<ul class="list-ic vertical">
 <li><span>1</span> <a>WMT stock price: The stock price has been bullish for over a year, but the stock slipped on its opening on Friday</a></li>
 <li><span>2</span> <a>The company is giving regular dividends with an attractive price-to-earnings ratio</a></li>
 <li><span>3</span> <a>Walmart has been given a buy rating from the majority of analysts, see the prediction below&nbsp;</a></li>
</ul>
<p>WMT stock price opened at $159 last Friday, coming below its 50-day moving average price of $160 and further below the 150-day moving average of $154. Walmart has a 52-week low of $128.07 and a high of $165.85. It is a large-cap stock with a market cap of $420B. The price-to-earnings ratio is 30.6 on an earning pershare of $5.2. The company is giving regular dividend per share of $1.5 on an average.</p>
<h2 class="wp-block-heading" id="strong-finance-giants-are-bullish-on-the-stock-strong"><strong>Finance Giants are Bullish on the Stock</strong></h2>
<p>According to a report, Walmart Inc. (NYSE: WMT) has been assessed a “Moderate Buy” rating by 34 research firms that cover the company. Four analysts gave the stock a hold rating, while thirty analysts assigned a buy rating. The average price target for the next year among the brokerages that updated their coverage on the stock in the last year is $177.22.</p>
<p>As a large-cap multinational firm, the company has been under the radar of big names in finance and economy. The Goldman Sachs Group gave a target price of $182 recently and indicated a bullish prediction from their side. Jefferies Financial Group also raised their price target to $190, and another big name, KeyCorp, indicated a bullish trend from their side by setting a target price of $185</p>
<h2 class="wp-block-heading" id="strong-technical-analysis-and-prediction-of-the-wmt-stock-price-strong"><strong>Technical Analysis and Prediction of the WMT Stock Price&nbsp;</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh4.googleusercontent.com/zReiAxJIvkW9RsxvmVUnqBFEo-X-hLEMSgOa7n0ClpEdryHZ1FJWPmIF2V1VYLgIUGaCGOuv3gK5iiFMnkRQYQX7dNjHokhoYd0GnVjliZcbGbzv6VJKAJyAFDuTV3HIMAaV2g4qXpadeYQ1axL3lAk" alt="WMT Stock Price: Shares Fall Below the Trendline, is It the End?">
  <figcaption class="wp-element-caption">
   Chart provided by<a href="https://in.tradingview.com/chart/X78t0Vyp/?symbol=NYSE%3AWMT" rel="noopener noreferrer nofollow"> TradingView </a>(Daily time frame)
  </figcaption>
 </figure>
</div>
<p>Walmart has been in an uptrend since recovering from a fall in May 2022. Currently, the WMT stock price is at the level of $156 as the closing price of Friday. The stock is near the immidiate resistance of $165, which was made as the WMT stock price touched its all-time high in mid-September. The current support level is $153, which the bulls reclaimed on Friday.</p>
<p>For the last four months, the WMT <a href="https://www.thecoinrepublic.com/2023/09/13/iag-stock-price-half-yearly-reports-overwhelm-the-investors/" rel="noopener noreferrer nofollow">stock price</a> has been supported by the current uptrend. Although the Relative Strength Index is currently below its neutral zone, the prediction is that the stock may make a recovery on Monday.</p>
<p>Currently, the bulls are at a crucial point as the immediate resistance is just above the price and the uptrend is also closing down. To maintain this bullish trend, the stock will have to break past the resistance. That will result in a new all-time high for the WMT stock price.</p>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p>The WMT stock price received a buy rating from various analysts and firms, as the stock has made a recent all-time high. Currently, the stock is likely to trade its uptrend line and make a breakout again. That will result in a new all-time high price level</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p>Support: $153, and $145</p>
<p>Resistance: $165</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

WMT Stock Price: Shares Fall Below the Trendline, is It the End?

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Thecoinrepublic.com

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