Walmart Technical Analysis | Walmart Trading: 2022-07-07 | IFCM Iran
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Walmart Technical Analysis - Walmart Trading: 2022-07-07

Walmart Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Above 126.15

Buy Stop

Below 119.87

Stop Loss

Ara Zohrabian
Ara Zohrabian
Senior Analytical Expert
Articles2767
IndicatorSignal
RSI Neutral
MACD Buy
Donchian Channel Buy
MA(200) Sell
Fractals Buy
Parabolic SAR Buy

Walmart Chart Analysis

Walmart Chart Analysis

Walmart Technical Analysis

The technical analysis of the Walmart stock price chart on daily timeframe shows #S-WMT,Daily is rebounding toward the 200-day moving average MA(200) after hitting two-year low eight weeks ago. We believe the bullish momentum will resume after the price breaches above the upper Donchian bound at 126.15. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the lower Donchian bound at 119.87. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (119.87) without reaching the order (126.15), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Stocks - Walmart

Walmart announced it will start charging suppliers pickup and fuel fees. Will the Walmart stock price continue recovering?

Walmart Inc is a United States based retail and wholesale giant which operates globally. Its market capitalization is $343 billion. The stock is trading at P/E ratio (Trailing Twelve Months) of 26.97 currently, company’s revenue (ttm) was $576.0 billion, while the Return on Equity (ttm) was 15.53% and the Return on Assets (ttm) at 6.31%. Walmart has announced it will charge some of its suppliers from next month new fees to transport goods to its warehouses and stores. A "collect pickup charge" calculated as a percentage of the cost of goods received and a fuel surcharge based on the cost of fuel to transport the goods will be charged to Walmart's "Valued Collect Suppliers." This May Walmart, the nation's largest retailer, cut its full-year profit outlook citing rising costs of labor and fuel with fuel costs, in particular, running over $160 million higher than it had anticipated.

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Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

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