WMT Stock Technicals: Gains 0.33% on Monday, RSI Overbought
On October 26, 2026: price 120.29 USD, trend uptrend, RSI 70.4, support 103.92, resistance 121.12. technical analysis of wmt stock.
By Alistair Sterling
October 27, 20264 min read
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WMT Stock Technicals
Why WMT is in focus today
Trading near its 3-month high (122.40)
RSI(14) at 70.4 — overbought zone
Uptrend confirmed (5-day change 1.34%)
Selected automatically from 30 NYSE (US) stocks by a technical-signal score with daily weighted randomisation — not a recommendation.
Walmart shares rose 0.33% to $120.29 in the latest session, putting the retailer close to its three-month high even as momentum readings enter overbought territory. For international investors, the tension matters: the chart shows a sustained advance, but the price is nearing resistance while trading volume remains below its recent average.
The data, sourced from exchange records as of October 27, 2026, show a 1.34% gain over five trading days and a 10.63% rise over one month. That makes Walmart worth watching today: its uptrend is intact, yet several indicators suggest the pace may be difficult to sustain without a pause. Technical signals describe price behavior, not the company’s underlying business performance.
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Trend & Price Action
Walmart trades above its 20-day simple moving average (SMA), at $112.77, and its 50-day SMA, at $109.53. A simple moving average smooths recent prices to help show direction; the shorter average sitting above the longer one is consistent with an advancing trend, although there has been no new moving-average crossover. The 20-day average’s 2.36% rise over five days indicates that the trend itself is also steepening.
The share price is at 95% of its 20-trading-day range, with resistance at $121.12 and support at $103.92. Its three-month high of $122.40 is close enough to frame the immediate test: a sustained move through resistance would put that high in focus, while a rejection could leave the stock vulnerable to a retreat toward nearer trend measures.
As shown in the chart, the price is approaching the upper Bollinger Band at $124.73, while the band midpoint is $112.77. Bollinger Bands widen as price swings increase; the 21.2% width signals elevated volatility, not a forecast of direction.
3-month price action chart of WMT: price, SMA20/50, Bollinger, support & resistance. Data: exchange.
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Oscillators & Momentum
The momentum picture is positive, but stretched. The RSI is 70.4, in overbought territory; RSI compares recent gains and losses, and readings above 70 are commonly treated as a warning that prices may have risen quickly. It does not, by itself, establish that a reversal is under way. The Stochastic reading is also overbought, with %K at 85.9 and %D at 90.2, reinforcing the signal that the recent advance has been strong.
The MACD remains positive at 3.299, above its 2.503 signal line, with a positive 0.797 histogram. This indicates that upward momentum is still in place, even as the other oscillators flag a crowded, extended move. As shown in the chart, the contrast is between positive trend confirmation from MACD and overbought readings from RSI and Stochastic—not a settled reversal signal.
Momentum chart of WMT: RSI(14), MACD, Stochastic. Data: exchange.
Volatility, Volume & Levels
The average true range (ATR), a measure of typical price movement, is $2.57, or 2.1% of the share price, pointing to moderate daily volatility. The wider Bollinger Bands suggest larger swings than a quieter market, so resistance tests or pullbacks may be more pronounced.
Trading volume was 16,170,200 shares, about 0.8 times the 20-day average of 21,204,655. That lighter participation tempers the strength of the latest advance: the price has risen, but the session did not bring unusually broad trading activity. On-balance volume (OBV), which combines volume with price direction, is rising, offering a more supportive sign that buying pressure has accumulated over time.
The key nearby ceiling is $121.12; a clear move above it would put the three-month high of $122.40 in view. If the price fails there, the rising SMA20 at $112.77 is a nearer reference point, with the 20-day support at $103.92 marking a deeper level to watch. These are conditional chart scenarios, not predictions.
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Technical Verdict: HOLD (wait & see)
HOLD (wait & see) is the clearest technical reading: the price remains above both moving averages, MACD and OBV are supportive, but RSI and Stochastic are overbought and the share is close to resistance on below-average volume. The verdict is invalidated if the price falls below $103.92, the stated 20-day support.
Ideal entry range: $112.77–$121.12, bounded by the SMA20 and nearby resistance; this is a chart-based reference, not a trade instruction.
Exit target: $122.40, the three-month high and the next stated price level above resistance.
Stop-loss protection level: $103.92, the stated 20-day support.
In plain English, the trend is rising, but the price is close to a ceiling and momentum gauges warn that a pause is possible.
Technical data
Reading
Last price
$120.29
SMA20 / SMA50
$112.77 / $109.53
RSI(14)
70.4 — overbought
Stochastic %K / %D
85.9 / 90.2 — overbought
MACD / signal / histogram
3.299 / 2.503 / 0.797
Support / resistance (20 trading days)
$103.92 / $121.12
Three-month high / low
$122.40 / $102.15
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Summary Data WMT
Last price
120.29 USD
Change 1 day / 5 days / 1 month
0.33% / 1.34% / 10.63%
Trend / MA-cross
uptrend / none
SMA20 / SMA50
112.77 / 109.53
RSI (14) / Stochastic %K
70.4 / 85.9
Bollinger %B / ATR
81% / 2.57
Support / Resistance 20 days
103.92 / 121.12
Data as of
27 October 2026 03:00 WIB
Disclaimer: This technical analysis is generated automatically from exchange data (via Yahoo Finance) and indicators calculated by JournalArta, for information and education only. The verdict and the entry, target and stop-loss levels are not investment advice or a solicitation to buy or sell any security. Investment decisions and their risks rest solely with the reader.
