Walmart Inc (WMT) Up 0.31%, Crosses 20 Day Moving Average; Price Base in Formation Over Past 90 Days

The Hourly View for WMT

Last Updated February 16, 2021, 12:32 GMT

At the time of this writing, WMT’s price is up $0.06 (0.04%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. 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

The choppiness in the recent daily price action of Walmart Inc continues; to start today, it came in at a price of 144.47 US dollars, up 0.31% ($0.45) since the previous day. The price move occurred on volume that was up 4.91% from the day prior, but down 10.05% from the same day the week before. Here is a daily price chart of Walmart Inc.

WMT

Walmart Inc Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Walmart Inc crossed above its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone up 8 out of the past 14 days.

Overheard Around the Web

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

    🚨 WATCH LIST FOR TOMORROW PART 2 🚨 :

    $PLTR – Tomorrow could be our dip buying opportunity if it holds $31. If it doesn't then we'll see it go below $28 – $25. Let's hope for a nice ER & a strong hold on support. Will be watching it closely to add some CALLS to swing.
    $NIO – Chart looks really pretty, promising & ready to breakout soon. Plenty of upcoming catalysts. I have loaded my CALLS & posted here already. Don't miss this train.
    $WMT – ER PLAY / ER HYPE PLAY, tomorrow could be the day it'll start to see upside. My PT before ER is $150 + easy money here with some ITM CALLS imo.
    $CCIV – Former Citigroup executive Michael Klein raises it's stake in CCIV as we get more rumors on merger confirmation for upcoming week which is really great news. Strong close on Friday AH. We could easily cross $50 if the trend continues with more volume.

    On High Watch : $ROKU 🚨 👀

    GOOD LUCK & ALWAYS TRADE SAFE 💎
    FOLLOW ME HERE FOR MORE CONTENT & NIGHTLY WATCH LISTS 🚨
    www.thestocktraderhub.com 👈🏻 💎

    TheStockTraderHub