Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>Walmart’s stock price is currently trading at $156.41 with a drop of 1.68%, showcasing bearish pressure on the daily chart.</a></li>
 <li><span>2</span> <a>WMT stock price has witnessed sharp profit booking.</a></li>
</ul>
<p>Walmart stock price halted near the value of $165.81, breaking below the 50 and 100-day exponential moving averages. WMT stock is witnessing a sharp correction below the key moving averages. However, short sellers were trapped during the previous session as it took a reversal from the 200-day EMA by making a long wick.</p>
<p>The WMT stock price is open at the price of $158.65 with a high of $158.99 and a low of $151.65. Additionally, the price closed at the price of $156.41; trading volume was 14.205 Million.</p>
<p>Moreover, Walmart stock (NYSE: WMT) is still trading in the bullish zone above the 200-day moving average showing it could continue bullish momentum.</p>
<p>The price action suggests that the stock is ready for significant upward movement despite mild bearishness. Buyers are working hard to maintain these levels, showing their confidence in the stock’s movement.</p>
<p>Sellers demonstrated their strength in the past few trading sessions. However, buyers don’t want to shift the trend in the sellers’ favor and have been accumulating more of the stock, extending the uptrend.</p>
<p>Walmart stock highlights the stock price might rebound anytime from the lower levels. Moreover, the price action shows higher highs and higher lows, indicating that the stock is bullish and is unlikely to slow down.</p>
<p>At press time, Walmart stock was $156.41 with an intraday loss of 1.68%, showing bearishness in the previous trading session on the daily chart. Furthermore, the trading volume is 14.205 Million, and the market cap is $420.987 Billion.</p>
<h2 class="wp-block-heading" id="strong-what-next-walmart-stock-price-150-and-160-mark-strong"><strong>What Next Walmart Stock Price $150 and $160 Mark?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh3.googleusercontent.com/Ks9PoZXiN6SeGcuaEaeWD5ogHGC36fx9SUZbRIYiNvOJ8ocQwWLiRDEh6rWCB9e1AeOtvBNZhflwbTV1MejuvfNtB0cKW0T9fin_cTjChuive-Ksd-W6C8sU-qc-rt9bFFspDwNjO0SdeIbUHHfNP2w" alt="">
  <figcaption class="wp-element-caption">
   Source: Walmart.1D.NYSE by <a href="https://www.tradingview.com/x/6uLTtfy2/" rel="noopener noreferrer nofollow">TradingView</a>
  </figcaption>
 </figure>
</div>
<p>Currently, Walmart <a href="https://www.thecoinrepublic.com/2023/09/07/walmart-stock-price-soaring-near-all-time-high-will-it-sustain/" rel="noopener noreferrer nofollow">stock </a>(NYSE: WMT) is trading above the&nbsp; 200-day exponential moving averages(EMAs), which are supporting the price momentum.&nbsp;</p>
<p>The current value of RSI is 34.94 points. The 14 SMA is below the median line at 48.61 points, suggesting that Walmart stock is witnessing weakness on the daily&nbsp;</p>
<p>The MACD line at -0.6200 and the signal line at -0.7448 are breaking below the zero line. A bearish crossover is observed in the MACD indicator which signals weakness in the momentum of the WMT stock price.</p>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p>Walmart stock price witnessing corrective moves as it breaks below 50 and 100-day exponential moving averages in recent sessions and bounces back from the 200-day EMA. Key indicators like MACD, RSI, and EMAs indicate weakness on the daily chart.</p>
<h3 class="wp-block-heading" id="technical-levels">Technical Levels</h3>
<ul>
 <li>Support Levels: $155.42 and $152.24.</li>
 <li>Resistance Levels: $160.39 and $165.18.</li>
</ul>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.</p>

Walmart Stock: Will WMT Stock Break Below the Level of $150?

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Thecoinrepublic.com

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