% on the last day (Thursday, 18th Apr 2024) from $37.49 to $36.96. During the last trading day the stock fluctuated 5.31% from a day low at $36.70 to a day high of $38.65. The price has fallen in 7 of the last 10 days and is down by -6.03% for this period. Volume has increased on the last day by 205 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 261 thousand shares were bought and sold for approximately $9.63 million.
The stock has broken the falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($38.30) are considered to be a "second chance" to get out. According to the fan-theory $35.28 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
WMMVY Signals & Forecast
There are few to no technical positive signals at the moment. The Wal-Mart De Mex Sp A 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 $38.50 and $39.68. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -9.46%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Wal-Mart De Mex Sp A stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $1.95 (5.31%) between high and low. For the last week, the stock has had daily average volatility of 3.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WMMVY) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Wal-Mart De Mex Sp A to open at $37.44, and during the day (based on 14 day Average True Range), to move between $35.60 and $38.32, which gives a possible trading interval of +/-$1.36 (+/-3.67%) up or down from last closing price. If Wal-Mart De Mex Sp A takes out the full calculated possible swing range there will be an estimated 7.34% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $38.97, some $2.01 (5.44%) from the current price of $36.96, our system finds the risk reward not very attractive.
Earnings coming up
Wal-Mart De Mex Sp A will release earnings -- on Wednesday, April 24, 2024. We will update the financials statements for Wal-Mart De Mex Sp A, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.03% in the first trading day after earnings release.
Is Wal-Mart De Mex Sp A stock A Buy?
Wal-Mart De Mex Sp A holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.487 Sell Candidate Downgraded
Predicted Opening Price for Wal-Mart De Mex Sp A of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $37.44 ( 1.29%) | $36.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WMMVY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.39 | 6.57 % | |
| R2 | 38.64 | 4.55 % | ||
| R1 | 38.18 | 3.31 % | ||
| Current price: | 36.96 | |||
| Support | S1 | 36.69 | -0.726 % | |
| S2 | 36.23 | -1.97 % | ||
| S3 | 35.49 | -3.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.80 | 7.68 % | |
| R2 | 39.58 | 7.08 % | ||
| R1 | 38.97 | 5.44 % | ||
| Current price | 36.96 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
WMMVY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 11, 2023 | Dec 04, 2023 | Dec 18, 2023 | $0.557 | 1.36% |
| 2 | Nov 27, 2023 | Nov 27, 2023 | Dec 11, 2023 | $0.468 | 1.23% |
| 3 | Jun 28, 2023 | Apr 06, 2023 | Apr 21, 2023 | $0.416 | 1.05% |
| 4 | Dec 22, 2022 | Dec 22, 2022 | Jan 06, 2023 | $0.434 | 1.15% |
| 5 | Nov 17, 2022 | Nov 17, 2022 | Nov 17, 2022 | $0.422 | 1.14% |
FAQ
Click here for our free guide on how to buy Wal-Mart De Mex Sp A Stock.
