Walmart (New York Stock Exchange: And die) is still leading the market after its rebound last year. Today, we examine the Elliott Wave structure behind its current breakout. This analysis charts the exact path and key upside targets for the next advance. Our technical chart reveals a compelling setup, driven entirely by strong momentum.
Elliot wave analysis
WMT’s recent rise originated from the blue box area of $86-$77. Specifically, buyers emerged during the market decline in April 2025. Later, the stock ended the fourth wave pullback. It then traded to all-time highs within the current wave V.
Currently, three swings towards new highs are showing. Therefore, the sequence remains incomplete. Therefore, it needs at least one more swing to end its five-wave advance from the April low.
Importantly, WMT is already trading within the initial target zone of $111-$120. Hence, investors should avoid chasing the rally here. After wave ((III)) is completed, a larger wave (IV) will begin to decline. This correction will create the next strategic buying opportunity before the uptrend resumes.
WMT weekly chart 1.06.2026
conclusion
WMT’s weekly bullish cycle remains strongly intact. Therefore, investors should target buying opportunities within weekly pullbacks. Use our Elliott Wave strategy to get accurate entry timing. Specifically, create positions after a 3, 7 or 11 swing retracement is complete. In addition, our blue box system identifies high-probability entry zones. So, this is disciplined
