$WMT Rebound Puts $110 Back on the Radar

Trend_Radar
18:38

$Wal-Mart(WMT)$

$Walmart (WMT) Closes +1.73% at $104.87: Consumer Defensive Rebound Off $102.84 Low, $119 Resistance Still Far

Latest Close Data: WMT settled at $104.87 (+1.73%) on 2026-09-01, bouncing from an intraday low of $102.84 to a high of $104.99. The stock remains -22.4% below its 52-week high of $135.16 and just +8.7% above its 52-week low of $96.51.

Core Market Drivers: Oppenheimer recently flagged a valuation reset and softer US comparable-sales trends, suggesting the short-term breather may continue but sees a bottom in the low $90s–low $100s. Walmart's Q2 General Merchandise momentum decelerated from mid-single-digit to low-single-digit growth. However, consumer defensive positioning and dividend support (0.92% yield) are cushioning downside.

Technical Analysis: Volume of 34.19M shares ran at 1.22× the 30-day average, confirming accumulation. RSI(6) recovered to 40.17 from oversold 23.30 just days ago — bullish momentum divergence. MACD remains negative at -1.57, but the histogram contraction signals slowing bearish pressure. KDJ shows J-line curling upward at 2.87, a nascent bullish crossover.

Key Price Levels: Primary Support: $103.29 (yesterday's low and prior pivot). Strong Resistance: $119.23 (key supply zone from late August). Immediate Pivot: $105.00 — a psychological round number and today's high area.

Valuation Perspective: WMT trades at 38.0× TTM earnings, well above its historical average forward P/E of 34.25× and near the upper band of its two-decade range. P/S of 1.14 is elevated for a traditional retailer. Forward P/E of 35.8× remains rich, but defensive premium persists.

Analyst Targets: 40 analysts cover WMT with an average target of $127.77 (range $82.62–$155.00). Ratings skew heavily bullish: 11 Strong Buy, 28 Buy, 5 Hold — no sell ratings, reflecting long-term conviction despite near-term multiple compression.

Weekly Outlook: Expect consolidation between $102.84–$108 range. A decisive break above $105 opens path toward $110; failure at $103.29 exposes $100 psychological support. Volume confirmation will determine the next directional move.

⚠️ Risk Disclaimer: This post is for informational purposes only and does not constitute investment advice. Trading involves substantial risk.

🎯$Walmart (WMT) Options Strategy: Bull Put Spread (Credit Put Spread)

  • Underlying: WMT

  • View: Cautiously bullish / consolidation with defined downside support near $100–$103

  • Strategy Type: Credit spread / short volatility, positive Theta, defined risk

  • Option Contract Portfolio:

    • Sell to Open WMT 20260918 100.0 Put @ $0.19 (mid)

    • Buy to Open WMT 20260918 95.0 Put @ $0.04 (mid)

    • Spread Credit: $0.15 (net)

  • Max Gain & Loss:

    • Max Gain: $0.15 per share ($15 per contract)

    • Max Loss: $4.85 per share ($485 per contract)

  • Initial Cost/Credit: $0.15 Credit (per share)


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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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