Walmart (WMT) Stock Price Prediction: Bulls still have the trend, but the tape is not confirming the move

Price action is constructive, but not decisive

Walmart (WMT) closed at $125.60, up 1.23% on the day, and is still trading above its 7-day, 20-day, 12-day and 26-day averages. That matters because the moving-average structure remains in strong bullish alignment, with the 7-day average above the 20-day and both above the 50-day average. The stock is also sitting just above the pivot point at $125.32, with immediate resistance at $126.84 and stronger resistance at $128.07.

The problem is that the move lacks conviction. Reported volume is running at 0.72x the 5-day average, which suggests a low-volume bounce that still needs confirmation. Daily ATR(14) at $2.96 also says the name can move enough to test both sides of this range quickly.

Momentum is mixed, not explosive

The RSI at 60.30 is still in neutral territory rather than stretched. That leaves room for continuation, but not without fresh demand. Bollinger positioning is also moderate, with WMT at 0.6355 of the band and the upper band up at $129.60.

Momentum is less clean beneath the surface. The MACD histogram is flat at 0.0000, which points to fading directional urgency rather than an accelerating breakout. Stochastic readings are softer than the broader trend, with %K at 31.36 and %D at 25.09, leaving the stock vulnerable to another pause before a decisive push higher.

Trading levels that matter

Immediate support sits at $124.09, with stronger support at $122.57. Those are the levels that matter if the recent advance loses traction. On the upside, $126.84 is the first test, followed by $128.07. A clean move through that band would shift attention toward the Bollinger upper band at $129.60.

The current setup is best read as a trend that is still intact but under-confirmed. Bulls have the benefit of the MA structure; bears have the benefit of weak participation and a momentum profile that is not yet expanding.

Derivatives data points to caution, not euphoria

On Binance perpetual futures, funding is neutral at 0.0000%, so there is no obvious crowded-long signal from carry alone. Open interest is down 7.80% over 24 hours to $1.94 million, which points to position closing rather than fresh commitment.

The long/short ratios lean long — 63.5% long versus 36.5% short among Binance global accounts, and 63.4% long versus 36.6% short among top-trader accounts — but those are cohort ratios, not a read on the underlying shareholder base. More importantly, taker flow is leaning the other way: the 1-hour taker buy/sell ratio of 0.8652 shows aggressive selling pressure. In plain terms, the positioning is mildly bullish, but the execution flow is not helping the breakout case.

Fundamentals and near-term catalyst

According to stockanalysis.com, Walmart’s shares were last priced at $125.67 at the Nov. 11, 2026 close, with a market cap near $997.03 billion, trailing revenue of $735.84 billion, trailing net income of $22.08 billion, EPS of $2.76, and a PE ratio of 45.54. The same source lists an earnings date of Nov. 19, 2026.

That timing matters because MarketBeat says Walmart is scheduled to report Q3 fiscal 2027 results before the open on Thursday, Nov. 19, with analysts expecting about $0.637 per share on $187.27 billion of revenue, versus company guidance of $0.62 to $0.64 EPS. MarketBeat also notes the latest quarter beat estimates with EPS of $0.81 and revenue of $187.94 billion, up 5.9% year over year.

Analyst targets are still firm, but expectations are higher

Stockanalysis.com shows a broadly positive analyst backdrop, including Bernstein at $142, Bank of America at $139, Barclays at $132, and BMO Capital at $136. Bank of America’s latest note, reported by Investing.com and Proactive Investors, raised its target to $139 from $126 while keeping a Buy rating. The firm said it expects third-quarter EPS of $0.63, U.S. comparable sales ex-fuel of 2.8%, and a full-year guide toward the upper end of Walmart’s prior range.

That is a supportive setup, but it also raises the bar. If Walmart does not show acceleration in U.S. comps outside health and wellness, or if marketplace and advertising fail to translate into faster EPS growth, the stock may struggle to justify the higher multiple currently implied by the target revisions.

What would invalidate the bullish setup

The bullish case weakens if WMT loses $124.09 support and then fails to defend $122.57. A drop back below the 20-day average at $124.11 would also undermine the current structure, especially if volume remains thin and taker selling persists. On the other hand, a push through $126.84 and then $128.07 would improve the odds that the recent rally is more than a low-conviction bounce.