Walmart shares weekly forecast: Hovering near support as MACD shows persistent sell bias

Traders Union
All News
Stocks
Walmart slips 1.40% this week

Highlights

Shares of Walmart closed at $106.35 after falling 1.4% over the last 7 days.
The stock exhibits a bearish structure, trading below key moving averages with momentum indicators showing strong selling pressure.
Support stands at $105.35 and resistance at $106.76, with an expected range of $103.82 to $112.57 next week and a high likelihood of further declines.

AI advancements and profit upgrade bolster sentiment amid innovation focus

Walmart expanded its digital and AI initiatives across shopping, shelf labels, and customer engagement channels while lifting its full-year profit forecast to $2.80 to $2.87 per share after strong global online sales and membership fee growth, according to Yahoo Finance. New developments this week include the opening of a Neighborhood Market store, enhancements to employee training opportunities, and the roll-out of Apple Pay and Google Pay in U.S. locations. The company’s introduction and regulatory attention to its Sparky AI assistant add to the focus on innovation heading into the next week.

Momentum stays weak as MACD signals selling and support contains downside

On the daily chart, structure is weak as price hovers near the bottom of the weekly range, with contained momentum driving a move within a narrow range. MACD remains in strong sell territory, while Stoch RSI is approaching oversold at 25.32, highlighting downside pressure as volatility sits at 5.36%. The nearest support is at $105.35, with resistance at $106.76 from the Ichimoku Kijun, currently capping any upward move.

Bearish bias prevails for next week unless resistance is breached

Next week, the expected range is $103.82 to $112.57, with a very high probability (more than 80%) of further decreases and a very low probability (less than 20%) of an increase. The base case is for price to trade between $105.35 support and $106.76 resistance. A bullish scenario would require a push above $106.76, while a bearish break below $105.35 opens the door for deeper declines toward the lower end of the expected range.

Sholanke Dele, market strategist, notes that shares of Walmart are under notable selling pressure this week, closing near $106 after a 1.4% slide. He sees weak daily chart structure, with momentum trapped below resistance at $106.76 and support at $105.35 holding for now. Despite Walmart's renewed digital and AI initiatives, profit forecast upgrade, and new in-store offerings such as Apple Pay, Dele remains cautious due to strong sell readings on the MACD and the low probability of an immediate rebound. He believes the price is likely to stay rangebound between $103.82 and $112.57, with downside risk still prominent unless $106.76 is clearly broken. "Until shares push above $106.76 on strong volume, I see little reason for optimism and expect sellers to remain in control this week."

Previously it was reported that Walmart shares remained under pressure despite improvements in online sales and raised profit guidance, as technical indicators pointed to a prolonged downtrend. The current setup adds new emphasis on downside risk as prices test key support levels, making any breach below $105.35 critical for traders monitoring further declines into the expected range.

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

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.