NYSE trade advice (A): US retail stores stock | 4-5% gain | USA stock trading idea on 16 Oct 2024

Stock Market
NYSE, United States of America

Target hit. Trade closed.

16 Oct 2024
05 Nov 2024
05 Nov 2024
16 days
Loss per
100,000 USD
Stop-loss
79.5
Buy Advice
16 Oct 2024
80.6 – 81.6
Target 1
05 Nov 2024
83.75
Target 2
05 Nov 2024
84.75
Profit per
100,000 USD
16 days
5,149
79.5
80.6 – 81.6
83.75
84.75
5,149
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Walmart
  • 80.6 – 81.6
  • 83.75 – 84.75
  • Below 79.5
  • 4% – 5%
  • 10 - 12 Days
  • Buy Walmart
  • Buy
    Range
    80.6 – 81.6
  • Target 83.75 – 84.75
  • Stoploss Below 79.5
  • Upside
    Potential
    4% – 5%
  • Trade
    Duration
    10 - 12 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Walmart (NYSE: WMT) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • WMT
  • Walmart
  • Retail Stores
  • 81.6
  • 49.8
  • NYSE code WMT
  • Stock Name Walmart
  • Sector Retail Stores
  • 52 Weeks High 81.6
  • 52 Weeks Low 49.8
  • Company profile

    Walmart Inc. operates retail, wholesale, and eCommerce globally. It has three main segments: Walmart U.S., Walmart International, and Sam’s Club. The company runs supercenters, supermarkets, warehouse clubs, and discount stores under Walmart and Walmart Neighborhood Market brands, along with various eCommerce sites and mobile apps. Walmart offers a wide range of products, including groceries, health and beauty items, home goods, apparel, electronics, and more. It also provides digital payment services and financial products like money transfers and credit cards. Originally named Wal-Mart Stores, Inc., it rebranded to Walmart Inc. in February 2018 and was founded in 1945 in Bentonville, Arkansas.

  • Walmart (NYSE: WMT) vs NYSE - Relative Strength Comparison

    The image compares Walmart's 1-year performance to NYSE.
    Relative Performance - Last 1 Year
    WMT —   NYSE —

  • Walmart (NYSE: WMT) - Technical Analysis (Daily)

    Walmart - Technical Analysis chart on Daily Price and Volume
    Walmart - Technical Analysis chart on Daily Price and Volume

    • The stock price has been steadily increasing, consistently making higher highs and lows.
    • Recently, it entered a consolidation phase and formed an Ascending Triangle pattern.
    • After breaking out, the stock is now trading at an all-time high and is anticipated to keep climbing.
  • Walmart (NYSE: WMT) - RSI Indicator

    Walmart stock analysis based on RSI indicator
    Walmart - RSI Indicator

    • Current RSI of this stock is 62.41, which indicates the strength of buyers.

  • Walmart (NYSE: WMT) - ADX & DI Indicator

    Walmart stock analysis based on ADX & DI indicator
    Walmart - ADX & DI Indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Walmart (NYSE: WMT) - EMA Crossover

    Walmart stock analysis based on EMA Crossover
    Walmart - EMA Crossover

    • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
  • Conclusion - Walmart (NYSE: WMT) Stock Price Forcast

    Based on our trading advisory services for USA stocks, Walmart stock price target will be USD 83.75 - USD 84.75 in the next 10-12 trading sessions.

  • Share with
    0 0 votes
    Article Rating
    Subscribe
    Notify of
    guest
    0 Comments
    Inline Feedbacks
    View all comments

    Join Our Telegram Channel for US Stock Market Update

    USA Stock Analysis

    The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe.
    Maximize your return with our precise trading advice on the USA stock exchange! We recommend an technology stock poised for
    Get expert short-term trading advice for the USA stock exchange. This energy stock is projected to deliver 5%-6% returns in
    Short Term Trading Alert: This Consumer Discretionary stock has the upside potential of 5-6% in 14-15 trading days. Swing Trading
    Short Term Trading Advice: Qualcomm Inc (NASDAQ - QCOM) has the upside potential of 5-6% in 14-15 trading days

    Join Our Telegram Channel for Saudi Stock Market Update

    Saudi Stock Analysis

    Maximize your return with our precise trading advice on Saudi stock exchange Tadawul! We recommend buying Arabian Pipes (Tadawul 2200)
    Short Term Trading Alert: This Saudi health care equipment stock has the upside potential of 8-10% in 12-14 trading days.
    Get expert short-term trading advice for the Saudi stock exchange Tadawul. Buy Etihad Atheeb Telecom (Tadawul 7040) for 13%-16% returns
    Short term trading advice for Shariah compliant Tadawul stocks. Buy Riyadh Cables Group (Tadawul 4142) with potential for 15-17% returns
    Maximize your trading returns in Saudi stock exchange Tadawul! Discover a shariah halal materials sector stock having 7-9% gains in
    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

    If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website