Walmart is neutral

66.5 is our pivot point.

Our preference

Look for a drop towards 66.5 before a bounce.

Alternative scenario

Below 66.5, expect 64.7 and 63.7.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the stock is trading under its 20 day moving average (69.102) but above its 50 day moving average (68.5422).

Supports and resistances

74 **

73 *

72 **

70.9

68.66 (USD-last)

67.2

66.5 **

64.7 *

63.7 **

Number of asterisks represents the strength of support and resistance levels.