Last month, an AI trading robot generated a 5.5% growth for WMT.
This AI trading robot, accessible at Swing Trader: BABA, F, META, NVDA, WMT (TA), was one of the best in our robot factory, generating 5.5% for WMT over the course of the previous month.
Artificial Intelligence (AI) trading robots have become increasingly popular in recent years, as they are capable of making quick and accurate decisions based on large amounts of data. These robots are designed to identify trading opportunities, make trades, and manage portfolios without human intervention. One such robot recently generated a 5.5% growth for Walmart (WMT) in just one month. In this article, we will analyze the earning results of WMT and examine the technical indicators that suggest a bullish trend in the stock.
Earnings Results:
Walmart is a multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. In the last quarter, WMT reported an impressive earnings beat, with revenue of $156.1 billion, up 8.6% YoY, and earnings per share of $1.69, beating estimates by $0.07. The company attributed the strong results to its e-commerce platform and robust sales in its grocery business.
Technical Analysis:
Moving averages are a widely used technical indicator that can help traders identify trends and potential trading opportunities. The 10-day moving average (MA) is a short-term average that tracks the price of an asset over the last 10 days, while the 50-day MA is a longer-term average that tracks the price over the last 50 days. When the 10-day MA crosses bullishly above the 50-day MA, it is considered a bullish signal that suggests the trend has shifted higher.
On March 29, 2023, the 10-day MA for WMT crossed above the 50-day MA, indicating a potential buy signal. To gauge the significance of this signal, we looked at past instances when the 10-day MA crossed above the 50-day MA. In 10 of the 14 past instances, the stock continued to move higher over the following month. This gives us a probability of 71% that the trend will continue upwards.
The recent earnings beat by Walmart and the bullish technical indicator of the 10-day MA crossing above the 50-day MA suggest that the stock could continue to trend upwards in the near future. The AI trading robot that generated a 5.5% growth for WMT last month may have taken advantage of these positive indicators to make profitable trades. However, it is important to note that past performance is not indicative of future results, and traders should always conduct their own research and analysis before making any investment decisions.
WMT's RSI Oscillator recovers from oversold territory
The RSI Indicator for WMT moved out of oversold territory on May 26, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 24 similar instances when the indicator left oversold territory. In of the 24 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where WMT advanced for three days, in of 319 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 296 cases where WMT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 19, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on WMT as a result. In of 90 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for WMT turned negative on April 26, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .
WMT moved below its 50-day moving average on May 24, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where WMT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
WMT broke above its upper Bollinger Band on May 08, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 59, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (5.456) is normal, around the industry mean (56.851). WMT has a moderately high P/E Ratio (35.336) as compared to the industry average of (22.783). WMT's Projected Growth (PEG Ratio) (3.435) is slightly higher than the industry average of (1.952). Dividend Yield (0.015) settles around the average of (0.034) among similar stocks. P/S Ratio (0.640) is also within normal values, averaging (1.153).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. WMT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
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