Walmart shares weekly forecast: Chart holds just below resistance as seller momentum remains dominant

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Walmart gains 1.28% this week

Highlights

Walmart shares rose $1.70 over the past week to $111.17, closing at the high end of their recent range.
The stock's long-term trend remains bearish, with price action below key longer-term moving averages and negative momentum signals.
Expected trading range for the next five days is $102.65 to $113.41, with a 75% probability of decline and resistance at $111.8.

Earnings anticipation and capital returns support sentiment this week

Walmart's upcoming quarterly earnings report, scheduled for August 20, continues to anchor market attention as investors look for confirmation of single-digit growth, according to Yahoo Finance. The company is also maintaining its practice of capital returns through dividends and periodic share repurchases, as highlighted by The Motley Fool. Additional positive sentiment came as Walmart delivered humanitarian assistance to West Virginia flooding victims, confirmed in a July 24, 2026, press release.

Seller momentum and weak technicals shape weekly outlook

The daily chart shows developing trend strength, as the price holds just beneath resistance at $111.8 and stays well below the MA-200. Though volatility over the past week stands at 4.69%, momentum remains weak: MACD and Awesome Oscillator both signal "Sell", while CCI reads -114.34 in the oversold zone, suggesting seller dominance. Nearest support sits at $106.79, while the Ichimoku Kijun at $113.9 serves as an additional resistance level. This mix points to an emerging move higher that is not yet confirmed, with momentum and structure favoring a cautious approach.

Limited upside bias as downside risk prevails next week

For the next five trading days, the expected range is $102.65 to $113.41. The probability of a decrease is 75%, while the chance of an increase is just 25%. The base case sees the stock sticking within established support and resistance at $106.79 and $111.8. A close above resistance at $111.8 would open a path toward the upper bound near $113.41. A daily close below $106.79 may expose the lower end of the range near $102.65.

Viktoras Karapetjanc, expert at Traders Union, sees Walmart’s share performance this week as a sign of resilience, with price action holding firm despite sustained selling pressure and remaining in oversold territory. He notes that steady capital returns and Walmart’s ongoing humanitarian initiatives have helped maintain investor confidence heading into the next earnings report. The analyst believes that although key indicators still favor sellers, structural signals suggest an emerging opportunity if resistance at $111.8 is broken. In his view, holding above support at $106.79 keeps risk manageable with positive surprises possible in the coming week. "I remain optimistic — momentum is building, and a breakout above resistance could quickly shift the outlook in Walmart’s favor," he says.

Previously it was reported that Walmart's stock remained under medium-term bearish pressure with oversold momentum and cautious sentiment dominating the outlook. With a fresh earnings report on the horizon and technicals still pointing to weak momentum, traders should closely watch for any shift above daily resistance at $111.8 as a potential signal of short-term recovery.

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

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