WMT RSI Screams Oversold at $114.60
Walmart Inc (WMT) slipped 1.00% to $114.60 on June 2.
The technical setup looks bearish:
Momentum
RSI at 27.1 is depressed in oversold territory, where bounces often originate. MACD reads -3.08 against its -1.25 signal line (bearish).
Moving Averages
The stock trades below its 9-day EMA ($120.36) with the 21-day ($124.31) acting as overhead resistance.
Volatility
Bollinger Band width at 20.1% indicates normal volatility.
Despite the bearish EMA structure, oversold RSI suggests patient buyers may find opportunity near $113.87.
Key levels to watch: Support at $113.87, Resistance at $139.28.
