Sideways action ahead? Here’s why Walmart price forecast remains stable despite earnings miss

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Walmart Rises 0.27% Today on Bullish Setup

Highlights

Walmart Inc. (WMT) trades at $102.98, maintaining a bullish technical structure above the MA-20 ($101.21), MA-50 ($99.81), and MA-200 ($95.87) averages.
Walmart raised its fiscal Q3 2026 net sales outlook to 3.75%–4.75% growth and guided EPS between $0.580 and $0.600 despite missing revenue and EPS estimates.
Price action indicates high (over 80%) probability of moves higher within a $98–$104 range over the next five trading days, barring a breakout or support failure.

Sales guidance and wage investments shift sentiment ahead of earnings

Walmart is preparing to report its third quarter 2026 earnings, guiding for EPS between $0.580 and $0.600 and raising its net sales outlook to a 3.75% to 4.75% increase. The company recently posted mixed quarterly results, with revenue and EPS both falling short of expectations. Walmart also announced further workforce investments, including wage increases and broader employee benefits.

Conflicting momentum indicators sustain sideways action amid weak trend

Daily momentum is mixed, with a bullish MACD but a neutral ADX showing weak trend strength. RSI and CCI indicate neither overbought nor oversold conditions, and the Stoch RSI is neutral. Intraday BBP suggests no strong dominance from buyers or sellers, with the current price near today's mid-range and not far from the open — indicating low volatility and a mild upward drift. A small gap up at the open exists, and the intraday tone remains sideways with modest gains. Multiple oscillators and momentum readings diverge, signaling uncertainty and the need for confirmation.

Upside scenario favored as trading range narrows with strong support

For the next five trading days, the price is expected to range from $97.89 to $101.62. There is a very high probability (over 80%) that prices will move higher, while a decline is unlikely. The baseline scenario anticipates continued sideways trading within the $98–$104 range. A breakout above $104 could spark bullish momentum, but a drop below dynamic support at $100.77 would risk a move toward $98.

Anton Kharitonov, expert at Traders Union, sees Walmart shares maintaining a technically bullish structure above key moving averages, but notes that mixed earnings results and diverging momentum indicators raise caution. He cites the company's improved sales outlook and investments in its workforce, yet highlights the lack of strong trend signals and mild, sideways intraday price action. Until there is confirmation via a breakout above $104 or a hold above dynamic support at $100.77, Kharitonov remains cautious. "Base case remains a sideways range between $98 and $104 — unless we see a clean breakout, I prefer to stay neutral in the short term."

Previously it was noted that earnings per share and revenue fell short of expectations while institutional investors adjusted their positions. Market commentary discussed how mixed technical signals and overbought indicators pointed to a limited upside potential.

Source of Data: WMT Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.