Walmart Inc (WMT  ) is reporting its second-quarter earnings on Thursday. Wall Street expects 64 cents in EPS and $168.6 billion in revenues as the company reports before market hours.

The stock is up 28.85% YTD, but down 1.70% over the past month.

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

Walmart Stock Technical Signals Mixed Ahead Of Q2 Earnings

Walmart stock is currently showing mixed technical signals.

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

On a positive note, Walmart stock's price is comfortably above the 200-day SMA of $59.96, signaling long-term bullishness.

The Moving Average Convergence Divergence (MACD) indicator at a negative 0.18 suggests bearish momentum, while the Relative Strength Index (RSI) of 50.11, points to the stock flirting with the oversold territory at 30 and below, which might imply a potential rebound.

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

Overall, while the short-term and medium-term signals are mixed, the long-term trend and technical indicators suggest a cautious but potentially favorable outlook for Walmart.

Walmart Analysts See 8% Upside

Ratings & Consensus Estimates: The consensus analyst rating on Walmart stock stands at a Buy currently with a price target of $92.36. Recent analyst ratings from Stifel, Telsey Advisory Group and Wells Fargo indicate an 8.39% upside for Walmart stock, with an average price target of $74.33.

WMT Price Action: Walmart stock was trading down 1.48% at $68.58 at the time of publication Wednesday.