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- 1 Walmart stock price surged 0.1% in the last trading session and is currently trading at $160.65.
- 2 Walmart’s share price (NYSE: WMT) has a Price-to-earning ratio of 24.55
Walmart Inc. (NYSE: WMT) is a retail and wholesale company that sells a variety of products and services at low prices. It has three main segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment includes the Walmart, Wal-Mart, and Walmart Neighborhood Market brands as well as online platforms like walmart.com.
Walmart’s share price currently trades at $160.65, inclining 0.1% in the last trading session. WMT stock holds a market cap of $432.60 Billion. It has a total of 2.69 Billion outstanding shares. The PE ratio for the stock is 24.55. The price-to-sales ratio of the stock is 0.70.
Walmart stock derivatives state that the current implied volatility in the market is 20.25% with an increment of 0.24% in the last trading session. It has a total of 459.37K open interest contracts as of now. The PUT/CALL ratio is 0.93 indicating a mild bullish in the market as per the data.
Walmart Stock Price Prediction Using Price Action Strategy
Walmart share price analysis reveals that the price was on an inclining trend for the past 6 months adding a 14.04% return to the portfolio of their investors. The price is inclining to form higher highs and higher lows. Recently, the price experienced a pre-result momentum and surged nearly 5%.
Currently, the stock price is waiting for the quarterly results and consolidating in a box consolidation near an all-time high.
The short-term outlook as per the price prediction seems to be neutral. It is because the stock has been rising for the past 6 months and currently trading near all-time high waiting for the results, hence investors may look for profit booking. If the price breaks below $157.71. The long-term outlook for the stock is still positive until the price makes a shift in its overall trend.
WMT Share Price Forecast from Indicators’ point of view
As per the EMA analysis, the WMT stock price is trading above 50 and 200 EMA which shows a bullish sentiment prevailed in the market. Also, the EMAs may act as a support if the price slides near it.
At the time of publishing, the RSI value of the WMT share price is 64.97 and that of the SMA line is 63.54. RSI is showing a divergence between the price and momentum signaling a possible profit booking if the price declines.
Conclusion
Walmart’s stock price prediction concludes that stock price has been rising for the last six months, reaching an all-time high before the quarterly results. The price is in a consolidation phase, waiting for the results to decide the next move. The short-term outlook is neutral, as the price, if falls below $157.71, may face profit booking. The long-term outlook is positive as long as the price maintains its upward trend. Also, RSI is showing a divergence signaling the loss of momentum in the current trend, and the price may experience a profit booking.
Technical Levels
- Support levels: $153.49 and $147.83.
- Resistance levels: $161.02 and $165.14.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
