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WMT trade ideas

WMT - Broadening Wedge - BearishWMT is currently showing an ascending broadening wedge pattern on daily timeframe. An ascending broadening wedge is a bearish reversal chart pattern. Where the upper line is the resistance line and the lower line is the support line. As we can see in the chart that its moves increase with higher magnitudes. This pattern should be traded when the price breaks out of the support line. In our opinion, it´s likely for the price to retrace and break out of the support line. When the price breaks out of the support line, a short position can be taken and the target can be targeted. All the details are shown on the chart. Goodluck!
NYSE:WMTShort
by vf_investment
2
WALMART may be approaching the end of this rallyWalmart Inc. (WMT) has been rising since the low of the June 13 2022 weekly (1W) candle. Along the way it broke above the key Resistance of the 1W MA50 (blue trend-line) and after it held the 1W MA200 (orange trend-line), it has established both as Support levels long-term. There are however two longer term patterns to consider that supersede those MA periods, and those are the Megaphone pattern since November 2020 and the Higher Lows trend-line/ Zone since November 09 2015. As the 1W RSI enters the Resistance zone that is holding since 2016 and only broke once, we have to start considering that the top is near especially as the price is approaching the Higher Lows zone of the Megaphone. As you see since 2016, every major test of the 1W RSI Resistance Zone hit at least the 1W MA50. This suggests that if you bought Walmart a few weeks back, you may start looking to book profits and re-buy lower either on the 1W MA50 or even a little lower, the closer to the Higher Lows trend-line, the better. If the price breaks first above the Megaphone's top (Higher Highs trend-line), it is an instant buy and a new bullish pattern will emerge. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:WMTShort
by TradingShot
Wall Mart showing short term opportunityHello, Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores from the United States. In Q2 2022, the Company delivered strong top-line growth globally, partially driven by inflation. Total revenue was $152.9 billion, up 8.4%, or 9.1% in constant currency. Walmart continues to have a positive projection into 2023. The company’s guidance assumes a generally stable consumer in the U.S., continued pressure from inflation and mix of products and formats globally. The stock is at a good place for buy in the short term. Target is USD 160. Good luck.
NYSE:WMTLong
by thesharkke
Walmart, Target unveil diverging economic outlooksWalmart and Target released diverging outlooks for the final quarter of 2022 as the companies' respective recent financial results show how rising inflation prompts consumers in the US to be extra mindful and plan their purchases instead of becoming abrupt buyers who will end up buying more than intended. The change in consumer behavior benefited retail corporation Walmart, which generates much of its sales from groceries, and somehow took away sales from big box department store chain Target, which is a destination more for top-up shopping. Consumers becoming extra careful of their spending can be attributed to inflation and concerns about the US economy heading into a recession. The annual inflation rate in October slowed to 7.7%, compared with the 8.2% in September, according to figures released in November. The latest figure is lower than the consensus estimates of 8% and marked the lowest inflation figure since Jan. 22. However, consumer confidence across the country fell during the month to a three-month low of 102.5 from a 107.8 reading in September despite the slowdown in inflation amid growing concerns regarding the economy. Opposing outlooks In the third quarter, Walmart upgrraded its financial outlook for the year after reporting an 8.2% growth in comparable sales and a sustained gain in market share of the grocery sector. On the other hand, Target downgraded its forecast for the fourth quarter following a 2.7% hike in comparable sales, attributable to a 1.4% rise in traffic growth and a 1.3% increase in average ticket. Since the release of their respective results, Walmart is up ~10% while Target has fallen ~8%. Target's failure to hit its profit and revenue targets for the quarter paints a picture of how consumers are becoming more selective of what they spend on. Saunders said the company's financial results show that people are now spending more on food and grocery staples and not as much on apparel and home goods, which provide better margins for the company. This is how the behavioral shift becomes beneficial for Walmart. The company prides itself on offering products at "everyday low prices." As Americans become more careful with their spending, this mantra becomes even more appealing. In addition, grocery items are always a necessity regardless of the soaring prices of products. With the bulk of its sales coming from groceries, this change could be very lucrative for Walmart. Possible ray of light for the economy Retail sales across the US in October saw a 1.3% uptick after being unchanged in September. Year over year, sales grew 8.3%. The better-than-expected growth in retail sales across the US in October suggests consumer spending has picked up early in the fourth quarter of 2022. According to Reuters, this could be beneficial for the US economy, especially amid fears of an incoming recession. Along with the slowdown in inflation, the solid retail sales for the month elicited cautious optimism that perhaps, the US economy could avoid the expected recession or at least only experience a mild downturn. But Target's warning of "dramatic changes" in consumer behavior that dragged its third-quarter sales still hangs in the air, eliciting concerns that it may affect sales over the holidays. Expectations for retail sales in November is a 0.9% rise. The National Retail Federation is forecasting holiday sales for 2022 will grow between 6% and 8% this year. If realized, the expected figure would be lower than the 13.5% hike recorded in the prior-year period even at top end of the range. Even so, it will still be higher than the 4.9% growth average over the past 10 years.
NYSE:WMT
by BlackBull_Markets
Walmart gap fill, will go down with a thrill?As we look at the Walmart chart we see a strong rally due to "earnings" but will the strength of the bulls last? I've been bearish on stocks for months now, expecting another swipe of the lows, or possibly even a new low in the coming weeks/months. Walmart is no exception to this outlook, we see a LARGE gap left behind from the last dump and now we're seeing a nice push up in the form of a bear flag that could lead to much lower prices. Below I will post a chart of the weekly chart for Walmart, it looks like it fell out of multi-year parabolic trend support, and is now retesting it as resistance. I believe Walmart will see much lower prices going into the new year, I'll be keeping an eye on how this develops. Remember, stay calm, level-headed, and don't follow the crowd, only the charts.
NYSE:WMTShort
by CryptoSyphn
Pain Ahead!Don’t get me wrong, the company is fabulous and earnings was rock solid in this economy but rallies end in euphoria. In my opinion so far the distribution is completed and the price is going to fall. Do you remember Amazon when it was around 3.5K and we had beats and 4K price targets everywhere? The same situation is happening right now as consumers suffer due to inflation. Monthly RSI has made a curve and is going toward oversold situation over time. My target is 105$ :) Obviously not a Financial Advice.
NYSE:WMTShort
by tantan470
Walmart expected move?Walmart resolution for the coming month is thoroughly examined without mathematical physics, but follows the range of trajectory from physics, put 2 crosses each simulating it's x-axis and y-axis, you can trace the time it takes for market makers to dilute the price of a stock if the companies don't follow it's projected position, walmart could, but not saying it would, follow a 40% decline the next 15-20 trading days. This analysis is purely speculative, following 11/15/22 is their earnings day, and their success on earnings can change the direction of Walmart at the market maker's discretion, concluding this analysis to be taken at grain of salt, and NOT *financial advice*, always follow anyone's thesis with due diligence. profit taking 1: 135 profit taking 2: 129 profit taking 3: 115 } Aggressive shorting profit taking 4: 105 } Aggressive shorting profit taking 5: 95 } Aggressive shorting profit taking 6: 84 } Aggressive shorting
NYSE:WMTShort
by PepeJTheTrader