Walmart Inc (WMT) stock advanced slightly in its recent intraday trading, supported by continued movement above the 50-day simple moving average and under the control of a dominant upward trend, trading along a short-term ascending trendline that reinforces this direction. With this rise, the stock is preparing to challenge the key resistance level at $100.00. However, a bearish crossover is beginning to appear in the Stochastic after reaching extremely overbought territory, which could weigh on the stocks near-term upward potential.

Therefore, we expect the stock to rise in upcoming sessions, but on the condition that it first breaks above the $100.00 resistance level, targeting the next key resistance at $105.00.

Todays price forecast: Bullish.