$WMT with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:WMT after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
WALM34 trade ideas
WMT Walmart Options After The EarningsIf you haven`t bought WMT Walmart here:
Or sold it here:
Now Analyzing the options chain of WMT Walmart prior to the earnings report this week,
I would consider purchasing the $155usd strike price Calls with
an expiration date of 2023-7-21,
for a premium of approximately $4.10
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
WMT Earnings tomorrow morningWMT basically triple topped with accumulation significantly lower than 2021 (not shown because I don't want to change my template, lol)
I don't think earnings will be good enough to justify this recent runup the past couple of months, bought some puts.
Remember, earnings is a complete crap shoot, the market pumped TGT on poor guidance today, lol.
Walmart’s controversial financial image
Shares in Walmart, Inc. (symbol ‘WMT’) managed to recover from the losses incurred in the first quarter of the year and is currently in profit area testing the latest high of November 2022. The company is expected to report its earnings for the fiscal quarter ending April 2023 on Thursday 18th of May, before market open. The consensus EPS is $1,30 compared to the result for the same quarter last year of $1,30.
‘ The financials of the company are flashing “caution” signals all over the place. The net profit of the world’s largest retailer dropped by 15% year over year as of 31/01/2023 while the assets to liabilities ratio dropped also from 1.51 to 1.46 indicating the liabilities are growing while assets are declining in value on the financial statements. Dividend yield is at the low area of 1.49% while the payout ratio is at 53% which is not bad nor good news for investors. ’ said Antreas Themistokleous, an analyst at Exness.
On the technical side the price is trading in an aggressive bullish momentum after the first quarter and is currently testing the upper band of the Bollinger bands which is acting as a resistance on the price at the time of this report.
While the 50 day moving average is still above the 100 day moving average and therefore validating the bullish trend the $150 area is a strong technical support level since it consists of the psychological support of the round number, the 20 day moving average and is also just below the 78.6% of the monthly Fibonacci retracement level.
The Stochastic oscillator is in the extreme overbought area possibly indicating that a minor correction might happen before we see a continuation of the upward moving trend.
WMT Rising wedge On the chart we can see a rising wedge.
The price broke down of the pattern.
We are expecting the price retest previous support and confirm it as a resistance, which would be our entry for the short position.
Stop loss: 155.14
Target: 138.44
walmart forecast future abc patternim forecasting a sell off from B leg of the ABC pattern after the 5th Elliot wave is completed. There will be a bullish abcd pattern set up w/ a D leg sell off from the retest of the highs
Walmart short on 45 minWe are expecting the stock to hit the strong resistance and the rejection of the price.
Enter when the the price hit the resistance at 154.48.
Stop loss at 154.83
Taking profit at 149.94
WMT symmetrical triangleWhat we can see on the chart is the symmetrical triangle which is neutral formation therefore we should wait with taking position as it may breakout to the upside or to the downside.
How to trade:
Enter long or short position once the price breakout of the triangle.
Targets for longs and shorts are shown on the chart.
In order to avoid trading the fake breakout, look for a volume surge.
Good luck
Walmart vs eurodollarNow, if the fed pivots may 2nd.. i'd expect walmart to fly sky high to new highs.. but theres a recession coming. Aint nobody going to buy walmart into new highs in the face of a recession. me thinks ****s about to hit the fan.
Walmart primary trend remains bullish.Walmart - 24h expiry - We look to Buy at 139.11 (stop at 134.61)
Levels below 140 continue to attract buyers.
The primary trend remains bullish.
This stock has seen good sales growth.
Preferred trade is to buy on dips.
A higher correction is expected.
Our profit targets will be 150.11 and 152.11
Resistance: 150.00 / 151.12 / 153.00
Support: 148.15 / 147.00 / 145.00
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Short Walmart to 142.50Entry: 150.75
Stop: 151.15
PT: 142.50 (gap fill)
Risk to Reward (R/R): 20.62
Walmart looks overextended and has rejected 151 3 times including today. Stop is placed at 151.15, a few cents above the recent high of 151.12.
Low risk / high reward!
Walmart: Within Reach 🙌Ever been to the supermarket and couldn’t reach the topmost rack? Walmart seems to have a similar problem, struggling to let go of the mark at $150.12 to hit the turquoise zone between $152.54 and $161.76. However, we expect the share to touch at this area soon to finish wave B in turquoise. This done, it should turn downwards, returning below $150.12 and slipping further below the support at $136.09 to complete wave (A) in magenta. After a short counter movement back above $136.09, the share should drop below the support at $117.27 and into the gray zone between $116.49 and $105.01 to place the final low of wave IV in gray, which should then initiate a new upwards trend. There is a 37% chance, though, that Walmart could shoot through the turquoise zone and conquer the resistance at $161-76 directly.
WMT short below 147$#WMT can short when it below 147$. With huge volume Insider sold out .
TP : 141$ TP2 : 132$
SL : above 149$
Patience... then downsideWalmart is approaching a key area of resistance between $151 - $153 on the weekly. If we look below at the RSI trend, it can serve as a double confirmation as there is a trend line also approaching its resistance.
Once Walmart hits that early 150's range, we can look to the downside.
Not financial advice, good luck to all :)
Here is a opportunity to short WMT. First, WMT's index has reached a resistance level at the previous high.
Second, the MACD has formed a bearish divergence, indicating an upward trend in the index, but the MACD histogram is smaller than before.
Third, the deviation of the moving average is large, suggesting a technical requirement for convergence. Therefore, WMT presents a short selling opportunity for today's intraday trading.
WMT - Rising Trend Channel [MID TERM]- WMT is in a rising trend channel in the medium long term.
- WMT has broken a resistance level in the short term and given a positive signal for the short-term trading range.
- WMT has broken up through resistance at 146.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
Walmart diamond top / H&S with targets below $WMTHead and Shoulders. Diamond top. Insider selling to the max. Bank nonsense. The drop to create bottom of diamond dwarfs the covid drop. Walmart would theoretically do well wen recession but not sure if the stock will hold up based off these technicals.
long position on WMTMy strategy is based on price action with the reading of certain indicators that I like while respecting all the values that define the stock maket
Elliot wave counting in the WMT stockHello,
Elliot Wave theory is a technical analysis method that is commonly used in trading to analyze price movements in financial markets. It is based on the idea that prices move in repetitive patterns, and that these patterns can be used to predict future price movements. When applied to Walmart stock, Elliot Wave analysis can provide traders with insights into the stock's price movements and potential future trends.
According to Elliot Wave theory, price movements in financial markets follow a repetitive pattern that can be divided into five waves. These waves can be used to identify the direction of the current trend and predict potential future price movements. Applying this theory to Walmart stock, a trader may look for the five waves in the stock's price movement and identify potential buying or selling opportunities based on the direction of the trend. By analyzing the patterns and trends in the Walmart stock price, traders can use Elliot Wave theory to make informed decisions about when to enter or exit the market, as well as when to place stop-loss orders to minimize potential losses.
As per this chart we are in the corrective phase for more upside.
Good luck!
Walmart (WMT) Has A Falling Wedge!Wal-Mart (WMT) has a falling wedge on the daily timeframe. The stock closed above the 200MDA 2 days in a row (last Thursday and Friday)! On the second day it also closed above the 50MDA! Last but not least, the second day closed with more buying volume and pressure than the day prior. Also, the upper trend line of the falling wedge pattern, was touched three times! Therefore, the aforementioned confluences are strong signals for price to increase over the next few weeks.
Harmony,
MrALtrades00
*This is not financial advice.
Is it a good time to invest in Walmart stock?Amidst the global economic and political turmoil marked by high inflation and surging interest rates, some things remain constant, like people buying groceries at Walmart. However, the stock price of the world's largest retailer by revenue has dropped by 13% from its all-time high in April last year. The question is whether it's a good time to invest in the company or hold back.
In the fiscal year that ended on January 31, 2022, Walmart's revenues stood at $611 billion, a 6.7% increase from the previous year. The same-store sales in the US or comps increased by 6.6%, and the e-commerce revenue in the country rose by 12%. Sam's Club warehouse brand sales also increased by double-digit percentages.
Despite its already vast base, Walmart's revenues grew at a rapid pace, but the macroeconomic factors weighed on its margins. Gross margins fell from 25.1% in the fiscal year 2021 to 24.1% in the fiscal year 2022. Operating margins also fell from 4.5% to 3.3%. The rising costs of commodities and supply chain costs are responsible for this decline.
During the Q4 2022 earnings report, the CEO stated that "In periods of inflation like this one, middle-income families, lower-middle-income families, and even wealthier families become more price sensitive." He also said, "Because of its price structure, Walmart should still be in a good position to perform well." The management expects the company's revenues to grow by 2.5-3% in the fiscal year 2023, which is more aligned with its historical performance.
Walmart is an attractive investment for several reasons in the current economic and market environment. It's a stable and long-established company that has been in business for over 60 years. The company's massive size allows it to offer low prices continuously, which is particularly important during economic downturns.
Additionally, Walmart is a consistently profitable company, with a net income of $11.7 billion last fiscal year. The company's bottom line looks appealing in times when investors favor solid assets over speculative growth stocks. Moreover, the company has been paying dividends since 1974, and the payments have increased each year. The management has enough flexibility to keep increasing the payout.
On the other hand, some investors may choose not to invest in Walmart. The company's scale is an advantage, but it also means that it has limited reinvestment opportunities. Its sales have grown at an average annual rate of 2.7% over the past decade, in line with the US GDP growth rate. The company doesn't seem to have any room for expansion to outpace the economy.
Furthermore, Walmart's stock price has only risen by 93% over the past ten years, compared to the S&P 500's growth rate of 152%. The company's inability to outperform the market during a time when asset prices were at their best due to quantitative easing does not bode well for its future earnings potential.
Finally, Walmart's current valuation may not justify its price. The company's stock trades at a trailing price-to-earnings ratio of 33, which is more expensive than the broader market. Moreover, at a projected price-to-earnings ratio of 23, Walmart's stock also trades at a premium compared to its competitors, such as Target. This discrepancy doesn't seem reasonable, given that Target has grown its earnings faster than Walmart over the past ten years and had higher average margins.
In conclusion, while Walmart's stock can be a good portfolio backbone and provide investors with a steady stream of income, it's unlikely to generate significant returns in the coming years.
WALMART higher bearish trend for expect
Hi viewers, WMT price break zone, tech. side showing we can expect higher bearish trend
TP1:133
TP2:130
