Walmart Inc Daily Price Recap
The end of a 3 day negative run has come for Walmart Inc, which finished yesterday up 1.84% ($2.38). This move happened on lower volume, as yesterday’s volume was down 29.6% from the day before — and down 18.98% from the same day the week before. Let’s take a look at the daily price chart of Walmart Inc.
Walmart Inc Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that Walmart Inc’s price has gone up 15 of the previous 30 trading days.
Overheard Around the Web
Here’s what one trader on StockTwits recently had to say in regards to WMT:
$SBUX $NKE $NAT $WMT Afternoon all. 😇 This week, I remain Bullish on the stock market, with the same view that there will be more upside than downside in the stock market. Please visit blog to view full analysis: https://tideinvestor.com/tide-indicators-analysis-18-april-2020/
One good news for this week will be that the fund flow on AUD has again reversed back to Long! As majority of my Tide Indicators remain Long on the stock market, there is no sign of trend reversal in sight yet from the fund flow of the stock market. The fund flow still remains Long and healthy for now.
Looking at the major charts, I can see that the stock market is currently on “risk-on” mode. For myself, I am expecting the stock market to enjoy another leg of trend up. Let’s see if it will be revealed in the upcoming weeks.
To end off, my Tide Indicators are still not supporting anyone to short the stock market. It will be more safe to go Long on the stock market along with the Bullish tide.
All the best trading everyone!