The Hourly View for Wal-Mart
- At the moment, WMT’s price is down $-0.56 (-0.42%) 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 100 hour timeframe.
- Of note is that the 20 hour changed directions on WMT; it is now pointing down. 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 down $-0.82 (-0.62%) from the day prior.
- Wal-Mart has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
- As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe.
- 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.
Latest News Discussing WMT
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August 2, 2022
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When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way…
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August 1, 2022
Apple Inc. raises $5.5 billion in a four-part bond deal on Monday, days after reporting upbeat quarterly results tied to robust iPhone sales.