Walmart Inc (WMT) Heads Down For the 2nd Day In A Row; in a Downtrend Over Past 14 Days

Walmart Inc 4 Hour Price Update

Updated June 19, 2020 04:33 PM GMT (12:33 PM EST)

The price of WMT increased $0.78 (0.66%) over the past four hours. For context, Walmart Inc’s peers in the in the Retail industry are up 0.5% on average in this time, while the broader Consumer Defensive sector is up by an average of 1.1%.

Walmart Inc Daily Price Recap

Walmart Inc closed yesterday down 0.87% ($1.04); this denotes the 2nd day in a row a decline has happened. This move happened on lower volume, as yesterday’s volume was down 0.44% from the day before — and down 3.26% from the same day the week before. The daily price chart of Walmart Inc below illustrates.

Walmart Inc Technical Analysis

Coming into today the current price of Walmart Inc is sitting close to its 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 19 out of the past 30 days.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about WMT:

    $SHOP $WMT and $fb news way overbought. Not to mention is 6 month old news. They’ve been working with business development for some time now. Shared it at their investor analyst day it was cooking. Retail traders are being taken for a ride. Time to start rethinking your position. At least for the short to mid term. Shakey ground here.