Walmart Inc (WMT) Moves Down For the 2nd Consecutive Day; Nears 100 Day Moving Average

The Hourly View for WMT

Last Updated January 29, 2021, 12:41 GMT

At the time of this writing, WMT’s price is up $0.85 (0.59%) from the hour prior. WMT has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 20 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 closed yesterday down 0.06% ($0.09); this denotes the 2nd consecutive day it has gone down. This move happened on lower volume, as yesterday’s volume was down 25.62% from the day before — and down 7.83% from the same day the week before. Let’s take a look at the daily price chart of Walmart Inc.


Walmart Inc Technical Analysis

Coming into today Walmart Inc is now close to its 20 and 100 day averages, located at 145.86 and 144.3 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 7 out of the past 10 days.

Overheard Around the Web

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

    $INND is Currently Selling Direct-to-Consumer Hearing Aids with $WMT many more & FUTURE Retailers in the coming weeks. Future OTC Reg from FDA will 100X the market potential & retailers Instantly for $INND. $INND can reach $EAR level Revenue without OTC Reg, but New OTC Reg will 100X $INND Revenue Potential Instantly!

    FYI: $EAR did $69 Million in REV in 2020, and has $2+ Billion Dollar Market Cap!

    $IIN $OZSC