WMT 10-Week forecast and technical analysis by Pretiming. | |||
◆ Closed price | |||
May 29, 2023 | 148.82 | 1.64% | |
◆ Appropriate Investment Position: Neutral | |||
◆ This week's stock price Buy-Sell strength analysis | |||
The current trend appears to be 'Entering an uptrend'. The OPEN-price started with a stronger decline rate than the current trend and The HIGH and LOW prices are showing a weaker HIGH-price and a weaker LOW-price Finally, the CLOSE-price closed with a weaker upward rate than the current trend. | |||
The overall buy-and-sell strength indicates that the buy strength is stronger than the sell. | |||
Assuming that the average buy strength is 100%, | |||
This week's buy strength is | 62% | | |
◆ Next week's stock price Buy-Sell strength Forecast | |||
Based on recent stock trends and technical analysis, it looks like WMT stock will enter an Uptrend next week | |||
The %strength of Risk & Return next week : | 93% | ||
HIGH ~ LOW % range next week : | 4.1% | 0.1% | |
Predicted Average return over the next 3 weeks: | 9.7% | ||
The price of WMT stock moves in line with the rise and fall of the stock market index with a probability of | 67% | | |
, and conversely, it moves against the stock market index trend with a probability of | 33% | | |
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◆ WMT stock price 10 Week forecast | |||
It is expected that the overall trend movement over the next 10 weeks will follow a strong upward direction, with a ratio of 4 : 6 for the downward to upward direction, indicating a higher proportion of the upward trend. And, in terms of the expected strength of the upward and downward movements, the upward strength is moderate, while the downward strength is moderate. Currently, it's about to begin an uptrend as a correction trend gradually transitions to small declines and strong rises. and The Buy-Sell strength has changed from a strong selling flow to a suddenly strengthening buying flow. | |||
Indicating that We are currently in a bullish zone so far. But It is likely to change to a bearish zone within a few weeks. A suitable investing position is 'Neutral' for now. The appropriate buying timing is predicted to be this week or next week. | |||
The buying date is | Jun 05 | | |
A good price to buy a stock: | $ 148.95 | ||
And the appropriate selling timing is predicted to be in 3 weeks. | |||
The selling date is | Jun 12 | to | Jun 19 |
A good price to sell a stock: | $ 157.29 | ||
(Forecast may change due to changes in the Buy-Sell strength) | |||
◆ Volatility of forecast | |||
Due to sudden changes in Buy-Sell strength that can cause instability in trend linkage, pretiming forecasting can be highly volatile. | |||
◆ Predicting the turning point of the trend | |||
None | | ||
◆ Forecast of Upper~Lower price range over the next 10 weeks | |||
Price: | 145.84 | ~ | 156.17 |
% Change: | -2.0% | ~ | 4.9% |
Median price between the upper and lower prices | 151.01 | 1.5% | |
◆ Analysis of the trend zone & level% and average strength of trends | |||
For the last 30 weeks, the average trend zone & level% | Bullish | 10% | |
The Current trend zone & level% | Bullish | 3% | |
The expected average trend zone & level% for the next 10 weeks | Bullish | 4% | |
If the trend moves upward from the current trend level%, it's expected to have an average upward strength of | 48% | (Max 100%) | |
And if it moves downward, it is expected to have a downward strength of | -43% | (Min -100%) | |
◆ Forecasting the strength of the trend and the range of the HIGH ~ LOW | |||
Trend | Strength% | HIGH | LOW |
In 1 week: Entering an uptrend | 93% | 4.1% | 0.1% |
In 2 weeks: Entering a downtrend | 75% | 2.3% | 0.2% |
In 3 weeks: Entering a downtrend | 19% | 3.1% | -0.1% |
In 4 weeks: Entering a downtrend | -48% | 0.4% | -2.4% |
In 5 weeks: Correction trend | -47% | -0.1% | -3.0% |
In 6 weeks: Entering an uptrend | -33% | 0.0% | -0.6% |
In 7 weeks: Entering an uptrend | 42% | 2.5% | -0.1% |
In 8 weeks: Rebound trend | 46% | 3.4% | 0.3% |
In 9 weeks: Entering a downtrend | 13% | 2.0% | -0.5% |
In 10 weeks: Entering a downtrend | -42% | 0.4% | -1.8% |
◆ Average closing price in case of rising: | | 2.2% | |
=> HIGH ~ LOW range: | 3.0% | ~ | -1.3% |
◆ Average closing price in case of falling: | | -1.9% | |
=> HIGH ~ LOW range: | 1.7% | ~ | -3.0% |
Stock forecast is based on the buy-sell strength analysis of pretiming. Get detailed information including best stocks to buy, stock price target and investment strategy, Bearish & Bullish stock trend analysis, stock technical analysis. | |||
