Wal-Mart (WMT) Closes Last Hour Down $-0.23; Heads Down For the 3rd Consecutive Day, Breaks Below 20 Day Average

The Hourly View for WMT

Last Updated January 21, 2021, 23:13 GMT

At the moment, Wal-Mart’s price is down $-1.1 (-0.76%) from the hour prior. This is the 2nd straight hour Wal-Mart has seen its price head down. 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 the day prior down 1.59% ($2.33); this denotes the 3rd consecutive day a decline has happened. The price move occurred on stronger volume; specifically, yesterday’s volume was up 56.36% from the day prior, and up 63.96% from the same day the week before. Let’s take a look at the daily price chart of Walmart Inc.


Walmart Inc Technical Analysis

Notably, Walmart Inc crossed below its 20 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Walmart Inc’s price has gone down 6 them.

Overheard Around the Web

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

    $WMT the stimulus wont be until March. I was dumb and got long calls last week because the dirty DEMOCRATS said they were going to get the stimulus straight away. Hit burned by the dirty Dems once again. No large screen tvs for the poors until March or April. I will return then to try and recoup my losses.