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Uptrend SupportArchive - 3/15/2024 - Sign In to see current Signals. |
Wal-Mart Stores (WMT) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | 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.
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