The Tide May Be Shifting for Wal-Mart as it Crosses Below Its 20 Day Moving Average

The Hourly View for Wal-Mart

  • At the time of this writing, WMT’s price is up $0.27 (0.21%) from the hour prior.
  • The hourly chart shows that Wal-Mart has seen 2 straight up hours.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 200 hour moving average, resulting in them so that price is now turning above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Wal-Mart’s hourly price chart is shown below.

WMT

The Daily View for Wal-Mart

  • At the moment, WMT’s price is up $0.82 (0.65%) from the day prior.
  • The daily chart shows that Wal-Mart has seen 2 straight up days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 20 day moving average, resulting in them so that price is now turning above it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between WMT’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in WMT’s price.

Below is a daily price chart of Wal-Mart.

WMT

Featured Wal-Mart Commentary From Twitter

Never forget when the S&P rallied off of extreme lows when the grand news came out that there would be 5.24 million people unemployed in 2020 – and that later on the @JoeBiden administration would celebrate that those people would work 2 jobs at MCD and WMT to pad Jobs Reports. https://t.co/8Xv2Pm0Ly8

Emmonspired