Walmart Inc (WMT) Heads Down For the 3rd Day In A Row, Breaks Below 100 Day Average; Pin Bar Pattern Appearing on Chart

Walmart Inc 4 Hour Price Update

Updated June 26, 2020 04:40 PM GMT (12:40 PM EST)

In the past four hours of today’s trading session, WMT’s price is down $-0.14 (-0.12%). To help put that in perspective, note that Walmart Inc’s peers in the in the Retail industry are down -0.86% on average during this time, while its counterparts in the broader Consumer Defensive sector are down by an average of -0.82%.

Walmart Inc Daily Price Recap

Walmart Inc closed the day prior down 0.49% ($0.59); this denotes the 3rd day in a row a decline has happened. The price move occurred on volume that was up 0.08% from the day prior, but down 18.3% from the same day the week before. The daily price chart of Walmart Inc below illustrates.

Walmart Inc Technical Analysis

Notably, Walmart Inc crossed below its 100 day moving average yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 20 out of the past 30 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to WMT:

    $WMT algos have a hold of this and will take it down. scale In under 118. Short position at the moment but bullish short, medium and long term, covid or no covid.