Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Walmart stock price has been outperforming the market since the last few trading sessions.</a> </li> 
 <li> <span>2</span> <a>WMT shares are trading above the 20, 50, 100, and 200-day daily moving averages.</a> </li> 
 <li> <span>3</span> <a>Walmart Inc. (NYSE: WMT) shares have recovered around 13.40% year to date.</a> </li> 
</ul> 
<p>Walmart stock price has been trading with a strong upside trend but may initiate its fall according to analysts. WMT share price has been increasing for the last four trading sessions, consecutively and now sellers may approach any time to short WMT shares. Meanwhile, Walmart Inc. (NYSE: WMT) stock needs to maintain the accumulation rate of buyers in order to maintain its recovery phase over the daily time frame chart.&nbsp;</p> 
<p>Walmart Inc. (NYSE: WMT) stock has been recovering from last year and now may initiate its fall as sellers approach the trade. Meanwhile, the accumulation rate of buyers is also declining and sellers can grab the opportunity during the intraday trading session.</p> 
<p>Walmart stock price was at $161.68 and has gained around 0.30% of its market capitalization during the day’s trading session. However, trading volume was below average and needed to grow during the day’s trading session. This demonstrates that the accumulation rate of buyers is not up to the mark.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-will-walmart-stock-maintain-its-recovery-strong"><strong>Will Walmart Stock Maintain Its Recovery?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/_DehwO2BMGQg4omq42IY_a6iPR1cqa2ccoUuSoCWgAW-b-9L4XfFJkygLtKHMaBpK2PhE2ciIIPyreVvwlj9fncnPH3AYI_1oh4kqSpDe82xPvtxnXqf5LDktOYnGCxFRDjLwD95MzlW31MeuqvIIQ" alt="Walmart Stock May Start Slipping From This Level – Says Analysts"> 
  <figcaption class="wp-element-caption">
    Source: NYSE: WMT by <a href="https://www.tradingview.com/x/kPV8wrfh/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Walmart stock price has been recovering over the daily time frame chart but analysts speculate that WMT shares may fall now. Due to certain circumstances, analysts suggest that WMT stock may initiate slipping as soon as it approaches the primary resistance level of $162.85. Meanwhile, the accumulation rate of buyers needs to be increased during the day’s trading session.&nbsp;</p> 
<p>Analysts believe that WMT share price may initiate its fall from the primary resistance level. However, investors are advised to look for any directional change over the daily time frame chart beforehand.&nbsp;</p> 
<p>Walmart stock price has gained around 2.23% in a week and 1.07% in a month. Moreover, WMT shares recovered around 9.81% in the last three months and 14.62% in the last six months. In addition, WMT share price gained 13.40% year to date. This confirms the facts regarding WMT share’s maximum recovery during 2023.</p> 
<p>Technical indicators suggest the upside trend of Walmart stock. The relative strength index and moving average convergence divergence both confirm the recovery of WMT shares.&nbsp;</p> 
<p>RSI was at 62 and is heading towards the overbought territory. The MACD line is above the signal line after a positive crossover. Investors in Walmart Inc (NYSE: WMT) need to wait for any directional change over the daily time frame chart.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/08/27/walmart-stock-analysis-wmt-share-a-buy-or-a-sell-in-2023/" target="_blank" rel="noopener noreferrer nofollow">Walmart stock price </a>has been trading with a strong upside trend but may initiate its fall according to analysts. Meanwhile, the accumulation rate of buyers is also declining and sellers may grab the opportunity during the intraday trading session. However, investors are advised to look for any directional change over the daily time frame chart beforehand. Technical indicators suggest the upside trend of Walmart stock.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $160.17 and $158.35</p> 
<p>Resistance Levels: $162.30 and $162.80</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 they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;&nbsp;&nbsp;</p>

Walmart Stock May Start Slipping From This Level – Says Analysts

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Thecoinrepublic.com

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