Show

Resistance

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>WMT stock retested the 20-day EMA and took a pause.</a> </li> 
 <li> <span>2</span> <a>Bulls are rescuing the gains and attempting a bounce.</a> </li> 
</ul> 
<p>Walmart stock (WMT) price traded near the 20-day EMA and showed a retracement in the past session. Moreover, the buyers are losing their grip and the price is heading to retest the neckline of $154. Furthermore, the chart shows a fake breakout of the ascending triangle pattern and reenters the congestion zone, signalling seller domination.</p> 
<p>Recently, Walmart introduced a new program named “ Walmart+ Assist” that offers government assistance of a 50% discount on monthly or annual membership plans to customers. Although this news does not impact much on the charts yesterday, WMT stock formed a doji candlestick on the charts.</p> 
<p>In the last sessions, WMT stock showed a breakout of the symmetrical triangle pattern, but the rally did not last longer, and sellers showed their muscles, and the price retraced back to the 61.8% Fib level to retest the support of $150. Moreover, the price is now at an exciting stage where buyers and sellers are engaged and are trying to escape the range.</p> 
<p>Walmart, Inc. engages in retail and wholesale business. The company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.</p> 
<p>At press time, WMT <a href="https://www.thecoinrepublic.com/2023/07/20/vodafone-group-vod-stock-showed-bearish-trend-in-ytd-analysi/" target="_blank" rel="noopener noreferrer nofollow">stock</a> was traded at $154.62 with an intraday gain of 0.03% showing neutral movements on the charts. Moreover, the intraday trading volume remained average at 4.446 Million, and the market cap is $416.366 Billion.</p> 
<p>Furthermore, the analysts maintained a buy rating with a one-year target price of $168.00, whereas the technicals suggest a neutral rating for the stock.</p> 
<h2 class="wp-block-heading" id="strong-daily-charts-show-range-bound-movements-strong"><strong>Daily Charts Show Range Bound Movements</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/sMuGBzk5HPaXUr5x0z_hWvUMTh0HouuH3R-XLdTW7R79KcSjdHMVYiINieywBAVWVZkQ-donMIWpEHehI42Yuo-xvHTf1RruQ1Il6V8wwLfpoeFV4ACv9PYPW-MspzK7CBqjzzpIUUDJmKH2tCEAaQ" alt="Will Walmart Stock Price (NYSE: WMT) Leap From the 20-day EMA?"> 
  <figcaption class="wp-element-caption">
    Source: WMT Stock Price Chart at TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>On the daily charts, WMT stock price stayed near the neckline of $154 and defended the lower trendline decisively. Moreover, the price is near the 50-day EMA and trading at the mid bollinger band, showing sellers’ hunger in the past trading session.</p> 
<p>As per the Fib levels, WMT stock was rejected from 61.8% and returned toward the 50% zone, which acts as support, and the price took a pause for the past sessions.</p> 
<h2 class="wp-block-heading" id="strong-short-term-chart-shows-consolidation-strong"><strong>Short Term Chart Shows Consolidation</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/cCyOZsaM9YQvEqW1Vs-LJUr3rxnIwfBAsqqyAux8RWwNDfUCfYN5m1I0BSuZURkhB1bWd6nOpBvc1g-VYZWrfI0euB4LbEhOar4OaP58f6pY-XCO5zegoXOoWnVNzLPYtY1eFtvGj5-AER7g283WLA" alt=""> 
  <figcaption class="wp-element-caption">
    Source: WMT Stock Price Chart at TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>On the 4-hour charts, WMT stock shows consolidation and stayed near the 20-day EMA. Moreover, the price is sustained above the neckline of $150, which shows neutral trend indications.</p> 
<p>The RSI curve stayed near the neutrality at 50 and showed a consolidation phase which indicates narrow range bound moves.</p> 
<p>The MACD indicator also shows convergence of moving averages with a signal line, which indicates decreased volumes and demand for the stock.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>WMT stock shows narrow range bound moves near $150, suggesting neutral trend indications.</p> 
<h5 class="wp-block-heading"><strong>Technical Levels:</strong></h5> 
<p>Support Levels: $145</p> 
<p>Resistance Levels:$160</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Will Walmart Stock Price (NYSE: WMT) Leap From the 20-day EMA?

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Thecoinrepublic.com

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