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WMT

WMT, Ascending-Triangle-Formation, BREAKOUT Incoming!Hello There! Welcome to my new analysis about WMT on the 2-hour timeframe perspectives. As I mentioned in previous ideas the stock market currently is in a highly mixed condition with many stocks being bullish and having breakout potentials while others make better short candidates. The approach with a total-return trading is to make profits in all states of the market either to the up or downside and therefore pick setups on the long as well as short-side. In this case I spotted a important price-action-dynamic with WMT that is likely to lead to a major breakout towards the short side. Especially, with the dynamic setting up here this has a massive potential to turn into a considerable opportunity to move forward within the next times. As when looking at my chart now WMT is forming this major ascending-triangle-formation with the continued wave-count within the formation and the waves A to D already completed. Now as WMT is edging higher within the triangle it is going to approach the upper boundaries in combination with the main all-time-high resistance from where a pullback is highly likely once the wave-count has been completed. This means that once WMT pulled back off the upper levels and breaks out below the lower boundary it is going to setup the further bearish continuations as marked in my chart with the breakout-setup. Once the breakout has shown up WMT is going to set up the next wave C within the main wave-count reaching from A to C. Especially once the trend acceleration below the 45-EMA as well as 100-EMA emerged this is going to point towards the lower levels and further bearish volume to accelerate. Once the whole formation has been completed it will activate targets seen within my chart within the 155 level. Once these targets have been reached there is also the possibility for a continuation if the main double-top-formation should complete with a huge breakout below the 155 level. Especially, considering the dynamic to show up with huge bearish momentum this has a high possibility to convert into a further bearish continuation therefore the stocks stays on the watchlist as a main short-candidate. Thank you for watching my analysis. Support from your side is greatly appreciated. VP
NYSE:WMT
by VincePrince
2
XLP - Staples are lagging the market XLP has had horrific downside price action over the last several weeks. As it approaches the Weekly 200 MA I do anticipate a bounce to occur. Not many sectors are near the weekly 200 MA. Buying this at the Weekly 200 MA has proven to be a great long term entry for investors. If a bounce occurs and bearish consolidation on the weekly chart occurs, this sector will likely be a good short side play. I would never short this sector now since its had a big decline. A bounce is more favourable at this point.
AMEX:XLP
by Trading-Capital
WBA in a long trend down SHORTWBA is Walgreens. On the daily chart it is down about 50% from the highs of late 2019, the summer of 2021 and winter of 2021. WBA may be suffering from not keeping up with online mail-order prescription filling and online in general. Like others, it may be suffering from potential downside of litigation related to the opioid epidemic. Mark Cuban and his Cost Plus Drugs may be having an impact on WBA . Merely a reasonable conjecture on my part. WBA beat earnings for three years of quarters prior to this most recent one. Importantly, on the long-range volume profile WBA is below the POC line where most traders prefer to trade. It is even farther below the POC line of the near term volume profile. The other indicators show ongoing or even accelerating bearish momentum. I will short WBA in what I think will be a long-duration swing trade. I will look into put option contracts as well.
NASDAQ:WBAShort
by AwesomeAvani
1
RAD - Is there such a thing as a safe SHORT?If there was ever a thing such as a safe short- I think it would be Rite Aid (RAD) As shown on a monthly chart, RAD triple topped in 2015=2017 and has been in a decline every since. It has shed 90% of its market cap in the intervening 6-8 years. Now, it is fundamentally fighting for survival. This is because as a weaker drugstore retailer and the rise of Walgreens, CVS and others as well as RAD's role in the opioid epidemic ( I have insider knowledge) RAD is now filing for bankruptcy protection against claims and litigation which will vastly outstrip its liability protections. All confirmations on the monthly chart ( high validity given the time frame) considered in context, RAD is near to its death bed. The judge will be ing the rights of shareholders against the rights of litigants ( which include Medicare, Medicaid and state governments). The shareholders will loose and loose very badly. I will go short in a stock trade and take a large put option position. There is no need to buy call options here for backside protection. The writing is on the wall.
RShort
by AwesomeAvani
DLTR reverses up on pre-earnings move LONGDLTR has earnings in 3-4 trading days. On the 30 minute chart it has been sideways and maybe a little down for this past week which is par for the course given the general market. In the last trading day, price bounced up from the lower of the two Bollinger band set at 2.618 standard deviations below the mean basis band. The ZL MACD lines are upgoing and crossed over the zero-line. The ADX lines both negative direction and positive direction are flat and ad the zero level. The BB Oscillator demonstrates the bounce at the Friday morning open. I will take a long trade in DLTR in the next three days anticipating that trader interest and a little greed will push the price higher. I may take a call option as well. If you want to know which call I may have an interest in taking, please leave a comment.
NASDAQ:DLTRLong
by AwesomeAvani
$WMT Outperforms $SPY and $XLP: A Weekly Comparative AnalysisDetails: Walmart ( NYSE:WMT ): Over the weekly time frame, Walmart saw an impressive gain of 22.51%, highlighting a strong trend in its stock performance. S&P 500 ( AMEX:SPY ) : This ETF tracks the S&P 500 Index, a benchmark for 500 of the largest companies in the U.S. stock market. During the same period, AMEX:SPY recorded a gain of 16.17%. Consumer Staples ( AMEX:XLP ): AMEX:XLP represents the Consumer Staples sector of the S&P 500, focusing on necessities like food, beverages, and household goods. It rose 15.61% in the weekly time frame. Comparative Analysis: NYSE:WMT vs. AMEX:SPY : Walmart outperformed the broader market ( AMEX:SPY ) by 6.34%. NYSE:WMT vs. AMEX:XLP : Walmart's growth outshines the Consumer Staples sector ( AMEX:XLP ) by 6.90%. Technical Indicators: 50-Day Exponential Moving Average (EMA): At present, NYSE:WMT is trading above its 50-day EMA, located around the $156.00 price mark. This divergence from the mean value might point to an overextension, particularly since the stock has reached all-time highs for the past five consecutive days. Bollinger Bands & RSI: Walmart's stock is brushing against the upper Bollinger Band, hinting at possible overbought conditions. This is further corroborated by an RSI nearing 70, signaling that a pullback might be on the horizon. Conclusion: The combination of strong weekly gains and the current technical indicators presents a complex picture for $WMT. While the stock's performance has been robust, some signs point to potential overextension. Investors and traders must weigh these factors carefully and consider their strategies accordingly. The data and analysis presented here serve as valuable tools for understanding the stock's dynamics and planning future moves.
NYSE:WMTShort
by Solidified
Walmart in a bullish channel.Walmart - 30d expiry - We look to Buy at 154.33 (stop at 150.33) Price action continues to trade around the all-time highs. Trading within a Bullish Channel formation. We look to buy dips. The primary trend remains bullish. Trend line support is located at 154. This stock has seen good sales growth. Our profit targets will be 164.33 and 166.33 Resistance: 159.50 / 161.00 / 163.00 Support: 157.50 / 155.00 / 154.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NYSE:WMTLong
by VantageMarkets
Will it hit my $TGT?With NYSE:TGT struggling to find its footing after its May downturn, it's due for good news. The upcoming earnings report might be the catalyst needed to challenge the persistent downward trend. Despite lagging behind NASDAQ:AMZN and NYSE:WMT , TGT is working hard to regain ground it suffered from overstocking issues and inefficient offloading strategies like promotions and sales, logistics updates, and donations. Anticipate news about these strategies, and potential dividend increases to attract new investors. Bullish Case - TGT, currently range-bound, is trying to incorporate pandemic-related impacts into its pricing. It's at least a $150 stock and should be valued accordingly. The downtrend is a reaction from major investors who want resolution to existing issues and a plan for longevity. They've had plenty of time to address these issues. Bearish Case - It's a range-bound distribution phase. Note how it's retracted over 50% of its gains from the pandemic low. Typically, continuation is 38%, but it's even surpassed the .618 golden ratio. It would be wise to avoid complications and let sleeping dogs lie. Claiming it would return to pandemic levels is too aggressive, but a price just above $100 should attract stronger supporters for a rebound. Conclusion - TGT isn't a fan favorite, and understandably so. However, the aggressive pullback is noteworthy, even WMT didn't face this level of pressure. The chart below shows a substantial divergence, presenting an opportunity. At this point, the ball is in TGT's court. How they act in the latter half of the year will determine their fate. Bullish - 140.27 Bearish - 125.25
NYSE:TGTLong
by JDTheGreat
WMT benefits from consumer confidence LONGWMT may be benefiting from the potential suspension of federal rate hikes potentially giving consumers more buying confidence and maybe a stabilization of credit card rates as another form of relief. On the 4H chart, WMT is showed with a pair of anchored VWAP bands set at the beginning of a prior breakout on June 30th and the pivot high on July 5th. Price had descended to the third deviation green lines below the mean VWAPs zone ( black lines) but has now ascended to the first deviation blue lines below the mean VWAPs. WMT is in an early VWAP breakout at this point as price approaches the mean VWAP. The MFT RSI indicator of Chris Moody shows both low and high TF RSIs now above the 50 level and the low higher than the high demonstrating bullish momentum. The zero-lag MACD is also confirmatory showing a line cross under the histogram on July 11th. I find WMT suitably set up for a swing long trade. I will seek out the best entry on the 15-30 minute time frame by identifying a privot low from which to enter. The target is the red second deviation lines above the mean VWAP zone at $158.25. A call options trade would be for $157.00 with a 9-10 DTE.
NYSE:WMT
by AwesomeAvani
Walmart (WMT) | The Long-awaited Breakout!Hi, Waited for the end of June and we got the highest monthly candle close in Walmart history! The area between $150 to $154 has been like a nightmare for WMT. As you see in the image it has tried many many times to make a breakthrough. Finally, it happened, barely but still, the price of Walmart has got the confirmed move, at least I like to think like that. Literally, investors are ready to pay higher prices for WMT stock, we got that "letter" from investors, we take it as a sign and we are ready to make a buy from the current prices to $145. This idea shows also how important is technical analysis! No matter what the WMT stock does from now but if you invested before that breakout (after the price reached the first time $150), then your money has been stuck for half a year to two years (depending on when you discovered it) in this asset! In the meantime, you see that almost the entire market is rallying. So, if you have such a strong area, as Walmart has there around $150, then it is always wise to wait for a little letter from investors that they are ready to pay the first time, atm within three years, the highest price than before! As the JPMorgan survey says: more profitable is to buy when the market has made an all-time high than on any random day. Again, it will confirm that the timing/technical analysis plays a key role in investment decisions! * Considering technical analysis then the optimal buying zone should stay from current prices to $145. * First target is $180 and currently the major one should stay around $200 Good luck, Vaido
NYSE:WMTLong
by VaidoVeek
WALMART in need of a short term technical correction.Walmart has been trading inside a Channel Up since March and just formed a Higher High Top, same as on May 10th. The main Support is the MA100 (1d) and long term the MA200 which is holding since October 21st 2022. Trading Plan: 1. Sell on the current market price. 2. Buy at 152.00 as long as the candle is closing over the MA100 (1d). Targets: 1. 152.00 (bottom of the Channel Up and 0.5 Fibonacci level). 2. 164.00 Tips: 1. The RSI (1d) also formed a pattern that is consistent with market tops since 2022. Please like, follow and comment!!
NYSE:WMTShort
by TradingBrokersView
1
WalMart stock is accelerating!WalMart stock is accelerating! This chart shows the weekly candle chart of Wal Mart stock since the end of 2019. The graph overlays the golden section above the 2020 low point. As shown in the figure, the low point of Wal Mart stock in May this year just stepped back to 1.382 in the golden section of the figure, and the low point of the past three weeks just stepped back to 1.618 in the golden section of the figure! This shows that Wal Mart shares are in the early stage of accelerated growth, and the rate will probably break through the previous high! The next strong pressure level is the 2.000 position in the golden section of the graph (around 164.7)!
NYSE:WMT
by Think_More
Dollar General (DG) a recession stock is Trending UpDG had a swing low in mid-March. While it has retraced well, it is still 15% below the YTD high On the 2H chart, the retracement uptrend is accompanied by a persistent volume of about 2X that of March and before. I am supposing that with an early or light recession underway, value sensitive consumers are delivering DG more revenue from its retail operations and will continue to do so. The zero-lag MACD is showing a buy signal; I will take a long position and watch for signs of overextension or loss of directional strength as an exit in due time.
NYSE:DGLong
by AwesomeAvani
Walmart primary trend remains bullish.Walmart - 24h expiry - We look to Buy at 139.11 (stop at 134.61) Levels below 140 continue to attract buyers. The primary trend remains bullish. This stock has seen good sales growth. Preferred trade is to buy on dips. A higher correction is expected. Our profit targets will be 150.11 and 152.11 Resistance: 150.00 / 151.12 / 153.00 Support: 148.15 / 147.00 / 145.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:WMTLong
by VantageMarkets
WMT - Rising Trend Channel [MID TERM]- WMT is in a rising trend channel in the medium long term. - WMT has broken a resistance level in the short term and given a positive signal for the short-term trading range. - WMT has broken up through resistance at 146. - Overall assessed as technically positive for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price Verify it first and believe later. WavePoint ❤️
NYSE:WMTLong
by wavepoint99