Walmart: buyers step back in
Walmart stock gains 0.6% as buyers step back in and the Sell signal loses steam
Walmart: buyers step back in
Our view last week
Walmart stock closed the week up 1.6%, but underneath the surface the picture stays weak: in the latest session sellers dominated decisively and buyer dominance is collapsing, a sign the distribution phase is still underway. After last week's breakdown from the 114 area, the stock remains boxed between a nearby resistance and support, just above 112 and just below 111, with the Sell signal under management for nine weeks and the short still in profit.
This week's summary
Buyers took back control of Walmart stock this week: 55% of volume came in on the buy side, a sharp reversal from 79% on the sell side the week before. Money flow is improving and momentum is easing off: the Sell signal, active for 10 weeks, shows signs of running out of steam even as it stays technically in force. The short is up 3.4% since entry.
IQS Phase
50
ordinary
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#121 / 122
US stocks
Trade P&L %
+3.37%
from signal to date, no stop loss
Rank position
ranks 121st among the 122 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimein strong phase
Performanceweekly +3.25% · monthly +3.95%
WMT belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified in strong phase according to our weekly reading.
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