Current trend

Shares of Walmart Inc., an American company that operates the largest network of wholesale and retail trade, are trading at 82.00.

The holiday sales period is approaching, and this year, the corporation intends to compete with the Prime service from Amazon.com. Starting this Monday and until December 2, a 50.0% discount on the Walmart Plus service is offered, because of which a year’s subscription will cost 49.0 dollars, more attractive than the price of Prime at 139.0 dollars, increasing the number of new customers for Walmart Inc.

Against this background, leading analysts at KeyBanc Capital Markets Inc. raised the target price of the issuer’s shares from 86.00 to 87.00, maintaining the rating at Overweight. Experts core their forecasts on the year’s survey of American consumers, which showed that 58.0% of respondents expect discounts amid concerns about high food prices.

The financial report is due on November 19: according to preliminary estimates, revenue will increase from 160.80B dollars to 167.55B dollars, and earnings per share (EPS) will decrease from 1.5300 dollars to 0.5267 dollars.

Support and resistance

On the daily chart, the trading instrument is rising, holding below the resistance line of the ascending channel 87.00–81.00.

Technical indicators maintain a buy signal: the AO histogram is high in the buy zone, and the fast EMA on the Alligator indicator is above the signal line, holding a wide fluctuation range.

Resistance levels: 83.20, 87.30.

Support levels: 80.80, 75.50.

Trading tips

Long positions may be opened after the price rises and consolidates above 83.20, with the target at 87.30 and stop loss 81.00. Implementation period: 7 days or more.

Short positions may be opened after the price falls and consolidates below 80.80, with the target at 75.50. Stop loss — 82.00.