Walmart tries to recoup some losses - Analysis - 24-06-2022

Economies.com
2022-06-24 12:19PM UTC

Walmart's stock (WMT) rose in the intraday levels after launching an expansion plan to support healthcare products for women, with the stock surging 2.43,% in the last session, or 2.93 points, settling at 123.62, with trading volumes surpassing 6 million shares, above 10-day averages of 8.2 million shares. 

 

The stock is trying to recoup some recent losses amid positive signals from the RSI, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA. 

 

Therefore we expect the stock to return lower, targeting the pivotal support of 117.00, provided the resistance of 126.28 holds on.

 

Open Live Trading Account

Expected trend for today: Bearish

Stocks Technical Analysis

United States Analysis

Stocks

CVS price climbs cautiously - Forecast today - 28-03-2024
2024-03-28 11:18AM UTC
CVS Health Corporation Stock Analysis CVS Health Corporation’s stock price edged up in the ...
United States Analysis

Stocks

eBay price starts recovering - Forecast today - 28-03-2024
2024-03-28 11:17AM UTC
eBay Stock Analysis eBay’s stock price rose in the intraday levels amid the dominance of the ...
United States Analysis

Stocks

Taiwan Semiconductor price seeks a bottom to boost it higher - 28-03-2024
2024-03-28 11:17AM UTC
Taiwan Semiconductor Stock Analysis Taiwan Semiconductor’s stock price (TSM) fell in the ...