NYSE trade advice (A): US retail stores stock | 4-5% gain | USA stock trading idea on 16 Oct 2024

Date
October 16, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
NYSE, United States of America

Trading Tips for US Stocks

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Walmart
  • 80.6 – 81.6
  • 83.75 – 84.75
  • Below 79.5
  • 4% – 5%
  • 10 - 12 Days
  • Buy
    Walmart
  • Buy
    Range
    80.6 – 81.6
  • Target
    83.75 – 84.75
  • Stoploss
    Below 79.5
  • Upside
    Potential
    4% – 5%
  • Trade
    Duration
    10 - 12 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    Walmart (NYSE: WMT) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • WMT
  • Walmart
  • Retail Stores
  • 81.6
  • 49.8
  • NYSE code WMT
  • Stock Name Walmart
  • Sector Retail Stores
  • 52 Weeks High 81.6
  • 52 Weeks Low 49.8
  • Walmart (NYSE: WMT) vs NYSE - Relative Strength Comparison

    The image compares Walmart's 1-year performance to NYSE.
    Relative Performance - Last 1 Year
    WMT —   NYSE —

  • Walmart (NYSE: WMT) - Technical Analysis (Daily)

    Walmart - Technical Analysis chart on Daily Price and Volume
    Walmart - Technical Analysis chart on Daily Price and Volume

    • 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 Indicator

    Walmart stock analysis based on RSI indicator
    Walmart - RSI Indicator

    • Current RSI of this stock is 62.41, which indicates the strength of buyers.

  • Walmart (NYSE: WMT) - ADX & DI Indicator

    Walmart stock analysis based on ADX & DI indicator
    Walmart - ADX & DI Indicator

    • 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 Crossover

    Walmart stock analysis based on EMA Crossover
    Walmart - EMA Crossover

    • 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 trading advisory services for USA stocks, Walmart stock price target will be USD 83.75 - USD 84.75 in the next 10-12 trading sessions.

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    Target hit. Trade closed.

    16 Oct 2024
    05 Nov 2024
    05 Nov 2024
    16 days
    Loss per
    100,000 SAR
    Stop-loss
    79.5
    Buy Advice
    16 Oct 2024
    80.6 – 81.6
    Target 1
    05 Nov 2024
    83.75
    Target 2
    05 Nov 2024
    84.75
    Profit per
    100,000 SAR
    16 days
    5,149
    79.5
    80.6 – 81.6
    83.75
    84.75
    5,149
    16 Oct 2024
    05 Nov 2024
    05 Nov 2024
    16 days
    Loss per
    100,000 SAR
    Stop-loss
    79.5
    Buy Advice
    16 Oct 2024
    80.6 – 81.6
    Target 1
    05 Nov 2024
    83.75
    Target 2
    05 Nov 2024
    84.75
    Profit per
    100,000 SAR
    16 days
    5,149
    79.5
    80.6 – 81.6
    83.75
    84.75
    5,149
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Walmart
  • 80.6 – 81.6
  • 83.75 – 84.75
  • Below 79.5
  • 4% – 5%
  • 10 - 12 Days
  • Buy Walmart
  • Buy
    Range
    80.6 – 81.6
  • Target 83.75 – 84.75
  • Stoploss Below 79.5
  • Upside
    Potential
    4% – 5%
  • Trade
    Duration
    10 - 12 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Walmart
  • 80.6 – 81.6
  • 83.75 – 84.75
  • Below 79.5
  • 4% – 5%
  • 10 - 12 Days
  • Buy
    Walmart
  • Buy
    Range
    80.6 – 81.6
  • Target
    83.75 – 84.75
  • Stoploss
    Below 79.5
  • Upside
    Potential
    4% – 5%
  • Trade
    Duration
    10 - 12 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Walmart (NYSE: WMT) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • WMT
  • Walmart
  • Retail Stores
  • 81.6
  • 49.8
  • NYSE code WMT
  • Stock Name Walmart
  • Sector Retail Stores
  • 52 Weeks High 81.6
  • 52 Weeks Low 49.8
  • Company profile

    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.

  • Walmart (NYSE: WMT) vs NYSE - Relative Strength Comparison

    The image compares Walmart's 1-year performance to NYSE.
    Relative Performance - Last 1 Year
    WMT —   NYSE —

  • Walmart (NYSE: WMT) - Technical Analysis (Daily)

    Walmart - Technical Analysis chart on Daily Price and Volume
    Walmart - Technical Analysis chart on Daily Price and Volume

    • 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 Indicator

    Walmart stock analysis based on RSI indicator
    Walmart - RSI Indicator

    • Current RSI of this stock is 62.41, which indicates the strength of buyers.

  • Walmart (NYSE: WMT) - ADX & DI Indicator

    Walmart stock analysis based on ADX & DI indicator
    Walmart - ADX & DI Indicator

    • 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 Crossover

    Walmart stock analysis based on EMA Crossover
    Walmart - EMA Crossover

    • 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 trading advisory services for USA stocks, Walmart stock price target will be USD 83.75 - USD 84.75 in the next 10-12 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

    If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website