Wal-Mart Closed Yesterday Up 0.04%

The Hourly View for Wal-Mart

  • At the moment, WMT’s price is down $-0.27 (-0.18%) from the hour prior.
  • This move is a reversal from the hour prior, which saw price move up.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 50 hour moving average, resulting in them with price now being below 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.


The Daily View for Wal-Mart

  • At the moment, WMT’s price is up $0.06 (0.04%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe.
  • Price action traders may also wish to note that we see a doji candlestick pattern on Wal-Mart. Given that we see an uptrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
  • 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.


Featured Wal-Mart Commentary From Twitter

the concensus “implied move (IV)” of TSLA in next 30-days might be 30% (annualized)

but, the concensus “expected moves” of WMT in the next 30-day might be 10% (annualized)

hence TSLA IV (or options premium) is much higher than WMT IV, due to the difference in the expected moves https://t.co/kkmeemA6R6NA