Is Walmart stock sinking?
Walmart Inc. has revised its earnings per share forecast from 6.40 USD to 6.48 USD, significantly below market expectations. In addition, the company's revenue projections have deteriorated. Against the backdrop of decreasing inflation in the US, there has been a sell-off of the issuer's securities. Concerns about competition with the e-commerce sector have re-emerged.
Today, let's focus on the Walmart Inc (NYSE: WMT) stock chart.
On the D1 timeframe, resistance has formed at 169.94, but support has not yet been established. The important historical levels were broken through during pre-market trading.
On the H1 timeframe, if the downward trend in the asset continues, the short-term target may be placed at 148.82. In the medium term, the target may hover around 145.14.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Walmart Inc. has revised its earnings per share forecast from 6.40 USD to 6.48 USD, significantly below market expectations. In addition, the company's revenue projections have deteriorated. Against the backdrop of decreasing inflation in the US, there has been a sell-off of the issuer's securities. Concerns about competition with the e-commerce sector have re-emerged.
Today, let's focus on the Walmart Inc (NYSE: WMT) stock chart.
On the D1 timeframe, resistance has formed at 169.94, but support has not yet been established. The important historical levels were broken through during pre-market trading.
On the H1 timeframe, if the downward trend in the asset continues, the short-term target may be placed at 148.82. In the medium term, the target may hover around 145.14.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.