Skip to content

AI predicts Walmart stock price for November 30, 2023

AI predicts Walmart stock price for November 30, 2023

Walmart’s (NYSE: WMT) shares have surged notably in 2023, reaching a fresh all-time high this month, mirroring the broader market trend seen in the S&P 500 index. The retail giant’s stock saw a significant uptick last month after it surpassed Q2 profit and sales expectations, driven by robust grocery and e-commerce sales. 

Additionally, Walmart also raised its full-year guidance, further boosting investor confidence. 

Looking ahead, we turned over to the artificial intelligence (AI) algorithms on CoinCodex, seeking more insights into whether WMT can uphold its current momentum.

Walmart’s stock is expected to trade at $149.68 on November 30, suggesting a notable downside of more than 7% from its current share price, according to the AI-based predictions retrieved on September 28. 

CoinCodex’s WMT stock price prediction for November 30. Source: CoinCodex

Further ahead, the algorithms predict the retail giant’s shares to bounce back to $172.05 in 6 months’ time, followed by a slight pullback to $169.6 a year from now. 

Walmart stock price analysis

At the time of writing, WMT was sitting at $161.7, down 0.48% in the past 24 hours, and more than 1.1% on the weekly chart.

WMT 1-week price chart. Source: Finbold

On the month, WMT is up by around 2.5%, while gaining over 13.4% on a year-to-date basis, compared to S&P 500’s 11.7%.

At its current level, the retailer’s shares are facing a resistance at around $162.7. Breaching this barrier would clear the way for WMT to attack its all-time high of $165.7 reached in mid-September.

On the downside, the stock is facing support close to $160.8, indicating an area where buying pressure may increase. If the stock dips below that threshold, it will face another support level at $159.1, followed by a 100-day moving average (MA) at $156.6. 

Buy stocks now with Interactive Brokers – the most advanced investment platform

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

Related posts