Walmart is pulling back aggressively on what is a technical correction following deeply overbought RSI levels on the 1W timeframe. The 1D technical outlook has already turned bearish (RSI = 41.808, MACD = 0.470, ADX = 29.295) and is expected to extend towards at least the 1D MA100, as per all prior systemic pullbacks inside a logarithmic Channel Up pattern that...
Walmart (WMT) has been trading within a Channel Up pattern since the May 20 2022 Low. The current Bullish Leg is approaching the pattern's top (Higher Highs trend-line) and the probability for a correction becomes greater on every up move. As the 1D RSI has been on a Bearish Divergence since February 20, similar to the April - May 2023 Divergence, we are...
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In a groundbreaking move aimed at revolutionizing the apparel industry, retail giant Walmart (NYSE: NYSE:WMT ) has embarked on a visionary collaboration with unspun, a trailblazing fashion tech company. This partnership signals a significant stride towards reducing environmental impact, fostering sustainability, and revitalizing U.S.-based manufacturing. At the...
Walmart is technically bullish on the 1D outlook (RSI = 66.294, MACD = 1.320, ADX = 41.735) but has reached the top of the 18 month Channel Up. With the 1D RSI Double Topped inside the overbought zone, the current price is increasingly unstable and the rally since the December 11th 2023 HL unsustainable withouth a correction. The three main pullbacks inside the...
Walmart, Costco, Target, CVS, Home Depot, and Walgreens are the largest box store giants in the market. Proctor and Gamble along with Nike are in here because they are both also mega corporations and since P&G has so many products in these stores. Nike is also a staple in these stores but Proctor and Gamble especially belongs here. These Fibonacci Schematics are...
WMT split 3/1 today. Looking back over the years, the WMT stock almost looks like a crypto that never crashed. Its gone up consistently over the years. WMT can be traded technically of course. But one of my friends who is a successful options trader likes WMT for its fundamentals. And I think that shows in this chart over the decades of Walmart's history. Some...
Walmart, the retail giant known for its everyday low prices, is embarking on a significant change that has investors buzzing. On February 26, 2024, Walmart will undergo a 3-for-1 stock split, a move aimed at making its shares more accessible to a broader range of investors. CEO Doug McMillon attributes this decision to the vision of Walmart's founder, Sam Walton,...
Walmart ( NYSE:WMT ) has announced its acquisition of smart television maker Vizio ( NYSE:VZIO ) for a staggering $2.3 billion. This bold move by the retail giant underscores its commitment to innovation and diversification in the face of a rapidly evolving market. The acquisition, revealed alongside Walmart's robust fourth-quarter earnings report, marks a...
Walmart's Earnings Report: Navigating Market Reaction and Embracing Growth Opportunities Walmart's recent earnings report sparked a market reaction that many deemed an overreaction, considering the positive trajectory revealed in the company's outlook for 2023. Despite initial disappointment from Wall Street, there are three compelling reasons to believe that...
Walmart Inc. (NYSE: NYSE:WMT ) has recently announced a significant development in its financial strategy – a 3-for-1 stock split. The decision, driven by a commitment to inclusive shareholder participation and a desire to align with founder Sam Walton's vision, reflects Walmart's ongoing dedication to its associates and a long-standing legacy of fostering...
Over the past few trading days, the Walmart stock has continued along its path toward our magenta Target Zone (between $164.10 and $170.42), steadily recovering from the drastic sell-offs that happened in mid-November last year. Our Target Zone should now be reached soon, and we expect wave (2) to conclude there, which is why our Zone presents an opportunity to...
Thank you for watching and listening too my analysis on $NYSE:WMT. Remember this is not financial advice and always ONLY risk what you are WILLING to lose! God bless you and your families going into the New Years!
Key Factors to Consider: Economic Indicators: Monitor key economic indicators such as GDP growth, employment data, and inflation. Positive economic data may support the upward movement of the S&P 500, while negative indicators could lead to volatility. Interest Rates: Changes in interest rates can impact the cost of borrowing and influence investor behavior....
There is a reaction at the channel border with volumes. tp1 160.3 tp2 169.9
Personally have been using toughbuilt products and they are very very good. Best kneepads I have ever worn in 15 years in trades. Knives second to none. Very Innovative as well. They are entering Canada with product next year and should see a boost in profit. They need to be picked up by a large store as a household brand - They are much better than other...
We are in the correction, and I think it will continue for more time. But the Trend is still Bullish in the long-term. Follow for notifying more Analysis. Boost, Comment for signal, and more.
Walmart / WMT broke through the 1day MA50 and is testing the bottom of both the short and long term Channel Up patterns. This is the first technical buy entry of this sequence, with the second being on the 1day MA100 and as long as no 1day candle closes under it. Buy and target 168.00 (Fibonacci 1.236 extension). Note: The 1day RSI also has clear Support levels...