The Greedy Trader Weekly Analysis
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Uptrend Support

Uptrend Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Support stock alert indicates that price is near long-term support trendline and probability of short-term trend reversal is high. The strategy here is to take advantage of established uptrend price pullback and entering the long position just prior to the continuation of the trend. The strategy has relatively low risk.

Uptrend Support

Archive
- 3/15/2024 -
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Wal-Mart Stores (WMT) Technical Analysis

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Summary:
Weekly :Relative Strength Index oversoldWilliams' Percentage Range is strongly oversoldBroken trend support line
Daily :Williams' Percentage Range is oversoldDaily  MACD line has moved above its signal line20 Day Moving Average has crossed above the 50 Day Moving AverageThe price touches the lower Bollinger BandThe period of high volatility of the stock price
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It was a second consecutive positive week for the Wal-Mart Stores (WMT). During the week, the WMT climbed 0.56 points, or 0.93%, and closed at 60.68 on Friday, March 15, 2024. Weekly volume was 127% above average.

Long-term trend: [See WMT long-term trend chart]
A long-term uptrend had started on November 13, 2015 at 56.30 and reached 181.35 on February 20, 2024. WMT gained -125.05 points, or -222.11%, in 431 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (137.93) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. WMT may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See WMT medium-term trend chart]
A medium-term downtrend had started on February 20, 2024 at 181.35 and reached 58.18 on February 26, 2024. WMT lost 123.17 points, or 67.92%, in 0 weeks. Price is near the trend low.

Weekly Technical Indicators: [See WMT weekly technical indicators chart]
Weekly Relative Strength Index is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since February 23, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See WMT short-term trend chart]
A short-term uptrend had started on February 26, 2024 at 58.18 and reached 61.57 on March 12, 2024. WMT gained -3.39 points, or -5.83%, in 15 days. The price is now at the 26.25% retracement level.

Daily Technical Indicators: [See WMT daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The price touches the lower Bollinger Band. The distance between the Bollinger Bands is 1564.37% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.85
Williams' Percentage Range (W%R) 98.00
Strong Oversold
Lane's Stochastic (%D-Slow) 82.06
Overbought
Greed/Fear Indicator (GFI) 47.98
Moving Average Converg./Diverg. (MACD) -25.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 19.09
Oversold
Williams' Percentage Range (W%R) 98.00
Strong Oversold
Lane's Stochastic (%D-Slow) 35.72
Greed/Fear Indicator (GFI) 20.08
Moving Average Converg./Diverg. (MACD) -3.81
Trading Signals
Description Value Chart
Upper Bollinger Band 185.34
50 Day Moving Average 134.14
Parabolic System 133.82
20 Day Moving Average 88.63
Weekly Stochastic Crossing 84.67
Daily Stochastic Crossing 61.22
Price 60.68
Lower Bollinger Band -12.30
Sector and Industry
Description Name Rank
Sector Consumer Staples 4
Industry Hypermarkets & Super Centers 22
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 61.57
High Date 03/12/2024
Low 60.46
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 58.18
Low Date 02/26/2024
High 61.57
High Date 03/12/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 181.35
High Date 02/20/2024
Low 58.18
Low Date 02/26/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 117.28
Low Date 05/20/2022
High 181.35
High Date 02/20/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 179.92
Support 137.93
Low 56.30
Low Date 11/13/2015
High 181.35
High Date 02/20/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.