Score 7.7 (out of 10): WALMART INC indicates to return +7.3% rally in 3 months

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What’s Going On Here?

Walmart is quietly preparing to enter the metaverse. The company filed several new trademarks late last month that indicate its intent to make and sell virtual goods.

Why Now?

WALMART INC appears to have reached a potential bottom. During similar occasions, WALMART INC shares had a median return of +7.3%, over the following 3 months – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for WALMART INC received a high score of 7.7 (out of 10). This insight was generated on 2022-January-27 with last price of 137.52.

What’s This Company About?

WALMART INC is in the Retail-Discount business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: WMT US.

What’s My Risk / Reward and Time Horizon?

We found 3 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 147.61 (+7.3%) has been reached. Based on WALMART INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 135.02 (last price at 137.52), which is equivalent to a -1.8% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

3.9% (October-2021), 7.8% (May-2021), 1% (February- 2021), 16.3% (June-2020), 3.2% (March-2020), 7.2% (January-2020), 7.5% (August-2019), 12.8% (December-2018), 8.2% (May-2018), -10.7% (February-2018).

Historical Chart:

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Summary:

NameWALMART INC
ViewUp
Star (1 to 10)7.7
Target+7.3%
Time3 months
Hit Rate90%

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