WMT Technicals Deteriorate at $103.09 Level
Walmart Inc (WMT) ticked higher by 0.45% to $103.09 on August 30.
Technical indicators paint a bearish picture:
Moving Averages
The stock trades below its 9-day EMA ($106.11) with the 21-day ($108.97) acting as overhead resistance.
Momentum
RSI at 32.9 is neutral but weakening. MACD reads -2.56 against its -1.57 signal line (bearish).
Volatility
Bollinger Band width at 17.0% indicates normal volatility.
Despite the bearish EMA structure, oversold RSI suggests patient buyers may find opportunity near $100.87.
Traders are watching $100.87 on the downside and $119.61 on the upside.
