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<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Walmart’s stock price fell 1.21% in Intraday on Thursday’s session and closed at 161.92.&nbsp;</a> </li> 
 <li> <span>2</span> <a>Walmart’s share price showed weakness near an all-time high.&nbsp;</a> </li> 
 <li> <span>3</span> <a>WMT stock price persisted in a strong uptrend and maintained its position above the key 50-day EMA.&nbsp;</a> </li> 
</ul> 
<p>Walmart stock price persists in a strong uptrend and hit an all-time high price of $165.85 on Thursday, 15th September. The stock experienced some profit booking near the all-time high and slid down after a short consolidation. The stock added a decline of $1.99 on Thursday to the decline forming a bearish engulfing candle.<br><br>The daily chart illustrates the formation of a bearish price action in the short term. The stock may continue to follow the trend in Friday’s session. Moreover, the Walmart stock price chart shows the formation of a parallel channel pattern. The price might decline to the lower boundary of the parallel channel pattern and 50-day EMA.&nbsp;</p> 
<p>&nbsp;The Walmart company engages in retail and wholesale business. According to the latest financial reports, Walmart had a strong revenue growth of 5.7% in the second quarter. The company reported quarterly results on 17th August 2023. The company’s operating income grew faster than the revenue, growing by 6.7%. The company originated in the United States and has over 11000 stores in 27 countries.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="538" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-682-1024x538.png" alt="" class="wp-image-170311" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-682-1024x538.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-682-300x157.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-682-768x403.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-682-750x394.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-682-1140x598.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-682.png 1461w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: barchart.com 
  </figcaption> 
 </figure> 
</div> 
<p><a href="https://www.thecoinrepublic.com/2023/09/04/walmart-stock-wmt-stock-marked-52-week-high-after-earnings/" rel="noopener noreferrer nofollow">Walmart stock</a> derivatives’ data analysis shows that the current implied volatility in the market is 14.62% with an increment of 1.22% in the last trading session. The at-the-money strike price has 3,387 open contracts on the PUT side and 1571 open contracts on the CALL side, indicating the presence of buyers at the current level.&nbsp;&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-walmart-stock-price-showed-weakness-over-the-daily-chart-strong"><strong>Walmart Stock Price Showed Weakness Over the Daily Chart</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="457" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-683-1024x457.png" alt="" class="wp-image-170312" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-683-1024x457.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-683-300x134.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-683-768x343.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-683-1536x685.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-683-750x335.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-683-1140x509.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-683.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: WMT 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Walmart stock currently trades at $161.92 with an intraday loss of 1.2% on Thursday’s session. The stock consolidated near the top and formed a bearish price action. The price might follow through on Friday’s session as there is some more space for the price to decline.<br><br>The stock still persists in a spring uptrend in the long term. The buyers may try to halt the decline near the support levels and the price might resume with the long-term trend.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-technical-indicators-show-loss-in-momentum-strong"><strong>Technical Indicators Show Loss in Momentum&nbsp;</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="457" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-684-1024x457.png" alt="" class="wp-image-170313" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-684-1024x457.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-684-300x134.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-684-768x343.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-684-1536x685.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-684-750x335.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-684-1140x509.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-684.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: WMT 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The Technical indicators’ opinion rating including RSI and MACD for the stock is an 88% buy with a strengthening short-term outlook on maintaining the current trend.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/09/07/walmart-stock-price-soaring-near-all-time-high-will-it-sustain/" target="_blank" rel="noopener noreferrer nofollow">Walmart stock price </a>reached a record high of $165.85 but then fell sharply forming a bearish engulfing candle on Thursday. The stock may continue to decline on Friday, following the short-term downtrend. The price may find support at the lower boundary of the parallel channel pattern and the 50-day EMA.&nbsp;</p> 
<p>Walmart is the world’s largest retailer and had a strong revenue growth of 5.7% in the second quarter. The stock is still in a long-term uptrend and the buyers may try to resume the bullish momentum.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> $159.91 and $153.55</li> 
 <li><strong>Resistance levels:</strong> $163.81 and $165.77</li> 
</ul> 
<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 or stock comes with a risk of financial loss.&nbsp;</p>

Walmart Stock Price Shows Weakness Near All-Time High: Analysts

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