Take a look at this Walmart price level before the result report this week

The Walmart (WMT) parts are in the spotlight this week in front of the results of the first quarter of the Big Box retailer, which are due in front of the opening bell on Thursday.

Last month, the retailer retained its guidance of 3% to 4% sales growth for the first quarter, but waited that his “area of ​​results” had grown for the growth of the operating result, since the uncertainty of the tariff was awakened. Analysts from Morgan Stanley recently pointed out that the retailer is well positioned in view of his scale, the supply chain and the category mixture to manage import duties.

The Walmart shares closed for around 97 US dollars on Monday, even when the wider market after the news that the United States and China had agreed to suspend the enormous tariffs that the countries had imposed for 90 days. The share has increased by 7% since the beginning of the year and has exceeded the performance of the most important stock index and increased by 60% in the past 12 months, partly by the retailer's ability to gain customers with higher incomes and to expand its e-commerce business.

In the following we take a closer look at Walmart's table and apply technical analyzes to determine the most important price levels that are worth observing.

Consolidation before maintaining

Since a bear trap under the moving average of 200 days occurred on Walmart's Chart last month, the stocks staged a sharp turnaround.

In recent times, the share has consolidated on the declining trading volume before the quarterly results of the retailer this week, which points out that larger market participants and institutional investors continue to lead to the report.

However, the relative strength index remains above the neutral area and signals bullish price images.

Let us indicate several great support and resistance levels that investors will probably observe.

To observe main support levels

During the stock retracements, investors should first pursue the level of $ 90. This area can support near a horizontal line that combines the early April peak with the lower area of ​​the side drift, which forms on the diagram between the end of December and mid-January.

The failure of the bulls to successfully defend this large technical level could cause the shares to drop to around 85 US dollars. Investors can give up buying limits at this location near a consolidation branch near the March trough, which was done by the last bear trap of the last month.

To monitor important resistance levels

Bullic price campaign before the quarterly results of the retailer would probably bring the psychological value of $ 100. In this area near the upper levels of the side trading activities of the past week, the shares can be exposed to sales pressure, which also corresponds closely to the maximum level of the late February.

Finally, a stronger step on a higher step on the Walmart shares could rise to around 105 US dollars. This region in the table would probably attract considerable attention from investors near the record of the stock of the stock in mid -February.

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Until the date on which this article was written, the author has none of the above securities.