cguthrie922

Mixed Medium-Term Outlook for Wal-Mart (WMT)

NYSE:WMT   WALMART INC
On March 29, 2017 Wal-Mart ( WMT             ) crossed above its 200 day moving average (MA). Historically this has occurred 192 times. When this happens, the stock does not always continue to rise. It has a median gain of 3.407% and maximum gain of 36.667% over the next 15 trading days.

When we take a look at other technical indicators, the relative strength index ( RSI ) is at 58.1906. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is neutral and looking for direction but slightly moving up at the moment.

The true strength index (TSI) is currently 7.9533. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is up. Even though it is still a positive number, it is trending downward.

The positive vortex indicator (VI) is currently 1.000 and just crossed over the negative indicator. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending upward.

Considering the moving average crossover, RSI , TSI, and VI levels, the overall near-term stock direction appears to be slightly trending upward. Based on historical movement compared to current levels and the current position in a downward trend channel, the stock could gain 0.71% over the next three weeks. The stock recently broke out of its most recent downward micro trend channel and appears to be using the old resistance as the new support which is common. Over the next few months the stock will approach the bottom of its major support channel that is pointing upward. For this reason, I do not expect much upward movement over the next three weeks.
Expand Your Knowledge
-Limitless Life Skills (limitlesslifeskills.com)
-Elliott Wave Ideas (elliottwaveideas.com)
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人檔案 個人檔案設定 帳戶和帳單 我的支援工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出