When the Price of (WMT) Talks, People Listen

February 06, 2024, 03:18 am ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for WMT

• Buy WMT slightly over 164.7 target 171.65 stop loss @ 164.22 Details

The technical summary data tells us to buy WMT near 164.7 with an upside target of 171.65. This data also tells us to set a stop loss @ 164.22 to protect against excessive loss in case the stock begins to move against the trade. 164.7 is the first level of support below 168.66 , and by rule, any test of support is a buy signal. In this case, support 164.7 is being tested, a buy signal would exist.

• Short WMT slightly under 171.65, target 164.7, stop loss @ 172.15 Details

The technical summary data is suggesting a short of WMT as it gets near 171.65 with a downside target of 164.7. We should have a stop loss in place at 172.15though. 171.65 is the first level of resistance above 168.66, and by rule, any test of resistance is a short signal. In this case, if resistance 171.65 is being tested, a short signal would exist.

Swing Trading Plans for WMT

• Buy WMT slightly over 170.13, target 171.65, Stop Loss @ 169.64 Details

If 170.13 begins to break higher, the technical summary data tells us to buy WMT just slightly over 170.13, with an upside target of 171.65. The data also tells us to set a stop loss @ 169.64 in case the stock turns against the trade. 170.13 is the first level of resistance above 168.66, and by rule, any break above resistance is a buy signal. In this case, 170.13, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short WMT slightly near 170.13, target 167.49, Stop Loss @ 170.62. Details

The technical summary data is suggesting a short of WMT if it tests 170.13 with a downside target of 167.49. We should have a stop loss in place at 170.62 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 170.13, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for WMT

• Buy WMT slightly over 169.29, target 170.13, Stop Loss @ 168.9 Details

If 169.29 begins to break higher, the technical summary data tells us to buy WMT just slightly over 169.29, with an upside target of 170.13. The data also tells us to set a stop loss @ 168.9 in case the stock turns against the trade. 169.29 is the first level of resistance above 168.66, and by rule, any break above resistance is a buy signal. In this case, 169.29, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short WMT slightly near 169.29, target 167.49, Stop Loss @ 169.68. Details

The technical summary data is suggesting a short of WMT if it tests 169.29 with a downside target of 167.49. We should have a stop loss in place at 169.68 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 169.29, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Walmart Inc. (WMT) available here: WMT.

WMT Ratings for February 06:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	157.74
P2	169.29	167.49	164.7
P3	170.7	170.13	171.65

AI Generated Signals for WMT

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Walmart Inc. (NYSE: WMT) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for WMT can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.