Volatility Contraction Sets Up WMT Move Near $120.27
Walmart Inc (WMT) traded flat at $120.27 on May 26.
Chart analysis reveals a bearish configuration:
Moving Averages
Price sits below both the 9-day ($127.72) and 21-day ($128.72) EMAs, suggesting short-term weakness.
Momentum
RSI at 33.7 is neutral but weakening. MACD is bearish (-0.29 vs signal 0.89).
Volatility
Volatility has been compressing for 10 sessions (TTM Squeeze active), often a precursor to directional moves.
Despite the bearish EMA structure, oversold RSI suggests patient buyers may find opportunity near $122.74.
The $122.74-$136.45 range defines near-term boundaries.
