Stock Price Chart of WMT
Price Prediction of WMT
Based on the provided data and current market status, let me analyze WMT's price movement for next week.
Technical Analysis
The current price of WMT is $92.24 as of December 20 market close . The stock is showing some technical signals:
- RSI at 53.23 indicates neutral momentum, neither overbought nor oversold
- The stock is trading above its 20-day SMA ($93.41) and 60-day SMA ($86.10), suggesting an overall uptrend
- Fibonacci resistance levels show R1 at $95.54 and R2 at $96.56, while support levels are at S1 $92.24 and S2 $91.22
News Sentiment Analysis Recent key developments affecting WMT:
- Positive factors:
- Walmart is piloting a program to provide body cameras to employees, which received support from Jim Cramer
- The Walton family expanded voting rights from 3 to 11 members, indicating strong family commitment to long-term governance
- Potential concerns:
- Retailers are facing challenges due to potential tariffs and consumer spending pressures
- The stock's current P/E ratio of 38.12 suggests relatively high valuation compared to historical levels
Price Prediction for Next Week Based on technical indicators and news sentiment:
- Base case (60% probability): $92-94 range
- Bullish case (25% probability): Break above $95.54 (R1) targeting $96.56 (R2)
- Bearish case (15% probability): Drop to support at $91.22 (S2)
Trading Recommendation HOLD/NEUTRAL for next week. While the long-term trend remains positive, current technical indicators suggest consolidation in the near term. Wait for clearer directional signals before initiating new positions.
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Trading stocks carries risk, and you should conduct your own research and consult with a financial advisor before making investment decisions.