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 is attempting a short-term recovery off a double bottom established around 103.50, successfully reclaiming both its 20-day and 50-day moving averages. However, the broader trend remains constrained below the downward-sloping 200-day SMA at 118.17, which serves as substantial overhead resistance. Long-term investors should watch for a decisive breakout above the 111.00-112.50 area to confirm upside continuation toward the 200-day moving average.
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WMT Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price has rebounded sharply from support near 103.60, breaking above both the 20-day SMA (107.40) and 50-day SMA (108.50) while RSI expands to 59.17.
Long-term Sentiment (weeks to months): Bearish
Price continues to trade well below the descending 200-day SMA (118.17) after establishing a series of lower highs and lower lows since the peak above 138 earlier in the year.
Report Metadata
- Timeframe: daily
- Generated at: 2026-10-08T20:18:57.724Z
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $107.95 | $107.40 - $108.50 | Moderate | Confluence zone of the 20-day SMA (107.40) and 50-day SMA (108.50), serving as immediate breakout support. |
| $103.50 | $102.50 - $104.50 | Strong | Established double-bottom support base and near the lower Bollinger Band. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $111.75 | $111.00 - $112.50 | Moderate | Upper Bollinger Band test and recent swing high from late September. |
| $117.25 | $116.00 - $118.50 | Strong | Major structural resistance zone aligned with the declining 200-day SMA (118.17). |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Moderate | Double Bottom | Bullish | $118.50 | Two distinct troughs formed around 103-104 in late August and late September with a neckline around 111.00. |
Frequently Asked Questions about WMT
What is the current sentiment for WMT?
The short-term sentiment for WMT is currently Bullish because Price has rebounded sharply from support near 103.60, breaking above both the 20-day SMA (107.40) and 50-day SMA (108.50) while RSI expands to 59.17.. The long-term trend is classified as Bearish.
What are the key support levels for WMT?
StockDips.AI has identified key support levels for WMT at $107.95 and $103.50. 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 31/100. 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.
View the full interactive analysis on StockDips.AI.