Wal mart breakout set up trifecta Walmart has a bull flag, and a ascending triangle with a descending triangle breakout set up. The trifecta
WMT trade ideas
WALMART SUPER CYCLE PEAKThe chart posted is that of WMT Walmart I am now stating this stock bull run from1985 has ENDED first target 122 a final low is 85 a share I saw this forming on the weekly and was in court the other day and wanted to post but was exhausted .This should drop like Meta and last year
Is Walmart stock sinking?Is Walmart stock sinking?
Walmart Inc. has revised its earnings per share forecast from 6.40 USD to 6.48 USD, significantly below market expectations. In addition, the company's revenue projections have deteriorated. Against the backdrop of decreasing inflation in the US, there has been a sell-off of the issuer's securities. Concerns about competition with the e-commerce sector have re-emerged.
Today, let's focus on the Walmart Inc (NYSE: WMT) stock chart.
On the D1 timeframe, resistance has formed at 169.94, but support has not yet been established. The important historical levels were broken through during pre-market trading.
On the H1 timeframe, if the downward trend in the asset continues, the short-term target may be placed at 148.82. In the medium term, the target may hover around 145.14.
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11/16/23 earnings watch11/16/23 earnings watch:
11/15 post-market: panw csco sqm cpa sono pflt jjsf maxn pnnt gamb ttek rmr vnet snex uti game iiiv klic mms mor.
11/16 pre-market: baba wmt m ntes nice wsm arco bbwi wmg ssys dole bv plce sr brc ddl eltk onew scvl atat bery.
WMT: Outlining a Long Strategy Through EarningsRetail earnings season is upon us. So far, FactSet notes that 92% of the S&P 500 has reported Q3 results, and the total beat rate is strong at 81% - the highest since Q3 2021. What’s more, the blended EPS growth rate is now seen at +4.1% - the first positive YoY earnings growth rate quarter in a year. Analysts have turned more optimistic about how Q3 progressed, perhaps not surprising since last quarter’s GDP growth rate surged past most economists’ expectations from the summer.
All eyes are now on the consumer sectors. Major Staples and Discretionary names report Q3 profit figures this week and before Turkey Day next week. I'm going to home in on Walmart (WMT). The largest big-box retailer has been on an impressive uptrend, sharply outpacing the Consumer Staples sector and S&P 500 over the last year. Let’s check out the chart to see if more gains are ahead.
Overall, I like the trend and would prefer a long play into and through earnings. According to Option Research & Technology Services (ORATS), WMT is expected to move plus or minus 3.1% after reporting in the premarket on Thursday. With 20.4% implied volatility, the $447 billion market cap retailer has beaten bottom-line numbers in each of the previous 5 reports with shares trading higher post-earnings in 4 of the last 5 instances. Analysts expect $1.51 of operating EPS and there have been three analyst upgrades of earnings recently.
As for the chart, the uptrend is impressive. Shares are basically at all-time highs near $166 and the long-term 200-day moving average is positively sloped, indicating that the bulls are in charge. WMT has held that indicator line on a host of occasions since Q1 this year. What concerns me, though, is somewhat weaker RSI momentum readings as shares have marched higher - I would like to see momentum and price confirm each other to support a bigger and more sustained move up into year-end. For now, long with a stop under the early October low of $151 (and rising 200dma) appears as a favorable way to play it this week. Based on the $152 in October and call it $166 resistance, a bullish measured move upside price target is $180.
#WMT#Walmart (WMT) stock trades at $166.03, with a market capitalization of approximately $447.1 billion and an enterprise value of approximately $498 billion. A closer look at the financial metrics reveals earnings per share (EPS) of $5.2138 and strong cash flow, with operating cash flow per share of $14.1336 and free cash flow of $7.2339. Walmart's current ratio is 0.8267, which maintains liquidity even though it indicates tighter working capital management.
Its asset base is supported by a solid book value of $29.5417 per share and a tangible book value of $21.274 per share. Meanwhile, shareholders' equity is $29.5417 per share, interest-bearing debt is $24.991 per share, and the debt-to-equity ratio is 0.8145, indicating significant leverage.
Walmart's valuation multiples, such as a price-to-earnings ratio of 31.8591, a price-to-sales (P/S) ratio of 0.7087, and a price-to-book (P/B) ratio of 5.6228, indicate that the company is relatively valued. Current Market. Additionally, enterprise value multiples such as EV/Sales 0.7894 and EV/EBITDA 14.3509 indicate the market's expectations for future growth and profitability.
The company has a modest dividend yield of 1.3665% and a sustainable payout ratio of 0.4347, indicating a cautious approach to returning income to shareholders. Additionally, an earnings quality ratio of 2.7204 indicates solid profitability.
Technically, Walmart appears to be at the peak of the fifth wave of the Elliott Wave pattern, with the RSI indicator on the 4-hour chart approaching overbought territory. This indicates that a correction phase may be coming. Therefore, it may be prudent to hold off on buying the stock for now. Investors interested in Walmart should watch for a pullback to support around $151, which could signal the start of the next bullish wave and where it may be advantageous to establish a position.
All in all, Walmart stock demonstrates strong financials, and its premium valuation multiple suggests market optimism. However, with technical indicators pointing to a potential near-term correction, the strategic approach will include waiting for a more favorable entry point while focusing on the longer-term fundamentals that support the company's health.
WMT NeutralWMT Multi-Decade long triangle forming, imminent break-out expected into the $200's+
If breaks can see $152 as support.
WalmartWe are in the correction, and I think it will continue for more time.
But the Trend is still Bullish in the long-term.
Follow for notifying more Analysis.
Boost, Comment for signal, and more.
WMT Going Up and Then Going DownWMT strongly bounced from a major support level on 6 October. This level is also the 38.2 retracement level of impulse wave 5 of the motive wave. WMT may go up a couple of days before coming down to retest this level again. Given how strong this support level is (look to the left of the chart), I expect WMT to go up after retesting this level.
It seems that WMT is now in the process of forming B wave of A-B-C corrective wave. The corrective wave need not necessarily be an A-B-C zig-zag pattern. Hence, this is only a very approximate guess that I am making. But if it is indeed so, then WMT may go up to 160 resistance level before beginning a downtrend (C wave).
WMT Short This trade is with the trend, and there is a pattern on M15 and M30, there is a double top on M15 and M30 with divergence, this trade has a tight stop loss but a very high target that is expected to reach.
WMT correction time#WMT broke down below 155$ after got ATH at 166$.
We can see WMT end of bullish wave at this time. My plan will wait for WMT back test at 160-162 to create HNS before flush down to 154/151/143$. This plan will be failure if WMT close above 163$
Short on WMT. (Walmart)
As you can see in the pic above. We are overextended in the top of the bollinger bands. The P/E Ratio is higher than 15 so it could signal that WMT is overvalued. We have bounced off the Bollinger band and we are over-extended from the VWAP. This could be a hold-for-a-month type of play.
WALMART One of the steadiest stocks you can buy!Walmart / WMT broke through the 1day MA50 and is testing the bottom of both the short and long term Channel Up patterns.
This is the first technical buy entry of this sequence, with the second being on the 1day MA100 and as long as no 1day candle closes under it.
Buy and target 168.00 (Fibonacci 1.236 extension).
Note: The 1day RSI also has clear Support levels that you can use in combination with the MAs.
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$WMT shortWalmart was rejected from the upper line of the rising channel, and the new price movement could be the lower line of the channel (also there is a support line there)
price target for short position $160.
a breakout above the channel should be stoploss.
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
Walmart Inc: Bearish Alt Bat and Rising Wedge w/PPO ConfirmationWalmart has formed a Rising Wedge into the PCZ of a Bearish Alternate Bat, and as it's made its way to the PCZ, the PPO has given us both a Bearish Confrimation Circle and 3 Falling Peaks. If this plays out, I think WMT could easily see $130, but there is room for it to go down to as low as $90.
📈📊 #ChartPattern Alert! 📈📊 📈 Rising Wedge 📈📈 What is a Rising Wedge? The Rising Wedge is a bearish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bearish reversal, with the price likely to break downward after the wedge pattern.
📈 How to Identify:
Draw a trendline connecting at least two lower highs (upper trendline).
Draw another trendline connecting at least two lower lows (lower trendline).
📈 What it Signals: The Rising Wedge suggests a potential bearish reversal, with sellers prevailing at lower highs within the wedge. It often forms during uptrends and can precede a significant price move to the downside.
📈 Trade Strategy:
Consider short-selling or setting stop-loss levels if the price breaks below the lower trendline of the Rising Wedge.
Set profit targets based on the pattern's height subtracted from the breakdown point.
Implement a stop-loss to manage risk in case of a false breakdown.
Remember to use other technical indicators and conduct thorough research to support your analysis before making any trading decisions. Happy charting and trading! 📉💹
WMTHi ....folks that is clear as acrystal that where is suitable for entering in short position on Walmart share ......170 even number -----178usd .......respect to parallel channels ....!!!1
if you are using my signals please booost my posts.....
Goooooood Luuuuuuck
Walmart soon to drop a bitStarting today I will post a what I think, it's not financial advice just trying to keep track of my trades
Symmetrical TrianglePrice broke up from the rising wedge but fell shortly thereafter.
Possibly the RW corrected with pull back.
No recommendation.
