Walmart stock stuck in downtrend as Oppenheimer axes $140 price target

Walmart stock closed at $111.55 on August 4, caught between a bearish daily structure and an emerging intraday bounce. Shares remain down 17% year to date. The broader technical posture still points lower, even as shorter timeframes show tentative signs of stabilization.

Key takeaways

• Walmart stock closed at $111.55 on August 4, below its daily EMA20 ($112.29), EMA50 ($115.44), and EMA200 ($116.17).
• Daily RSI14 at 45.81 confirms bearish momentum, though the MACD histogram at 0.28 suggests selling pressure may be easing.
• The 1H chart shows neutral stabilization — price sits above the hourly EMA20 and EMA50 but remains below the EMA200 at $112.78.
• 15m RSI14 at 72.60 signals overbought conditions on the execution timeframe, indicating the intraday bounce is stretched.
• Oppenheimer recently downgraded Walmart shares to Perform from Outperform and removed its $140 price target ahead of the August 20 earnings report.

Daily Chart: Walmart Stock Remains Trapped Below Key Moving Averages

Is Walmart stock’s daily trend bearish? Yes. Price closed at $111.55, stacked below the EMA20 at $112.29, the EMA50 at $115.44, and the EMA200 at $116.17. On the daily timeframe, the stock ranged between $108.56 and $111.68. This moving-average alignment is textbook bearish. The system’s regime reading confirms the daily structure as bearish.

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