Walmart Inc. (WMT/NYSE): general review

Current trend

Walmart shares are down from a 52-week high of September 2, losing more than 9.5% in value. The emitter's quotes are pressured by the general fall of the market against the background of the sale of shares in the technology sector. Starting next week, a new delivery service Walmart+ will be launched with prices below Amazon's. The company previously announced the launch of Flipkart, an online wholesale service for family stores and small businesses in India.

During the previous week, Walmart shares dropped by 7.36%. S&P500 index went down by 6.78% during the same period.

Support and resistance

The company's shares started to decline after the prolonged growth. #WMT quotes updated local minima. At the moment, the emitter is testing the "mirror" support level at 136.00. The level of 144.00 is the closest resistance. The instrument has the potential to further decline.

Indicators show opposing signals: the price has consolidated above MA(50) and MA(200), and MACD started to fall. Positions are to be opened from key levels.

Comparing the company's multiplier with its competitors in the industry, we can say that #WMT shares are undervalued.

Resistance levels: 144.00, 151.50.

Support levels: 136.00, 133.00, 128.00.

Trading tips

If the price consolidates below the support level of 136.00, #WMT may correct. Potential profits should be locked in by orders at 130.00, 125.00, and 120.00. Stop-loss – 142.00.

If the price consolidates above 144.00, one may consider buying #WMT. The moving potential is aimed at the area of 155.00–160.00. Stop-loss – 138.00.

Implementation period: 3 days.