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Walmart Technical Analysis - Walmart Trading: 2024-10-25
Walmart Technical Analysis Summary
Above 83.23
Buy Stop
Below 80.68
Stop Loss
| Indicator | Signal |
| RSI | Sell |
| MACD | Buy |
| Donchian Channel | Neutral |
| MA(200) | Buy |
| Fractals | Buy |
| Parabolic SAR | Buy |
Walmart Chart Analysis
Walmart Technical Analysis
The technical analysis of the Walmart stock price chart on 4-hour timeframe shows #S-WMT,H4 is poised to resume climbing above the 200-period moving average MA(200) after hitting all-time high two days ago. RSI indicator is at the boundary of overbought zone. We believe the bullish momentum will resume after the price breaches above the upper Donchian channel bound at 83.23. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 80.68. After placing the order, the stop loss is to be moved every day to the next fractal low indicator, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (80.68) without reaching the order (83.23), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Walmart
Walmart stock price resumed advancing after news it will pay $7.5 million to resolve California hazardous waste charges. Will the Walmart stock price continue advancing?
California Attorney General announced Walmart will pay $7.5 million to resolve charges it sent thousands of containers of toxic aerosols and liquid wastes including spray paints, rust removers, bleach, pesticides and medical waste to California landfills between 2015 and 2021. He also said Walmart regularly failed to protect customers' personal identifying information by disposing of customer records without first making the information impossible to read. Without admitting wrongdoing, Walmart agreed to pay a $4.3 million civil fine plus $3.2 million to cover legal costs. The retailer also agreed to hire an independent auditor to conduct waste audits at its California facilities over the next four years, and to improve its current hazardous waste programs when necessary or to comply with changes in the law. Walmart has 309 stores, including Sam's Clubs, in the state. Walmart stock closed up on the day after the announcement. Settlement of a lawsuit is bullish for a company stock price.
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