Walmart Inc (WMT) Heads Down For the 2nd Day In A Row; in a Downtrend Over Past 30 Days

The Hourly View for WMT

Last Updated March 4, 2021, 12:45 GMT

Currently, WMT’s price is down $-1.12 (-0.86%) from the hour prior. WMT has seen its price go down 12 out of the past 14 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 100 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

Walmart Inc is down 1.94% ($2.52) since the previous day, marking the 2nd day in a row a decline has happened. As for how volume fared, yesterday’s volume was up 42.9% from the previous day (Tuesday), and up 30.1% from Wednesday of the week before. Here is a daily price chart of Walmart Inc.


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 additional context, note that price has gone down 9 out of the past 14 days.

Overheard Around the Web

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

    $WMT May calls I'd be lucky to break even on. My 2023 calls I will make back everything and then some. If anyone has dry powder, highly recommend June and July calls as long as we don't see sub 115. GLTA