Walmart Inc. (WMT/NYSE): general review
17 May 2018, 11:55
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 87.55 |
| Take Profit | 89.50, 91.00, 93.00 |
| Stop Loss | 85.50 |
| Key Levels | 78.00, 82.00, 85.00, 87.50, 90.00, 96.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 81.90 |
| Take Profit | 78.00, 76.00 |
| Stop Loss | 84.00 |
| Key Levels | 78.00, 82.00, 85.00, 87.50, 90.00, 96.00 |
Current trend
Today, before the market opens, Walmart Inc. will publish a report for Q1 2018. In the past quarter, shares of Walmart Inc. reached a historic high of USD 109.98 and now are trading above the level of USD 86. The company shows significant upturns and downturns at the beginning of trading, depending on the results higher or lower than market expectations. As a result of the past quarter Walmart Inc. expect earnings per share of USD 1.12 with revenues of USD 120.13B. Additional impact on the movement of quotations of the issuer will be caused by comparing with the results of Amazon.com Inc., which reported at the end of April.
Last week, Walmart Inc. share price increased by 3.70%. S&P 500 index went down by 0.38% during the same period.
Support and resistance
Recently #WMT quotes are dominated by "bullish" sentiment. The company's shares have the potential for further resumption. The emitter shows a reversal formation: price and MACD divergence. Indicators do not give a clear signal: the price has crossed MA(50); MACD histogram began to rise. Positions are to be opened from key levels.
Comparing company's multiplier with its competitors, we can say that #WMT shares are undervalued.
Support levels: 85.00, 82.00, 78.00.
Resistance levels: 87.50, 90.00, 96.00.
Trading tips
If the price consolidates above the resistance level of 87.50, one should expect the company's shares to further correct. Potential profits should be locked in by orders at 89.50, 91.00 and 93.00. Stop-loss will be placed at the level of 85.50.
If the price consolidates below the support level of 82.00, one may consider selling #WMT. The movement potential is aimed in the area of 78.00–76.00. Stop-loss should be placed at 84.00.
Implementation period: 3 days.
Today, before the market opens, Walmart Inc. will publish a report for Q1 2018. In the past quarter, shares of Walmart Inc. reached a historic high of USD 109.98 and now are trading above the level of USD 86. The company shows significant upturns and downturns at the beginning of trading, depending on the results higher or lower than market expectations. As a result of the past quarter Walmart Inc. expect earnings per share of USD 1.12 with revenues of USD 120.13B. Additional impact on the movement of quotations of the issuer will be caused by comparing with the results of Amazon.com Inc., which reported at the end of April.
Last week, Walmart Inc. share price increased by 3.70%. S&P 500 index went down by 0.38% during the same period.
Support and resistance
Recently #WMT quotes are dominated by "bullish" sentiment. The company's shares have the potential for further resumption. The emitter shows a reversal formation: price and MACD divergence. Indicators do not give a clear signal: the price has crossed MA(50); MACD histogram began to rise. Positions are to be opened from key levels.
Comparing company's multiplier with its competitors, we can say that #WMT shares are undervalued.
Support levels: 85.00, 82.00, 78.00.
Resistance levels: 87.50, 90.00, 96.00.
Trading tips
If the price consolidates above the resistance level of 87.50, one should expect the company's shares to further correct. Potential profits should be locked in by orders at 89.50, 91.00 and 93.00. Stop-loss will be placed at the level of 85.50.
If the price consolidates below the support level of 82.00, one may consider selling #WMT. The movement potential is aimed in the area of 78.00–76.00. Stop-loss should be placed at 84.00.
Implementation period: 3 days.
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