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WALMART INC

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WMT trade ideas

WMT price movement day after earningsHot Potato Trader here, what is up fellow trader! Earnings range based on historical data and option priced move. WMT is going to report earnings on November 17, 2020 before market open on TUESDAY . The options market overestimated WMT stocks earnings move 67 % of the time in the last # 12 quarters. Key Points : - A single earnings report can bring volatility , volume , and interest to an asset. - Options market overestimated WMT stocks earnings move 67% of the time in the last 12 quarters. KEY LEVELS : Previous day close price: S152.44 VWAP: 152.21 Expected Move: 4.1% ($6.25) This Move: 2.3% ($3.50) Expected Move: $6.25 low: $146.19 high: $158.46 This Move: $3.50 low: $148.70 high: $155.71 WMT is expected to stay within price range $146.19 and $158.46 with a confidence level of 6.7 /10 Note: A potential catalyst such as recent news could take WMT outside the range. In this event, the catalyst would be considered significant. And identified as an outlier will be identified as bullish or bearish . A 4.6% move on earnings will be considered. The stock has averaged a 2.0% move in recent quarters. Thanks for reviewing my idea and constructive criticism is welcome.
NYSE:WMT
by HotPotatoTrader
Walmart setting up for ATHBeen somewhat lazy the last few weeks and its reflected in my trading with missing some good setups. Catalyst would be earnings report on Tuesday, its expected that WMT beats however I would expect a slight pull back after, some consolidation before a move a bit higher, again. 151.33 currently is the ATH, I am expecting that to break Monday as we see some continuation running into earnings. I would not play earnings as nearly everything regardless of outcome has dropped off after. 139.68 Is going to be your first retracement level based on the March lows. 145 area is where I will be looking for a pull back and hopefully find support. If support and consolidation is found here I will most likely take a 2-4 week call option in the 155 strike price range. 138 area I believe this is an area of concern as well and a decent area to expect it to drop if we dont hold the 145 zone. Most likely a scalp on Monday with a fairly tight trailing stop After earnings sit on hands and see which direction we go. If we can pull back watch the areas mentioned, remember shopping season is coming and a rotation into consumer retail is to be expected......... However we do have Covid and the media is hyping it up again. Last week the rotation out of tech was strong, stay at home stocks fell despite the hype of covid and travel stocks gained. Market is not following any logic in my opinion. Info below from Barchart 14 Day RSI at 80% 162.69 154.22 3-10 Day MACD Oscillator Stalls Pivot Point 2nd Level Resistance 153.08 14 Day RSI at 70% 152.06 Pivot Point 1st Resistance Point 151.81 13-Week High 151.33 52-Week High 151.33 High 150.93 High 1-Month High 150.93 Last 150.54 Last 149.66 Pivot Point 149.34 14 Day %k Stochastic Stalls Pivot Point 1st Support Point 148.40 Previous Close 148.23 Previous Close 148.22 14-3 Day Raw Stochastic at 80% Low 147.52 Low 146.87 14-3 Day Raw Stochastic at 70% 146.54 14 Day %d Stochastic Stalls Pivot Point 2nd Support Point 146.25 145.88 Price Crosses 9 Day Moving Average 145.75 38.2% Retracement From 4 Week High 144.40 Price Crosses 9 Day Moving Average Stalls 144.15 50% Retracement From 4 Week High/Low 144.15 14-3 Day Raw Stochastic at 50% 143.61 Price Crosses 18 Day Moving Average 143.56 14 Day RSI at 50% 143.06 38.2% Retracement From 13 Week High 142.78 Price Crosses 18 Day Moving Average Stalls 142.55 38.2% Retracement From 4 Week Low 142.30 Price Crosses 40 Day Moving Average 141.44 14-3 Day Raw Stochastic at 30% 140.50 50% Retracement From 13 Week High/Low 140.08 14-3 Day Raw Stochastic at 20% 138.24 3-10-16 Day MACD Moving Average Stalls 137.94 38.2% Retracement From 13 Week Low 1-Month Low 137.37
NYSE:WMTLong
by HJMthe3rd
WMT 12/24 target $156WMT day before Christmas, 12/24 target $156. Walmart, like other retailers, has seen more of its sales shift online during the coronavirus pandemic. Yet even before the global health crisis, the company focused on using its numerous stores as an advantage over Amazon and other competitors. Do your own due diligence, your risk is 100% your responsibility. Good luck and happy trading friends... *3x lucky 7s of trading 101* 7pt Trading compass: Price action Volume average Trend momentum Current events Revenue & Earnings Debt / Cash Book value 7 Common mistakes: +5% portfolio trades Bad risk management Emotions & Opinions FOMO Lack of planning & discipline Forgetting restraint Repetitive errors 7 Important tools: Trading View app Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big organized desk Reading books Brokerage UI Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price www.tradingview.com
NYSE:WMTLong
by Options360