Walmart Inc WMT will announce its second-quarter results on Thursday. Wall Street expects earnings per share of 64 cents and sales of $168.6 billion, as the company reports before the market closes.

The stock is up 28.85% year-to-date, but has fallen 1.70% in the last month.

Let’s take a look at what the charts say about Walmart stock and how the stock currently compares to Wall Street estimates.

Walmart stock is currently showing mixed technical signals.

Chart created with Benzinga Pro

The stock price of $68.55 is above the 8-day and 50-day moving averages (SMAs) of $67.90 and $68.54, indicating a bullish signal for the short to medium term. However, the price is below the 20-day SMA of $69.10, indicating a bearish signal for the medium term trend.

On a positive note, Walmart stock price is comfortably above the 200-day SMA of $59.96, indicating a long-term bullish trend.

Chart created with Benzinga Pro

The Moving Average Convergence Divergence (MACD) indicator with a negative value of 0.18 suggests bearish momentum, while the Relative Strength Index (RSI) of 50.11 suggests that the stock is flirting with oversold territory at 30 and below, which could indicate a possible recovery.

Moreover, the Bollinger Bands with a range of $66.97 to $71.56 support the bearish signal as the price is trading in the lower range. However, this also suggests that the stock could be potentially undervalued.

While the short-term and medium-term signals are mixed overall, the long-term trend and technical indicators point to a cautious but potentially favorable outlook for Walmart.

Also read: What will happen to Walmart shares on Wednesday?

Ratings and consensus estimates: The consensus analyst rating for Walmart stock is currently Buy, with a price target of $92.36. Current analyst ratings from Stifel, Telsey Advisory Group, and Wells Fargo suggest an 8.39% upside potential for Walmart stock, with an average price target of $74.33.

WMT Price promotion: At the time of publication on Wednesday, Walmart shares were trading 1.48% lower at $68.58.

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