Walmart Inc. (WMT) held on to its recent gains during a volatile intraday session, supported by positive signals from momentum indicators after they had previously reached extremely oversold territory. The stock is attempting to recover part of its earlier losses, but negative pressure remains in place as it continues to trade below its 50-day Simple Moving Average (SMA), limiting the prospects for a sustained recovery in the near term. In addition, a short-term bearish corrective trend remains dominant, with price action continuing to follow a steep descending trendline that reinforces the current downtrend.

Therefore, our outlook remains bearish for the stock's upcoming trading sessions, as long as resistance at $115.00 remains intact. Under this scenario, the stock is expected to target the $107.00 support level.

Today's price forecast: Bearish.