Walmart Inc. (WMT) declined in its latest intraday trading after holding below the key resistance level of 105.30. This pullback comes as the stock attempts to ease overbought conditions on the RSI, which has been flashing negative signals. Still, the stock retains bullish momentum, supported by the dominant upward trend and trading along a short-term ascending slope. Added to that, staying above the 50-day SMA continues to provide dynamic support, strengthening the chances of a rebound.

Therefore, we expect the stock to rise in upcoming intraday trading, as long as support at 100.40 holds, with the main target being the tough resistance at 105.30.

Todays price forecast: Bullish.