Technical Analysis Of Wal-Mart, Coca-Cola, MannKind And Las Vegas Sands

Walmart Stock Technical Analysis: RSI indicates stock oversold

Walmart (NYSE:WMT) stock has marginally breached the 100 day Simple Moving Average. The stock is in a declining trend since its earnings release. However, the price has hit the lower of the Bollinger bands indicating a likely trend reversal. Confirming the signal from Bollinger bands, RSI indicates that the stock is oversold. The RSI of 25.46 is below the oversold threshold of 30. The stock price is likely to bounce back above the 100 day SMA in next few trades. Walmart stock will find resistance at upper gap level of $86.3. Earlier the stock has formed a downside gap at the beginning of the downtrend.
WMT Technical chart
Wal-Mart Technical Analysis Chart by

For fundamental analysis, watch Walmart stock analysis video.

Coca-Cola Stock Technical Analysis: Support at 100 day SMA

Coca-Cola (NYSE:KO) stock price has again found support at 100 day SMA. The 100 day SMA has provided support to Coca-Cola stock price on multiple occasions in last three months. The stock had broken its downward trend by forming an upside gap. However, the stock price declined after facing the combined resistance from 100 day and 50 day SMA and a bearish crossover by the 50 day SMA over the 100 day SMA line. Coca Cola has recently broken above the 100 day SMA and is currently in a consolidation phase. The stock is seen forming a cup and handle pattern, indicating a bullish trend. The MACD is also above the zero centerline, a bullish indication.
KO Technical chart
Coca-Cola Technical Analysis Chart by

MannKind Stock Technical Analysis: RSI indicates stock oversold

Mannkind (NASDAQ:MNKD) stock price has breached the 50 day SMA. However the stock found support at 100 day SMA. The stock has broken below the lower of the Bollinger bands, indicating a possible trend reversal. The signal from Bollinger band is confirmed by RSI. RSI indicates that the stock has been oversold.
MNKD Technical chart
MannKind Technical Analysis Chart by

Las Vegas Sands: Support at 50 day SMA

Las Vegas Sands (NYSE:LVS) stock price is moving along the 50 day SMA. The stock price has earlier breached the 100 day SMA by forming double downside gaps. However the stock had found support at 50 day SMA level. The average volume has been declining, indicating that the stock will not breach the 50 day SMA line.
LVS Technical chart
Las Vegas Sands Technical Analysis Chart by

Kumar Abhishek Kumar Abhishek   on Amigobulls :

Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a certified/registered investment advisor, and the opinions expressed should not be treated as investment advice.

Buying and selling of securities carries the risk of monetary losses.Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions.

Neither Amigobulls, nor the author have any business relationship with any of the companies covered in this post.

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