Technical analysis: Will the Walmart stock price continue recovering?
|Walmart technical analysis summary
Buy StopÖ‰ Above 126.15.
Stop Loss: Below 119.87.
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Buy |
| MA(200) | Sell |
| Fractals | Buy |
| Parabolic SAR | Buy |
Walmart chart 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.
Want to get more free analytics? Open Demo Account now to get daily news and analytical materials.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.