WMT trade ideas
"Forecasted direction and price of WMT stock.""Many investors may follow WMT stock's direction based on the analysis of support and resistance levels in this timeframe, which suggests a bullish trend is more likely."
"Investors should understand the nature of the product, return conditions, and risks before making investment decisions."
$WMT 10D, $56 incoming, Tower Top BreakdownTower Top Breakdown in the works. Seems like whatever or whenever it happens, it will be close to next Friday. Remain Bearish unless new highs are established. Seemingly easy Trade here. MACD in same positioning as well as RSI. Seems like WMT doesn't get much volume in general. Not necessarily a bad thing. Options could pay well here.
WMT Walmart Options Ahead of EarningsIf you haven`t bought the dip on WMT:
Then analyzing the options chain and the chart patterns of WMT Walmart prior to the earnings report this week,
I would consider purchasing the 60usd strike price Calls with
an expiration date of 2024-5-24,
for a premium of approximately $1.73.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Walmart Inc Reports Profit Growth of Almost 10% in Q1 EarningsWalmart ( NYSE:WMT ) reported Q1 FY 2025 earnings, which were positive and largely beat analysts' expectations, with income up almost 10%. The company is betting on easing inflation to boost demand for essentials and bring a rebound in sales of discretionary products like apparel and electronics. Shares of the Bentonville, Arkansas-based company were up 6% in premarket trading, and if these gains hold, the stock will hit a record on Thursday.
The strong performance by Walmart ( NYSE:WMT ) could assuage some investors' fears about ebbing U.S. consumer spending. Americans have largely been able to weather higher prices, but a long bout of inflation has raised concerns that shoppers could become more constrained and a recovery in spending will be slower than previously expected.
Walmart ( NYSE:WMT ) reported total U.S. comparable sales up 3.9%, excluding fuel, for its first quarter ended April 30. Adjusted earnings per share came in at 60 cents, easily beating the 52-cent average forecast. Total revenue of $161.51 billion also topped estimates.
The retail bellwether now expects annual consolidated net sales to rise at the high end or slightly above its prior forecast of 3% to 4% growth. It also expects adjusted profit per share to be at the high end or slightly above its prior estimate of $2.23 and $2.37.
5/15/24 - $wmt - i'd stay away from this, trends/consumer tough5/15/24 - vrockstar - NYSE:WMT - 24x fwd PE and barely 3.5% yield for this anemic grower into the most cashed strapped consumers. google trends look awful.
trends.google.com
i'd guess any pop gets faded v quickly. pricing power is for the brands, not the retailers. hard to sell a cost cutting/ brand squeeze story for a company that's already doing this to the extreme. i'd love to short it but tbh, shorting is such a fool's errand in this tape. so i'd just caution anyone buying the print that the upside is probably very limited and you're probably facing a much higher liklihood of decline here on a miss. i'd stay away from this.
Ichimoku Watch: Walmart Looking at All-Time Highs!Upcoming Earnings Release:
Walmart Inc. (ticker: WMT) is scheduled to report earnings before the market opens on 16 May. The consensus EPS estimate for the fiscal quarter ending April 2024 is $0.52, while the reported EPS for the same quarter a year prior was $0.49.
Strong Technical Evidence Supporting Buyers
Ahead of next week’s earnings, Walmart is offering interesting price action.
Starting at the basics, the trend in this market cannot really be questioned at this point, and following the latest correction from all-time highs of $61.66 set in March, this could be a market that dip-buyers are drawn to over the coming weeks. Adding to the current uptrend’s strength, price has also rebounded from the Ichimoku Cloud (consisting of the Leading Span A and the Leading Span B) and is above both the conversion line and the base line.
You can also see that the conversion line is on the brink of crossing back above the slower-moving base line. Given that price has recently rebounded from the Ichimoku Cloud and the stock is entrenched in a considerable uptrend, a noticeable crossover here would likely prompt buyers to enter the market to challenge the all-time high.
The double-bottom pattern (shown by the green arrows at $58.63) adds weight to a bullish showing here. It was also recently completed by trading beyond the pattern’s neckline at $60.53. If price follows through higher after this breakout, the pattern’s upside target will be $62.59.
Price Direction?
With everything considered, this remains a bullish market and the break of the double-bottom pattern’s neckline emphasises the potential strength of buyers from the Ichimoku Cloud.
WMT long positionhi traders
Let's have a look at WMT on 4h time frame.
WMT has been consolidating after hitting new ath.
Bullish divergences formed , but we the price may get rejected at 100 SMA (Red line). If it gets rejected, wait for a pullback and buy at 58.95 $.
Target and stop loss are shown on the chart.
Good luck
Walmart: Higher! 🚀Walmart recently reached the low of the turquoise 4. Now the rise to the forecast top of the magenta wave (3) should ensue. With a probability of 39%, the green correction wave alt.(2) reaches a new low below the support at $57 in our alternative scenario.
Short-term Bearish / Long-term BullishSeasonality in the greater markets would align nicely with the WMT forecast in suggesting that further pullback is in the cards, with the longer term outlook remaining bullish.
Walmart Defies Falling TrendlineWalmart broke out to record highs in February. Now, after a pullback, some traders may expect further upside.
The first pattern on today’s chart is the falling trendline that began in late March. WMT pushed against it this week and closed above it yesterday. Some traders may consider that evidence of a breakout.
Second is the April 2 low of $58.88. The retail giant probed below it on Tuesday but didn’t stay there. That kind of false breakdown is a potentially bullish signal.
Third, prices have held the rising 50-day simple moving average and are back above the 21-day exponential moving average. Those events might reflect positive trends.
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Stochastic Divergence and Walton Family Selling A classic divergence on the daily stochastic mixed with insider selling ($4.5 billion) equals a possible local top. That it. That's the thesis. Keep it simple.
Using Jan 25 Puts @ $61.67 for $4.25 a contract. This is very cheap. A run of the mill 10% correction yields a 100% gain at expiration. Hopefully much more If the divergence plays out and this is a local top!
(WMT): Navigating Post-Split DynamicsMarket Contextualization:
The stock of Walmart Inc. (NYSE: WMT) has captured the market's attention following its first 3-for-1 stock split in nearly a quarter of a century. A maneuver emblematic of the company's robust financial health and a testament to its desire to democratize share ownership, particularly for its employees. The split, purely structural in nature, may augment the liquidity profile of the stock and is emblematic of Walmart's bullish outlook on its corporate trajectory.
Technical Landscape:
As we parse the tapestry of the chart, we note that the price trajectory has etched out a pattern that conforms to bullish expectations, trading above the Ichimoku Cloud. The cloud itself serves as a strategic buffer zone, with the upper cloud boundary potentially acting as a support level in a reversion scenario.
The price's adherence to the Fibonacci retracement levels postulates a narrative of resilience, particularly with the price navigating around the golden ratio of 61.8%, indicating a potential pivot point for future price action.
Volume and Momentum Considerations:
Volume analysis reveals an alignment with the 30-day moving average, a harmonization of participation that lends credence to the ongoing price movements. The On-Balance Volume (OBV) trajectory suggests sustained buying pressure, an affirmative signal for continued upside.
The RSI hovers in a moderate range, neither overbought nor oversold, suggesting that there is ample room for a rally before encountering overheating concerns. Concurrently, the MACD's proximity to a bullish crossover renders a cautious optimism, suggesting latent upward momentum despite recent contraction.
Synthesis with Fundamental Outlook:
Fusing the technical indicators with Walmart's laudable financial performance paints an intricate picture. The impressive 6.03% uptick in revenue coupled with a substantial earnings increase emboldens the bullish sentiment. Furthermore, the market's "Strong Buy" consensus, with an implied 12-month price target of $62.84, dovetails neatly with the technical prognosis.
Speculative Price Corridor and Risk Delineation:
Considering the confluence of technical fortitude and fundamental prowess, a speculative price target for WMT could well surpass analyst expectations, flirting with the $63.00 to $65.00 range, assuming the continuance of current momentum and market conditions.
Investors should, however, remain vigilant of the oscillatory nature of market forces. A breach below the Ichimoku Cloud or a bearish divergence on the RSI could presage a reversal, necessitating a recalibration of expectations and risk exposure.
Closing Remarks:
In summation, Walmart stands at a technical and fundamental nexus that could spell an advantageous phase for the stock. The recent stock split underscores a forward-thinking leadership, buttressing an already favorable narrative propelled by strong earnings and revenue growth. As Walmart navigates this post-split era, the technical indicators, supplemented by robust fundamental signals, offer a vantage point for prospective upside, with a discerning eye on prevailing market dynamics and potential inflection points.
WALMART LONG TRADEWalmart should find support soon at this zone and this is the zone where I will go Long for targets of 62.84 to 63.50. Once we get a bounce Ill be hedging as well so either way money will be made despite what way this stock goes....THE main trade, however, is long bias.
WALMART: Correction to the 1D MA100. Strong buy after.Walmart is pulling back aggressively on what is a technical correction following deeply overbought RSI levels on the 1W timeframe. The 1D technical outlook has already turned bearish (RSI = 41.808, MACD = 0.470, ADX = 29.295) and is expected to extend towards at least the 1D MA100, as per all prior systemic pullbacks inside a logarithmic Channel Up pattern that started in November 2015.
We estimate a low risk buy entry level at 57.00, with the ideal extension being on the 1W MA50. Our end of year target is a little under a +96.90% rise (TP = 73.00). The stock has completed this kind of rise on both prior Bullish Waves of the Channel Up before deep corrections near its bottom.
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WALMART RSI Bearish Divergence points to $58.00Walmart (WMT) has been trading within a Channel Up pattern since the May 20 2022 Low. The current Bullish Leg is approaching the pattern's top (Higher Highs trend-line) and the probability for a correction becomes greater on every up move.
As the 1D RSI has been on a Bearish Divergence since February 20, similar to the April - May 2023 Divergence, we are expecting a symmetrical decline of roughly -6.00%. That gives us a short Target of $58.00.
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WMT swing calls soon? 🔉Sound on!🔉
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Walmart's Bold Step Towards Fashion: A Partnership With UnspunIn a groundbreaking move aimed at revolutionizing the apparel industry, retail giant Walmart (NYSE: NYSE:WMT ) has embarked on a visionary collaboration with unspun, a trailblazing fashion tech company. This partnership signals a significant stride towards reducing environmental impact, fostering sustainability, and revitalizing U.S.-based manufacturing.
At the core of this alliance lies unspun's pioneering 3D weaving technology, a game-changer poised to reshape conventional garment production methods. Unlike traditional flat weaving processes, unspun's innovative approach dramatically minimizes fabric waste and streamlines manufacturing, marking a pivotal shift towards a more sustainable future.
The pilot project, centered in Oakland, California, represents a tangible commitment to tackling the pressing challenges facing the apparel industry. By leveraging unspun's cutting-edge technology, Walmart aims to address concerns surrounding waste, carbon emissions, and offshore manufacturing, aligning with its broader sustainability goals.
Andrea Albright, Walmart's Executive Vice President of Sourcing, underscores the company's unwavering dedication to innovation and sustainability. She emphasizes the potential of this collaboration to not only revolutionize supply chain dynamics but also create skilled job opportunities and meet consumer demand for locally made garments.
The pilot project will initially focus on producing workwear-style pants under a Walmart house brand, showcasing the versatility and efficiency of 3D weaving technology. This innovative approach, which eliminates the need for multiple manufacturing steps, holds immense promise for driving efficiency and reducing environmental impact.
WALMART Forming a peak pattern. Correction possible.Walmart is technically bullish on the 1D outlook (RSI = 66.294, MACD = 1.320, ADX = 41.735) but has reached the top of the 18 month Channel Up. With the 1D RSI Double Topped inside the overbought zone, the current price is increasingly unstable and the rally since the December 11th 2023 HL unsustainable withouth a correction. The three main pullbacks inside the Channel Up have been within the -10.20% and -11.92% region. A new -10% correction would test the 0.236 Channel Fib and come close to the 1D MA200. That is our target (TP = 54.50).
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Looking at WMT before the splitWMT split 3/1 today. Looking back over the years, the WMT stock almost looks like a crypto that never crashed. Its gone up consistently over the years.
WMT can be traded technically of course. But one of my friends who is a successful options trader likes WMT for its fundamentals. And I think that shows in this chart over the decades of Walmart's history.
Some people hate Walmart for some of their business practices, but people continue to choose to work there, and people continue to choose to shop there. That says a lot.
Chart patterns are fun to trade if technical analysis is your focus, but if you're looking long term at all, fundamental analysis is not to be ignored.
With the split, there are some benefits to us traders. At a cheaper price, more of us can trade more. That means more volume and liquidity in the market. If you sell options, you might be able to afford WMT options now if you couldn't before.
I'm not sure how the split will affect price...there is an active bearish pattern. But in the long term, no doubt WMT will continue to grow its business and maintain its decades-long trajectory.
Happy trading out there!
Walton Family Sells $1.5 Billion of Walmart StockMembers of the Walton family sold roughly $1.5 billion worth of Walmart Inc. ( NYSE:WMT ) stock at the end of last week as shares hovered near a record high.
The Walton Family Holdings Trust ( NYSE:WMT ) sold about 8.82 million shares between Feb. 21 and Feb. 23, according to US Securities and Exchange Commission filings from late Friday. The notifications were filed on behalf of Alice, Jim and Rob Walton.
Walmart ( NYSE:WMT ) has climbed about 13% this year, outperforming the 3.7% advance in the S&P Retail Select Industry Index. The retailer closed at an all-time high on Feb. 20 after its fourth-quarter results topped Wall Street’s expectations and as executives said it’s gaining market share. The company’s fiscal-year outlook was better than most analysts had anticipated.
NYSE:WMT rose as much as 1.98% on Monday, putting them on track to close at a fresh record high. It’s the first day of trading for Walmart after its 3-for-1 stock split took effect.
The transaction comes amid a flurry of high-profile stock sales in recent weeks. JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon and his family sold $150 million worth of the bank’s stock last week in the first sale since he took the helm 18 years ago. Jeff Bezos also recently sold 50 million Amazon.com Inc. shares in multiple transactions as part of a plan he disclosed earlier this month.
The Walton family owns about 45% of Walmart’s outstanding shares through the trust and their main investment vehicle, Walton Enterprises, ( NYSE:WMT ).
WMT Riding the Wave: A Strong Buy Signal Emerges!"## WMT Stock: Short Fundamentals, Recent News, and Disclaimer
**Fundamentals:**
* **Company:** Walmart Inc. (WMT) - A multinational retail corporation.
* **Market Cap:** ~$440 billion (as of Feb 23, 2024).
* **Stock Price:** ~$145 per share (as of Feb 23, 2024).
* **P/E Ratio:** ~23.5 (as of Feb 23, 2024).
* **Dividend Yield:** ~1.6% (as of Feb 23, 2024).
* **Business:** Operates various retail formats like hypermarkets, discount stores, and grocery stores.
**Recent News:**
* **Feb 21, 2024:** Walmart reports strong Q4 earnings, exceeding analyst expectations.
* **Feb 14, 2024:** Walmart announces partnership with Microsoft to improve cloud computing and automation.
* **Feb 8, 2024:** Walmart launches new grocery delivery service in select markets.
* **Feb 1, 2024:** Walmart increases minimum wage for U.S. employees to $15 per hour.
**Disclaimer:**
* This information is for educational purposes only and should not be considered financial advice.
* Investing in stocks carries inherent risks, and past performance is not indicative of future results.
* Do your own research before making any investment decisions.
**Additional Notes:**
* WMT stock has outperformed the broader market in recent months.
* The recent news highlights Walmart's focus on e-commerce, technology, and employee well-being.
* It's important to consider your individual financial goals and risk tolerance before investing in stocks.
I hope this information is helpful! Please let me know if you have any other questions.
