Tag: WALMART

Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores in the United States. Walmart reached an all-time high at $170 per share on 15 November 2023. After the all-time high, there was a gap down, which made the price of $WMT reach $158.69. The price continued to fall to $149.55 on 11 December 2023, which is currently a support level.

From the support level in December 2023, price rallied to the 2024 high at $167.95. On the 30th of January, Walmart announced that it will conduct a split of its outstanding shares of common stock at a ratio of 3:1. That same day, the price of $WMT closed at $165.64. The opening price the following day was $167.95 which indicated that a gap-up had occurred. The stock split is part of Walmart’s ongoing review of optimal trading and spread levels and its desire for its associates to feel that purchasing shares is easily within reach. We might see the price of $WMT at $150 in the coming weeks.

Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stock in your portfolio? Schedule a meeting with us here

The opening price of Walmart at the beginning of 2022 was at $144.03 per share. Price ranged for the most part of January before the bears took control, although this bearish turn was for a short period of time. The first major support level of 2022 was at $132.02 per share which was in February. From that support level, Walmart’s bulls pushed price to a new all-time high in April at $160.77.

After the all-time high was reached, the next trading day opened with a bearish turn as price went as low as $117.16. This price doubles as both the current year’s low and the current support level. Since that year’s low, each time the price tried to rally, the bears counteracted the bullish movement. On the daily chart prior to the fall to the $117.16 support, there were a few gap downs which are yet to retrace. 

On the 16th of August, there was a gap up from the close of the 15th. The close of the 15th was at $132.56. The opening price of the 16th was at $138.81, about a 5.1% increase in a single day. This gap up could be a light at the end of the tunnel for Walmart investors as it could lead to a rally to a new all-time high above $160. RSI on the daily chart indicates that price is oversold. The daily chart also shows that the candlestick is in the upper region of the Bollinger Bands.

Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stocks in your portfolio? Schedule a meeting with us here

The American multinational retail company reached an all-time high at $161.03 in April 2022. This point was reached after price ranged from the latter part of 2021 to March 2022. Following the range, price broke out and headed for the aforementioned point that became the all-time high. 

The month of May 2022 ended bearish after the price opened at $154.82 and closed at $128.38. The month of June 2022 has begun on a bearish note but $5 has been lost from the opening price of the month of June 2022 which was at $154.82. In May 2022, the price fell to as low as $117.05. Price last hit this point in July 2020.

RSI showed in Q4 2020 that price has been overbought. The trendline is yet to be broken despite the corrections. The 4-Hr Chart shows there was a gap down in the price of Walmart mid-May 2022. This gap down might close up and it could be an opportunity for the Walmart bulls to push price higher from the current price of $123.30. We might see price reach a new all-time high in the coming weeks.

Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stocks in your portfolio? Schedule a meeting with us here