Wal-Mart’s 3 Day Down Streak Comes to an End

The Hourly View for Wal-Mart

  • At the moment, WMT’s price is up $1.03 (0.84%) from the hour prior.
  • The hourly chart shows that Wal-Mart has seen 3 straight up hours.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe.
  • 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 $1.53 (1.25%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe.
  • Of note is that the 20 day changed directions on WMT; it is now pointing up. 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