Walmart Inc WMT will be reporting its third-quarter earnings on Tuesday. Wall Street expects 53 cents in EPS and $167.72 billion in revenues when the company reports before market hours.

The stock is up 62.8% over the past year, 58.59% year-to-date.

Let’s look at what the charts indicate for Walmart stock and how the stock maps against Wall Street estimates.

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Walmart Stock Chart Bullish Ahead Of Q3 Earnings 

Walmart stock is in a strongly bullish trend, though slight selling pressure persists.

Chart created using Benzinga Pro

Walmart stock trades at $84.25, above its eight-day simple moving average (SMA) of $84.54, its 20-day SMA of $83.34, 50-day SMA of $81.42 and 200-day SMA of $68.94, all of which generate bullish signals.

The Moving Average Convergence Divergence (MACD) indicator, at 1.08, further supports a bullish stance, indicating upward momentum.

However, the rising Relative Strength Index (RSI) at 59.56 suggests the stock is heading towards overbought territory, hinting at potential caution ahead.

Walmart Analysts See 16% Upside

Ratings & Consensus Estimates: The consensus analyst rating on Walmart stock stands at a Buy currently with a price target of $91.31. The latest analyst ratings from Piper Sandler, BMO Capital and Jefferies suggest an average price target of $97.67 for Walmart stock, indicating a potential 15.89% upside.

WMT Price Action: Walmart stock was trading down 0.46% at $83.87 at the time of publication Monday.

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