Walmart Inc (WMT) Down 0.96%; in a Downtrend Over Past 14 Days

The Hourly View for WMT

Last Updated March 3, 2021, 12:47 GMT

At the moment, WMT’s price is up $1.07 (0.82%) from the hour prior. WMT has seen its price go down 5 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Walmart Inc Daily Price Recap

130.11 was the closing price of the day for Walmart Inc, resulting in today being one in which price moved down 0.96% ($1.26) from the day prior. This move happened on lower volume, as yesterday’s volume was down 15.47% from the day before — and down 20.16% from the same day the week before. Let’s take a look at the daily price chart of Walmart Inc.

WMT

Walmart Inc Technical Analysis

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 another vantage point, consider that Walmart Inc’s price has gone down 7 of the previous 10 trading days.

Overheard Around the Web

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

    $COST $WMT $HD $L $KO

    Consider diversifying your investment portfolio to take advantage of the tremendous growth in the E.V. market.

    "NMGRF" – Listen To The C.E.O.

    Noveau Monde Graphite.

    The demand for graphite will exceed the supply in four years.

    "Graphite is the new gold."

    Will be the largest producer of graphite in the Western Hemisphere.

    Under $2. $10 by the end of the year.

    Uplisting to NASDAQ.

    https://youtu.be/0iemnFU15yw

    Solantey