Walmart (WMT) Daily Technical Analysis
Walmart Inc.
The world’s largest retailer, operating a global chain of supercenters, discount stores, and grocery outlets. Walmart also runs a massive e-commerce platform, logistics network, and financial services ecosystem.
WMT Technical Analysis Summary
Walmart has staged a powerful recovery from its autumn lows near $104, breaking above both the 50-day and 200-day moving averages in a swift V-shaped rally. The stock is currently trading above its upper Bollinger Band around $129.23 with RSI reflecting strong bullish momentum. Near-term resistance lies in the $132–$134 region, while the $118–$120 zone now serves as critical long-term support.
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WMT Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Aggressive upside momentum has pushed price above the upper Bollinger Band and well above the 200-day SMA, supported by strong RSI readings in overbought territory.
Long-term Sentiment (weeks to months): Bullish
Price has successfully reclaimed the 200-day SMA following a double bottom formation, reversing the summer downtrend and targeting prior major swing highs.
Report Metadata
- Timeframe: daily
- Generated at: Nov 4, 2026
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $119.00 | $118.00 - $120.00 | Strong | Confluence of the 200-day SMA, the 20-day SMA middle Bollinger Band, and the recent breakout level. |
| $111.25 | $110.00 - $112.50 | Moderate | Aligns with the rising 50-day SMA and former resistance from July-August consolidation. |
| $104.25 | $103.00 - $105.50 | Strong | Major double bottom base established during August-October. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $133.00 | $132.00 - $134.00 | Moderate | Previous swing high and breakdown area from May. |
| $137.00 | $136.00 - $138.00 | Strong | Major historical peaks recorded in early February and late May. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Double Bottom Breakout | Bullish | $134.00 | Price established a solid double bottom around 103-104 during late August and October, subsequently breaking out through the neckline near 118 with accelerating momentum. |
Frequently Asked Questions about WMT
What is the current sentiment for WMT?
The short-term sentiment for WMT is currently Bullish because Aggressive upside momentum has pushed price above the upper Bollinger Band and well above the 200-day SMA, supported by strong RSI readings in overbought territory. The long-term trend is classified as Bullish.
What are the key support levels for WMT?
StockDips.AI has identified key support levels for WMT at $119.00 and $111.25. These levels may represent potential accumulation zones where buying interest could emerge.
Is WMT in a significant dip or a Value Dip right now?
WMT has a Value Score of 27/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
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