Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Walmart’s stock price (WMT) inched up in the intraday levels, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, with positive signals from the RSI after reaching overbought levels, as the stock tries to shake off negative pressure from the 50-day SMA.
Therefore we expect more gains for the stock, targeting the pivotal resistance of $61.65, provided the support of $58.90 holds on.
Trend forecast: Bullish