Walmart (NYSE: WMT) STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 80.6 – 81.6 |
| Target | 83.75 – 84.75 |
| StopLoss* | below 79.5 |
| Duration | 10-12 Trading Days |
| Potential Returns | 4% – 5% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 80.6 – 81.6 | 83.75 – 84.75 | below 79.5 | 10-12 Trading Days | 4% – 5% |
* Once the first target hit, reset the StopLoss at your buying price.
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Walmart (NYSE: WMT) STOCK OVERVIEW
Walmart Inc. operates retail, wholesale, and eCommerce globally. It has three main segments: Walmart U.S., Walmart International, and Sam’s Club. The company runs supercenters, supermarkets, warehouse clubs, and discount stores under Walmart and Walmart Neighborhood Market brands, along with various eCommerce sites and mobile apps. Walmart offers a wide range of products, including groceries, health and beauty items, home goods, apparel, electronics, and more. It also provides digital payment services and financial products like money transfers and credit cards. Originally named Wal-Mart Stores, Inc., it rebranded to Walmart Inc. in February 2018 and was founded in 1945 in Bentonville, Arkansas.
| Stock Data | |
| NYSE Symbol | WMT |
| Sectoral Index | Retail Stores |
| 52 Weeks High | 81.6 |
| 52 Weeks Low | 49.8 |
Walmart (NYSE: WMT) - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Walmart — NASDAQ —
Walmart (NYSE: WMT) - DAILY TECHNICAL ANALYSIS
- The stock price has been steadily increasing, consistently making higher highs and lows.
- Recently, it entered a consolidation phase and formed an Ascending Triangle pattern.
- After breaking out, the stock is now trading at an all-time high and is anticipated to keep climbing.
Walmart (NYSE: WMT) - RSI
- Current RSI of this stock is 62.41, which indicates the strength of buyers.
Walmart (NYSE: WMT) - ADX & DI
- Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.
Walmart (NYSE: WMT) - EMA CROSS
- The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
CONCLUSION - Walmart (NYSE: WMT) STOCK PRICE FORECAST
Based on our stock trading advice in USA, Walmart stock price target will be USD 83.75 – USD 84.75 in the next 10-12 trading sessions.
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