Technical Analysis Predictions for Walmart - WMT
Part I: The Volumetric Profile for Walmart.
Volume Stratification Analysis begins with the concept of the Volumetric Profile. This Profile is simply the cumulative volume over the history of the stock, distributed according to price range. The red bar marks the price range corresponding to the current price of WMT shares. |
Part II: Primary Volumetric Support and Resistance for WMT common stock.
Blue bars depict the Volumetric Profile for various price levels of Walmart. The thick orange line is the Volumetric Price and the maroon line is the Secular Price. General Volumetric Health is 1 on a scale from 1 (best) to 3 (worst), because the price is above the Volumetric line, indicating some positive market sentiment. |
A few layers of volumetric turbulence exist that could provide support on the downside. The most significant of these is found around $47.
|Support Level ID||Price Range||Peak Magnitude|
|1||$47.00 - $47.99||5.60|
|2||$26.00 - $26.99||0.31|
|3||$10.00 - $10.99||5.11|
Looking above today's price, there no significant resistance level to act as a ceiling on upward movement. |
Part III: Secondary Analytical Support and Resistance for Walmart Stock Prices
Secondary Support Levels for WMT
Horizontal maroon lines indicate Negative Volumetric Peaks. Price intervals with these characteristics are often associated with gaps, although they sometimes operate as support levels. Quarterly and yearly turn-arounds are circled. $19 is the most significant of several valleys (i.e. negative peaks) in today's profile underneath the current price for WMT. |
Secondary Resistance Levels for WMT
Here, the horizontal lines mark the points of Maximum Negative Slope in the Volumetric Profile. These strata are known to act as resistance levels against upward movement, and are sometimes associated with yearly and quarterly tops. Also, as is typical of resistance levels, they may do double duty as support, but that is not the typical case.|
Companies in the News:
|Friday, February 18, 2011: We have news on Fiserv, Inc., ticker symbol FISV. Signs of an over-bought condition have become noticable. Also, there are breaking events concerning Zimmer Holdings, Inc. and D.R. Horton, Inc.. |
From the News Archive: (2/18/2011 ) Favorable events happened at Robert Half International Inc. and Southwestern Energy Company. Meanwhile, bad news came from McCormick & Company, Incorporated and Reynolds American, Inc..
More WMT Technical Analysis Topics
Information on public pages is delayed. Associates of Hybrid Technical may hold positions in issues covered here. These reports are not to be used for stock-picking or investment decision support. Any such use is strictly prohibited.
Notice: Pages available to the public on this site are for entertainment and academic purposes only. We do not advocate investment in common stock. We do not recommend the purchase or sale of this or any other issue. Research shows that most people who invest in common stock will lose money.
Charts and concepts are property of Hybrid Technical. All Rights Reserved. All Content is Copyright 2010 by Hybrid Technical