Walmart Inc. stock is trading in a tight technical balance just days before the retailer’s fiscal second-quarter earnings report, due August 20. Price is hugging major resistance while shorter-term momentum leans bullish but shows fatigue. This tension is unlikely to resolve until the earnings catalyst hits the tape.
Key takeaways
- Walmart Inc. stock closed at $115.27, below the 200-day EMA at $116.05.
- Daily RSI14 reads 56.51, while the hourly RSI14 stands at a more bullish 60.51.
- The 15-minute chart is effectively flat, with MACD line and signal both at 0.04.
- BofA reiterated a Buy rating on Walmart ahead of the August 20 earnings report.
- A decisive move above $116.27…
