WMT:Consumer spending declining?Walmart
Short Term - We look to Sell at 127.66 (stop at 133.76)
This stock has recently been in the news headlines. They issued a profit warning ahead of earnings. Our outlook is bearish. A firmer opening is expected to challenge bearish resolve. Resistance is located at 128.00 and should cap gains to this area. Preferred trade is to sell into rallies.
Our profit targets will be 112.83 and 108.00
Resistance: 136.00 / 145.80 / 160.00
Support: 112.80 / 105.00 / 85.00
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WMT trade ideas
WMT-SELL strategyThe after market already is trading @ 118.66 close a large decline. The stoch RSI already was negative during the trading day as a note.
It is likely we will test little lower, perhaps 113-115 area before market may stall a little. The NEW MOON phase we are going to be in will keep pressure on stocks in general. Ultimately we see WMT somewhere 100-102.
WMT SELL +++ Next support $108 rangeAlready have a position, posted couple days ago. WMT was overbought on several time frame and chart indicators and yet continued to rise in the bear market rally to my chagrin. WMT cuts profit outlook after hours. Who could've possibly seen this coming!? WMT I have been in and out of twice since posting on July 12th where I didn't think WMT could go past $130. Seems it made it to $133, I am overloaded on puts and as soon as this morning I was calculating my breakeven point with only 9 days left til expiration. $108 I believe is next strong support. WMT printed $118's after hours and will likely see under $110 by next week this will likely be a weight on the market tomorrow along with the FED meeting Tues/ Wednesday. GL.
Rectangle//OUCH!Must have been some really bad news WMT decided to spit out when perhaps it did not have to.
I suppose they were being honest?
I am not sure exactly what on earth it was but I plan to find out.
No recommendation/ES if price breaks support of lower trendline.
I am guessing this will affect other stocks in the sector like TGT, maybe even COST. Dunno )o: COST has a borderline bearish chart right now.
WMTAnother earnings play....
One thing I noticed today is that they pumped retail. I think it's doing rangebound trading here so a short term opportunity. Earnings will suck, wage inflation will eat into their profits.
Keep an eye on all of the big tankers from last quarter like TGT, etc. Plenty of room for them to do another huge gap down, just look at long term charts. They need to get rid of the parabola.
Walmart (NYSE: $WMT) Trading Under Golden Pocket! 👌Walmart Inc. engages in the operation of retail, wholesale, and other units worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications. The company offers grocery and consumables, which includes dairy, meat, bakery, deli, produce, dry, chilled or frozen packaged foods, alcoholic and nonalcoholic beverages, floral, snack foods, candy, other grocery items, health and beauty aids, paper goods, laundry and home care, baby care, pet supplies, and other consumable items; and health and wellness products covering pharmacy, over-the-counter drugs and other medical products, and optical and hearing services. It also provides gasoline stations and tobacco; home improvement, outdoor living, gardening, furniture, apparel, jewelry, tools and power equipment, housewares, toys, seasonal items, mattresses, and tire and battery centers; and consumer electronics and accessories, software, video games, office supplies, appliances, and third-party gift cards. In addition, the company offers fuel and financial services and related products, including money orders, prepaid cards, money transfers, and check cashing and bill payment, as well as various types of installment lending. It operates approximately 10,500 stores and various e-commerce websites under 46 banners in 24 countries. The company was formerly known as Wal-Mart Stores, Inc. and changed its name to Walmart Inc. in February 2018. The company was founded in 1945 and is based in Bentonville, Arkansas.
Walmart stock close to be in a big bearish movehello,
Walmart is in critical stage because we are close to break down an important level
what we should keep eye on is these level bellow, when they are broken with a nice volume the stock will have a free fall toward the other level shwon on myu chart.
Remeber that i am not using cristal ball predicting markets' future but i try to be more effecient end mor rationnal on may markets analysis.
Do not hestate asking me some markets' analysis' i will be glade to answer you
Good luck
Walmart Speculated Bear SqueezeWalmart is one of those stocks not very trusted to trade with, apparently Walmart was manipulated by a whale to prevent it from falling, causing maximum pain, of course i had a 97% loss from this manipulation, Target, Dollar General, Costco, Lowes, Home Depot and more consumer based stocks took the pain that was EXPECTED from the CPI report, but oh man didn't walmart pull a U-turn.
Of course being manipulated, the whale to whoever pulled this stunt, did a bearish sweep for 115 for walmart expiring 6/17.
Additional information to my research, walmart had a lower high when this started vs other consumer preceded lower on the RSI, signaling i shouldve pulled out. Damage is done, and can only learn from experience.
Walmart profit goal for next week hidden bearish divergence in the RSI;
1. 118
2.115
3. 108
4. 105
NOT FINANCIAL ADVICE, always do your own due diligence
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What to expect from Walmart. I wouldn't buy if I know this.There are a lot of people saying about buying now, giving signals like if there is no tomorrow, like if buying stocks is free... I don't see the point in buying anything for the long term right now because of many different reasons:
1. April Consumer Credit +$38.07BN, Exp. $35.0BN . The revolving credit increase was $17.8BN. The second-highest on record.
When investors devote too much of their cash to equities in aggregate, the market underperforms over the next ten years. This predicts that stocks will produce lower-than-average returns over the following ten years. While you don't have to shun equities entirely, you should adjust your expectations properly. Alternatively, wait for the stock allocation to drop down considerably before buying, which can happen if the market truly capitulates.
The average stock allocation of investors is presently close to 50%, which is the second-highest level in history. Equity prices will fall over the next decade unless investors maintain a larger stock allocation (which I believe is improbable) - by about 4% each year over the next decade.
2. The US consumer sentiment index from the University of Michigan goes back to 1952 . It has never been lower than it is today.
3. Earnings Recession . With the first quarter earnings season nearly complete (97% of companies reported), S&P 500 earnings are down 14% versus Q4 2021 and up less than 1% year-over-year.
4. Critical shortage . The baby formula shortage continues to worsen, with 74% of stores across America out-of-stock (a year ago the rate was less than 5%). 10 US states now have out-of-stocks rates that are 90% or higher, including the most populous state (California).
5. U.S. Inflation
Dec '20: 1.4% (Trump's last full month in office)
Feb '21: 1.7%
Apr '21: 4.2%
June '21: 5.4%
Aug '21: 5.3%
Oct '21: 6.2%
Dec '21: 7.0%
Feb '22 : 7.9% (Putin invades Ukraine)
Apr '22: 8.3%
6. Walmart is making offers in order to sell some stock that they have , which may change the psychology of the clients making them think that the quality is becoming worst and also becoming hard to rise prices in the future.
All these points combined (inflation + shortage + fewer earnings + lower consumer sentiment + people investing money they cannot afford to lose) make me think that investing in Walmart right now can be an 8-10 years trap where you would lose even less by just leaving your money under your bed.
7. The technical analysis neither seems good as you can see. With all these conditions is something expectable that Walmart goes at least to the 61.8 Fibonacci level or even to 55$ per share...
This is not a recommendation for buying or selling, this is just an analysis to make people have a more global vision before falling into the traps of the people that invite you to buy at this level.
WMT Supply / Demand (possible scenario) Please take a look at the chart (zoom in and out to see it clearly)
Currently WMT is located in the demand zone, the best time to enter in my opinion -when WMT close above demand zone for the 2nd time, as you can see it usually move (close) above the demand zone
then dive back in to demand zone, then "dance" in the demand zone -showing higher lows and when it moves out for the second time above demand zone and close above it ,that when the rally begins .
Not financial advice.
Do you have a Reward to Risk ratioIn the world of trading, do you know what a Rw/Rs (Reward to Risk) ratio is? if you dont this article will be beyond your understanding. I suggest you read up on Reward to Risk ratio & come back to read this. If you do know what a Rw/Rs ratio & assume most of you do, we can continue our merry trade discussion ;D
My Rw/Rs ratio for Swing trades that i take on a Weekly (W) chart is factor of 4 to 6, am happy to see more. with my Day trading strategy; am a little more aggressive & will settle for a Rw/Rs factor of 3-4 to take on a day trade.
Once a while, a trade opportunity arises that offer such a large room for Reward to run, as in this (W) chart of WMT WalMart Corp. if the trades goes my way, look at this room for profit to run, with no resistance of supplyzone in sight this can go up.....sweet mama, she got my attention.
First; (Disclaimer) I will never take a trade solely based on a sweet Rw/Rs the odds are not in my favour. Back to the trade. So i have a sweet Rw/Rs ratio what else is going on? Price is crashing into a DZ from the (M) & this DZ happens to be the HL of the month (M) uptrend. This is good, The week (W) price chart is into the long-term chart DZ (Demand zone). This qualifies only if the (M) is still in a technically defined in uptrend. This is a Classic trade set-up I love.
Like a Snipper I set my LNG (long) entry at 117 level slightly above the lower band of the DZ, my entry was so low that my risk was less than a dollar before my STP triggers. I took the Long position, the market rallied & so did WMT, & I closed 1/2 my position once price reached 128, I took a good 10 Rw (Reward) pressure if off. already the trade made its money. & I let the 1/2 of the position run. Lets see how it goes when the market is open on Monday. This was a swing trade using the (W) chart to identify the setup. Long-term would be the (M) chart & I used the (D) daily chart to enter & set my STP.