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- 1 WMT stock price increased by 0.78% over the past week and the current volume is above average volume.
- 2 Walmart Inc ( NYSE: WMT) stock’s 52-week price range is $136 – $162.
Retailing business giant Walmart Inc. is set to declare reports of Q2 results on August 17, and industry experts are apprehending a boost in U.S. Comps and international magnification. Financial institutions, BMO Capital Markets, and Wells Fargo have raised their price goals for the company, with BMO also ascending its F2Q24 WMT stock EPS estimate. As a result, Walmart Inc. stock’s new target price has been set at $175 Mark.
Walmart has a debt-to-equity ratio of 57.9%, as reported by Simply Wall St. This implies that it has less debt than equity, which is the difference between its total assets of $245.05 Billion and total liabilities of $165.59 Billion. Walmart’s debt is $46.00 Billion, while its equity is $79.47 Billion. Moreover, Walmart Inc. (WMT) stock market capitalization is $431.554 Billion and the total revenue is $611.289 Billion. Moreover, the stock’s basic EPS is $4.17 and the price-to-earnings ratio is 38.78.
WMT stock average volume is 4.409 Million and the current volume is 5.056 Million where the current volume is above average volume.
Technical Analysis of WMT Stock Stock Price in 1-D Timeframe
The price action shows that Walmart Inc’s ( NYSE: WMT) stock price has been on an inclining trend for the last three months, increasing by 4.34% making higher highs and higher lows, and rising upwards.
At the time of writing, WMT stock is facing resistance, and as price violated the uptrend in the last couple of days by taking a pullback from the $162 level and price trading at around $160.26.
Therefore, if it maintains the current level, the WMT prices could continue to move upward and reach the first and second resistances of $162.75 and $166.07.
Alternatively, if the WMT price fails to sustain the current level and drops, it might hit the nearest support levels of $158.30 and $154.29.
At the time of publishing, Walmart Inc. (NYSE: WMT) is trading above the 50, and 200-day EMA (exponential moving averages), which supports the Walmart price trend.
Hence, the Walmart price is expected to move upwards showing a bullish overview over the daily time frame chart.
The current value of RSI is 61.67 points. The 14 SMA is above the median line at 63.74 points which indicates that Walmart stock is in bullish territory and above 14 SMA, indicating the bullishness for the Walmart stock.
The MACD line at 1.39 and signal line at 1.37 are above the zero line and both lines have crossed each other. A bullish crossover is observed in the MACD oscillator which might signal more bullishness for the Walmart stock price.
Summary
Walmart Inc. (NYSE: WMT) indicates that the investors and traders of the stock price are bullish on the 1-D time frame. The price action reflects a bullish outlook at the time of publishing. The technical analysis tools of the Walmart stock price also support the bullish trend. The MACD, RSI, and EMA highlight positive signals and imply that the uptrend may continue in Walmart’s stock price.
Technical Levels
- Support levels: The nearest support levels for Walmart’s stock price are $158.30 and $154.29.
- Resistance levels: The nearest resistance levels for Walmart stock price are $162.75 and $166.07.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
