Walmart Stock: Bullish or Bearish? A Tug-of-War Ahead of Q2 Earnings
Walmart is set to report its second-quarter earnings on Thursday, with Wall Street expecting an EPS of 64 cents and $168.6 billion in revenue. The stock has risen 28.85% year-to-date, though it's down 1.70% over the past month.
Technical signals for Walmart stock are mixed ahead of Q2 earnings. The current price of $68.55 is above the eight and 50-day SMAs, indicating short-to-medium term bullishness. However, it is trading below the 20-day SMA, suggesting a bearish medium-term trend. The stock is comfortably above the 200-day SMA, signaling long-term bullishness.
The MACD indicator at -0.18 points to bearish momentum, while the RSI of 50.11 indicates the stock is nearing oversold territory, which could imply a potential rebound. The Bollinger Bands suggest a possible undervaluation as the price trades near the lower band.
Analysts currently rate Walmart as a Buy, with a consensus price target of $92.36, indicating an 8.39% potential upside. Overall, despite mixed short-term signals, the long-term outlook appears cautiously favorable.
Analysts currently rate Walmart as a Buy, with a consensus price target of $92.36, indicating an 8.39% potential upside. Overall, despite mixed short-term signals, the long-term outlook appears cautiously favorable.
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