Walmart Technical Analysis (NYSE:WMT)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. A WMT stock chart pattern can give those who understand technical analysis an indication of which way WMT stock is headed, but cannot predict with 100% certainty as to what can happen to the Walmart stock price.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Walmart. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Walmart stock analysis.
Walmart Moving Average:
WMT stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Walmart chart patterns after the calculations remain the same. The 100 day moving average of 78.11 is below the last closing price of 79.53. Moving averages can be used for WMT trend identification. A rising moving average shows that stock prices are generally increasing.
Walmart Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the WMT stock. The stock price is trading between the average and the lower band in the context of Walmart bollinger bands.
Walmart Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Walmart MACD indicator can be used to identify bullish and bearish trends for the stock.
Walmart Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. The relative strength index of WMT stock is 58.66. .