Walmart Inc. (NYSE: WMT) stock ended the last trading session with a flat close, a detail that could easily be overlooked. However, a deeper dive into the day’s trading activity reveals a significant battle between buyers and sellers—a battle that buyers appear to have won, setting a potentially bullish stage for Monday’s market open.
Here is a full analysis of the critical data from the screenshot and what traders need to watch for.
The Story Behind the Flat Close
On Wednesday, July 3rd, Walmart stock closed at
0.00 (0.00%) for the day. While this suggests a quiet session, the intraday chart tells a very different story of volatility and resilience.
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Intraday High (approx.): ~$98.10
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Intraday Low (approx.): ~$97.10
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Previous Close: $97.60
The stock started the day on a high note before facing significant selling pressure that pushed it down by about a dollar to its intraday low near noon. Critically, this lower level attracted strong buying interest. For the rest of the afternoon, the stock steadily recovered all its losses, closing right back where it started. This “buy the dip” action is a strong technical indicator of underlying demand for the stock.
Pre-Market Data Offers a Bullish Hint
Further supporting a positive outlook, pre-market trading shows Walmart stock at
0.060 (0.061%). While the gain is minimal, it demonstrates that the positive momentum from the afternoon recovery is carrying over, suggesting that buyers are still present and setting a constructive tone for the next session.
Key Metrics for Context
Traders should also consider these fundamental and long-term data points:
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52-Week Range: The stock’s range is $66.67 to $105.30. At its current price, Walmart is trading comfortably above its lows but is also about 7% off its 52-week high, indicating there is potential room to move upward.
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P/E Ratio: A Price-to-Earnings ratio of 41.87 indicates that investors have high expectations for the retail giant’s future growth and profitability.
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Dividend Yield: With a yield of 0.96% and a quarterly dividend of $0.23, Walmart provides a steady, albeit modest, income stream for long-term investors.
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Market Cap: A massive market capitalization of approximately $779 billion (as indicated by the “77.90KCr” figure) solidifies its status as a blue-chip anchor in the market.
Market Outlook: Will Walmart Stock Go Up or Down on Monday?
The evidence from the last session points more towards an upward move than a downward one.
The Bullish Case: The primary argument for a rise is the strong rejection of lower prices. The recovery from the ~
98.10**.
The Bearish Case: The morning sell-off can’t be completely dismissed. If the stock fails to build on its recovery at the open and breaks below the established support level of ~$97.10, it would signal that sellers have regained control and could lead to a deeper pullback.
for Traders: Is It Right to Invest Today?
For traders considering a position, the stock’s resilience offers a favorable risk/reward setup.
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Key Support Level to Watch: The intraday low of ~$97.10. As long as the stock holds above this area, the bullish thesis remains intact.
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Key Resistance Level to Watch: The intraday high of ~$98.10. A break above this level would signal a continuation of the recovery and could attract more buyers.
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Potential Trading Strategy: The most prudent approach would be to see if the stock can hold above its closing price of $97.61 at the market open. An entry on a move towards the day’s high could be a strategic play, using the low of the day as a clear point to manage risk.
The analysis suggests Walmart stock is leaning bullish for Monday, but traders should watch these key levels to confirm the direction before committing capital.
Disclaimer: This article is for informational purposes only and is not financial advice. All investment decisions should be made based on your own research and consultation with a certified financial professional.
