Walmart may rise to 79.00 - 80.60

Our pivot point stands at 71.1.

Our preference

The upside prevails as long as 71.1 is support.

Alternative scenario

Below 71.1, expect 68.4 and 66.7.

Comment

The RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 69.522 and 68.9324). Finally, Walmart is trading above its upper Bollinger band (standing at 73.48).

Supports and resistances

82.3 **

80.6 *

79 **

77.3

73.72 (USD-last)

72.2

71.1 **

68.4 *

66.7 **

Number of asterisks represents the strength of support and resistance levels.