Walmart Inc. (NYSE:WMT), -1.14% tries to bolster its online business

Walmart Inc. (NYSE:WMT), -1.14%  tries to bolster its online business

Walmart Inc. (NYSE:WMT), -1.14% tries to bolster its online business

Walmart WMT, -1.14%  tries to bolster its online business, it is staring down steep U.S. e-commerce losses that could amount to $1 billion this year, according to analysts at Morgan Stanley. Part of the problem is that the company sells a heavy mix of consumable products online, while competitors have found success in e-commerce focusing on products such as makeup or sporting goods.

Though Walmart doesn’t break out earnings for its online efforts, the company’s attempts to more profitably conduct e-commerce business will once again be in focus during its Thursday morning call.

Technical Indicators

Overall, the bias in prices is: Downwards.

The projected upper bound is: 110.05.

The projected lower bound is: 104.71.

The projected closing price is: 107.38.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 3 white candles and 6 black candles for a net of 3 black candles. During the past 50 bars, there have been 25 white candles and 24 black candles for a net of 1 white candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 50.4536. This is not an overbought or oversold reading. The last signal was a buy 2 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 36.70. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 3 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -85. This is not a topping or bottoming area. The last signal was a buy 1 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 15 period(s) ago.

Rex Takasugi – TD Profile

WALMART INC closed down -1.240 at 107.280. Volume was 25% below average (neutral) and Bollinger Bands were 59% wider than normal.

Open     High      Low     Close     Volume___
108.080 108.360 106.730 107.280 1,224,368
Technical Outlook 
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period     50-period     200-period
Close: 109.06 110.11 101.11
Volatility: 24 16 21
Volume: 1,880,765 1,558,835 1,971,447

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

WALMART INC is currently 6.1% above its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect moderate flows of volume out of WMT.N (mildly bearish). Our trend forecasting oscillators are currently bearish on WMT.N and have had this outlook for the last 11 periods.

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