The shares of Walmart Inc., the American company that operates the world's largest wholesale and retail chain, have been declining for the third month in a row, turning around 140.6 ([5/8]).
At present, the price has fallen into the negative zone of Murrey's trading range and is testing 128.12 ([1/8]), the breakdown of which will give the prospect of further weakening of the rate to the lower border of the trading range of 125.00 ([0/8]) and further into the reversal zone to 121.88 ([–1/8]) and 118.75 ([–2/8]). In case of the breakout of 134.38 ([5/8]), supported by the middle line of Bollinger bands, the quotes will return to the central Murrey channel and continue to grow within it to 137.50 ([4/8]) and 140.62 ([5/8]).
Technical indicators point to the continuation of the downward trend: Bollinger bands and Stochastic are directed downwards, while the MACD histogram is increasing in the negative zone.
Resistance levels: 134.38, 137.50, 140.62. | Support levels: 128.12, 125.00, 121.88, 118.75.