Walmart Stock Shows Bearish Signals Ahead Of Q1 Earnings
Portfolio Pulse from Surbhi Jain
Walmart Inc (NYSE:WMT) is set to report Q1 earnings with Wall Street expecting 49 cents in EPS and $148.9 billion in revenues. The stock shows short-term bearish signals, trading below its 8-day, 20-day, and 50-day SMAs, but above its 200-day SMA. Analysts remain bullish with a consensus price target of $145.38, indicating a 13.66% upside.
May 15, 2024 | 4:42 pm
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Walmart Inc (NYSE:WMT) is set to report Q1 earnings with Wall Street expecting 49 cents in EPS and $148.9 billion in revenues. The stock shows short-term bearish signals, trading below its 8-day, 20-day, and 50-day SMAs, but above its 200-day SMA. Analysts remain bullish with a consensus price target of $145.38, indicating a 13.66% upside.
The stock is currently showing short-term bearish signals as it trades below its 8-day, 20-day, and 50-day SMAs. However, it remains above the 200-day SMA, indicating long-term bullishness. Analysts are bullish with a consensus price target of $145.38, suggesting a 13.66% upside. The mixed signals from technical indicators and bullish analyst ratings result in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100