WMT FORECASTi no longer explain this is just an archive for myself at this point
expecting a bear at the blues
if they break im going mega long to 154,164
WMTD trade ideas
Walmart: Almost there 🏁Over the past few trading days, the Walmart stock has continued along its path toward our magenta Target Zone (between $164.10 and $170.42), steadily recovering from the drastic sell-offs that happened in mid-November last year. Our Target Zone should now be reached soon, and we expect wave (2) to conclude there, which is why our Zone presents an opportunity to open short positions. Those who open short trades should consider the possibility (33%) of our alternative scenario, though: it calls for the dark green wave alt.(B) to head much higher, even above $173.08.
WMT Going Up and Then Going DownWMT strongly bounced from a major support level on 6 October. This level is also the 38.2 retracement level of impulse wave 5 of the motive wave. WMT may go up a couple of days before coming down to retest this level again. Given how strong this support level is (look to the left of the chart), I expect WMT to go up after retesting this level.
It seems that WMT is now in the process of forming B wave of A-B-C corrective wave. The corrective wave need not necessarily be an A-B-C zig-zag pattern. Hence, this is only a very approximate guess that I am making. But if it is indeed so, then WMT may go up to 160 resistance level before beginning a downtrend (C wave).
Walmart Close to Megaphone SupportWalmart had a failed daily cycle 3, currently price is seeking a half cycle high. The blue line defines weekly price decline resistance, when price closes above this line on a weekly basis we know a weekly low is behind and price is moving higher. There is a possibility price will decline towards the 200 week moving average but before that we want to see how it reacts at the support of the megaphone pattern as this aligns with the 200 day moving average. As the cycle unfolds we will be able to take risk accordingly as things become clear.
WMT Major support bounceRationale: Following the previous earnings beat, WMT (Walmart) has sold off -12% from all time highs. It made its way down to a major support area at 152.70 - 153.67 which it broke below and then reclaimed after yesterday's FED meeting. It also bounced off of a long term uptrend line in confluence with the 60% fibonacci level.
Additional confluences:
- Rising Volume
- RSI, MACD, and STOCH divergences
-Large Megaphone pattern support bounce.
Idea: I am looking to buy LEAPS options contracts, a short term options swing, and day trade Walmart from this level to target the gap fill at 159.48 - 167.54. I will be scaling buy my LEAPS and short term swing today.
WALMART SUPER CYCLE PEAKThe chart posted is that of WMT Walmart I am now stating this stock bull run from1985 has ENDED first target 122 a final low is 85 a share I saw this forming on the weekly and was in court the other day and wanted to post but was exhausted .This should drop like Meta and last year
Is Walmart stock sinking?Is Walmart stock sinking?
Walmart Inc. has revised its earnings per share forecast from 6.40 USD to 6.48 USD, significantly below market expectations. In addition, the company's revenue projections have deteriorated. Against the backdrop of decreasing inflation in the US, there has been a sell-off of the issuer's securities. Concerns about competition with the e-commerce sector have re-emerged.
Today, let's focus on the Walmart Inc (NYSE: WMT) stock chart.
On the D1 timeframe, resistance has formed at 169.94, but support has not yet been established. The important historical levels were broken through during pre-market trading.
On the H1 timeframe, if the downward trend in the asset continues, the short-term target may be placed at 148.82. In the medium term, the target may hover around 145.14.
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WMT: Outlining a Long Strategy Through EarningsRetail earnings season is upon us. So far, FactSet notes that 92% of the S&P 500 has reported Q3 results, and the total beat rate is strong at 81% - the highest since Q3 2021. What’s more, the blended EPS growth rate is now seen at +4.1% - the first positive YoY earnings growth rate quarter in a year. Analysts have turned more optimistic about how Q3 progressed, perhaps not surprising since last quarter’s GDP growth rate surged past most economists’ expectations from the summer.
All eyes are now on the consumer sectors. Major Staples and Discretionary names report Q3 profit figures this week and before Turkey Day next week. I'm going to home in on Walmart (WMT). The largest big-box retailer has been on an impressive uptrend, sharply outpacing the Consumer Staples sector and S&P 500 over the last year. Let’s check out the chart to see if more gains are ahead.
Overall, I like the trend and would prefer a long play into and through earnings. According to Option Research & Technology Services (ORATS), WMT is expected to move plus or minus 3.1% after reporting in the premarket on Thursday. With 20.4% implied volatility, the $447 billion market cap retailer has beaten bottom-line numbers in each of the previous 5 reports with shares trading higher post-earnings in 4 of the last 5 instances. Analysts expect $1.51 of operating EPS and there have been three analyst upgrades of earnings recently.
As for the chart, the uptrend is impressive. Shares are basically at all-time highs near $166 and the long-term 200-day moving average is positively sloped, indicating that the bulls are in charge. WMT has held that indicator line on a host of occasions since Q1 this year. What concerns me, though, is somewhat weaker RSI momentum readings as shares have marched higher - I would like to see momentum and price confirm each other to support a bigger and more sustained move up into year-end. For now, long with a stop under the early October low of $151 (and rising 200dma) appears as a favorable way to play it this week. Based on the $152 in October and call it $166 resistance, a bullish measured move upside price target is $180.
#WMT#Walmart (WMT) stock trades at $166.03, with a market capitalization of approximately $447.1 billion and an enterprise value of approximately $498 billion. A closer look at the financial metrics reveals earnings per share (EPS) of $5.2138 and strong cash flow, with operating cash flow per share of $14.1336 and free cash flow of $7.2339. Walmart's current ratio is 0.8267, which maintains liquidity even though it indicates tighter working capital management.
Its asset base is supported by a solid book value of $29.5417 per share and a tangible book value of $21.274 per share. Meanwhile, shareholders' equity is $29.5417 per share, interest-bearing debt is $24.991 per share, and the debt-to-equity ratio is 0.8145, indicating significant leverage.
Walmart's valuation multiples, such as a price-to-earnings ratio of 31.8591, a price-to-sales (P/S) ratio of 0.7087, and a price-to-book (P/B) ratio of 5.6228, indicate that the company is relatively valued. Current Market. Additionally, enterprise value multiples such as EV/Sales 0.7894 and EV/EBITDA 14.3509 indicate the market's expectations for future growth and profitability.
The company has a modest dividend yield of 1.3665% and a sustainable payout ratio of 0.4347, indicating a cautious approach to returning income to shareholders. Additionally, an earnings quality ratio of 2.7204 indicates solid profitability.
Technically, Walmart appears to be at the peak of the fifth wave of the Elliott Wave pattern, with the RSI indicator on the 4-hour chart approaching overbought territory. This indicates that a correction phase may be coming. Therefore, it may be prudent to hold off on buying the stock for now. Investors interested in Walmart should watch for a pullback to support around $151, which could signal the start of the next bullish wave and where it may be advantageous to establish a position.
All in all, Walmart stock demonstrates strong financials, and its premium valuation multiple suggests market optimism. However, with technical indicators pointing to a potential near-term correction, the strategic approach will include waiting for a more favorable entry point while focusing on the longer-term fundamentals that support the company's health.
