Walmart Stock Falls After Mizuho Cuts Price Target — Chart Shows a Death Cross
Key takeaways
- Walmart shares slipped after Mizuho trimmed its target to $125, adding pressure to an already weak technical setup that still shows a death cross.
- Walmart shares fell 2.45% to $106.07
- Mizuho cut target from $130 to $125
- Average consensus target $131
What happened
Walmart Inc. The cut added pressure to an already weak technical picture, with the stock trading below all major moving averages and a death cross still in place.
Why it matters
Coupled with a cautious technical setup—trading 1.2% below the 20‑day SMA, 2.7% below the 50‑day SMA, 7% below the 100‑day SMA, and 10.4% below the 200‑day SMA—the move may prompt short‑term traders to reassess positions. The death cross (50‑day below 200‑day) suggests a continued downtrend until the stock can regain…
Short-term and longer-term
Short-term. Walmart’s shares are currently below all major moving averages and a death cross still lingers, signaling a cautious short‑term bias.
Longer-term. For medium‑term investors, the new $125 target implies only a modest upside from today’s price, while the death cross indicates a longer‑term cautious bias.