Walmart WMT technical analysis

WMT trades at $107.14, down 1.18% in 24 hours. The daily trend remains a downtrend, with price below the SMA20 at 108.657, SMA50 at 110.712, and SMA200 at 118.698. On the 4h chart, RSI14 is 62, while the daily RSI14 sits at 34, showing weak momentum despite the short-term bounce.

Price is currently inside the support zone of 106.595–107.25 on the 4h, which has 3 touches. Directly above, resistance at 108.399–108.721 has only 1 touch, while the falling resistance trendline at ~108.222 has 2 touches on the 4h. The daily support at 106.79–107.25 overlaps with the 4h zone, reinforcing this area.

For bulls, holding above 106.595–107.25 and a break of the falling resistance trendline at ~108.222 would open the path toward 108.399–108.721. For bears, a loss of 106.595–107.25 would target the next support at 102.054–102.376, which has 2 touches on the 4h.