WMT trade ideas
Hit a top, get ready for a short entryEarnings came out, lots of positive news on the e-comm side of things but WMT didn't take off on the upside.
From what I see, this is not a good sign plus the stock price needs to take some healthy profit taking.
Taking on a short position using Dec 18 Puts
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.
A clear pattern: Walmart earnings call warns short.After every Walmart earnings call from the past 5 years has a decline of on average $5 that occurs within a week after earnings call. My method is as follows: A day before I bought a put option on Walmart which expires in 12 days. I will hold this put option for a maximum of one week and wait until WMT stock falls to about $145-$148 per share.
$WMT looks bullishLooks extremely bullish - definitely watching this stock. Will buy at pullback @ $147 near the Blue line (Tenkan Sen)
(1) Price above Kumo
(2) Future Kumo bullish
(3) Senkou span A & B with positive slope
(4) Both Tenkan Sen & Kijun Sen have +ve slopes
(5) Chikou Span above the price & free to go up
(6) ADX > 25
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
WMT ER Run up. Next E-Commerce Powerhouse?WMT continues to show strength to the upside even when the market overall is down. Walmart Plus attempting to compete in the marketplace with Amazon.
Projected Price For Friday 11/13Based on all the indicators, and a potential sell off on Friday. WMT is set to drop a minimum of $1 per share.
Strong Short Opportunity For WMTBased on the indicators I see WMT as a strong sell. If the stock rises at all Thursday, I will be buying in a position to short.
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...
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WMT To Retest Support Walmart is in a position to retest support at 144.41 a share. This could be a buy opportunity if it does not fall below the given price. Monday cannot come soon enough!
its almost ready for calls :D WMT- look for a test of 155, its not a parabolic breakout but it can still payout on calls. im looking for a break of 150, buy the breakout and sell at 160-170. goodluck :) leave a like if you found this helpful <3
$WMT$WMT is at the verge of a breakout.
It's in strong uptrend and making HL and HH. If could make a successful breakout
we may see it around 150 level and a new ATH.
WMT A Sell On The 45min ChartBollinger Bands about to drop initiating a sell signal.
Sell signal Activated on Divergence+
Higher than usual RSI of 68.88
MACD about to curve downward
Still watching, but I can see WMT falling below 141.43 as labeled
Follow for updates and active trades
Bullish on WalmartMACD suggests the price could go down lower and follow the red path, and with all the current macro economics it would make sense. However, Walmart bounced off support and with shopping season right around the corner we may see a breakout above the triangle. Bullish in the long-run regardless on the next few days
