WMT 2020-09-20 Technical Analysis and Forecast


WMT Report

Sample Size: 10; Percent Error: 25%

Current Trend Performance

WMT is -9.16% from monthly high, 12.54% from monthly low, -1.79% from 10 day simple moving average, -1.87% from 20 day simple moving average, and 0.96% from 50 day simple moving average.

Forecast Ranges

Day 1:
The highs are 136.38, the lows are 131.46, and the median is 133.92. 50.0% to decrease between -4.72% - 0%. 50.0% to increase between 0% - 4.72%.
Day 2:
The highs are 138.94, the lows are 130.58, and the median is 134.76. 20.0% to decrease between -4.72% - 0%. 80.0% to increase between 0% - 4.72%.
Day 3:
The highs are 138.41, the lows are 130.82, and the median is 134.62. 50.0% to decrease between -4.72% - 0%. 50.0% to increase between 0% - 4.72%.
Day 4:
The highs are 140.41, the lows are 132.74, and the median is 136.57. 30.0% to decrease between -4.72% - 0%. 70.0% to increase between 0% - 4.72%.
Day 5:
The highs are 142.41, the lows are 133.02, and the median is 137.72. 60.0% to decrease between -4.72% - 0%. 30.0% to increase between 0% - 4.72%. 10.0% to increase between 4.72% - 9.44%.
Day 6:
The highs are 137.72, the lows are 127.08, and the median is 132.4. 10.0% to decrease between -9.44% - -4.72%. 50.0% to decrease between -4.72% - 0%. 40.0% to increase between 0% - 4.72%.
Day 7:
The highs are 137.7, the lows are 123.25, and the median is 130.47. 10.0% to decrease between -9.44% - -4.72%. 40.0% to decrease between -4.72% - 0%. 50.0% to increase between 0% - 4.72%.

Summary

SMA: Simple Moving Average

In next 5 days, there is possible support range between 128.9 and 131.46. There is possible resistance range between 137.84 and 141.68. Areas of uncertainty are beyond 126.47 and beyond 145.69. Minimum movement range is 4.72%.

Research conducted with Nforecast.

This is not a recommendation to buy, sell, or hold. This research is for educational, informational, and entertainment purposes. You should not construe any data or information presented by members on this blog or Nforecast LLC as investment, tax, legal, financial or other advice.