Wheeler Real Estate Investment Trust Stock Forecast
Green day on Friday for Wheeler Real Estate Investment Trust
(Updated on Apr 26, 2024)
The Wheeler Real Estate Investment Trust stock price gained 0.709% on the last trading day (Friday, 26th Apr 2024), rising from $15.50 to $15.61. During the last trading day the stock fluctuated 0.416% from a day low at $15.61 to a day high of $15.68. The price has risen in 5 of the last 10 days and is up by 3.58% over the past 2 weeks. Volume fell on the last day by -132 shares and in total, 269 shares were bought and sold for approximately $4.20 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.97% during the next 3 months and, with a 90% probability hold a price between $16.66 and $18.96 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
WHLRD Signals & Forecast
The Wheeler Real Estate Investment Trust stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $15.55 and $15.28. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -1.20%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Wheeler Real Estate Investment Trust stock
Wheeler Real Estate Investment Trust finds support from accumulated volume at $15.11 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0650 between high and low, or 0.416%. For the last week the stock has had daily average volatility of 0.471%
Our recommended stop-loss: $15.08 (-3.39%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (WHLRD) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Wheeler Real Estate Investment Trust Inc. Series D Cumulative Preferred Stock to open at $15.63, and during the day (based on 14 day Average True Range), to move between $15.34 and $15.88, which gives a possible trading interval of +/-$0.273 (+/-1.75%) up or down from last closing price. If Wheeler Real Estate Investment Trust Inc. Series D Cumulative Preferred Stock takes out the full calculated possible swing range there will be an estimated 3.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.70 (0.58%) than the support at $15.11 (3.20%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Wheeler Real Estate Investment Trust Inc. Series D Cumulative Preferred Stock stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Wheeler Real Estate Investment Trust stock to perform well in the short-term.
Current score: 4.156 Buy Candidate Unchanged
Predicted Opening Price for Wheeler Real Estate Investment Trust Inc. Series D Cumulative Preferred Stock of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $15.63 ( 0.139%) | $15.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WHLRD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.70 | 0.555 % | |
| R2 | 15.67 | 0.396 % | ||
| R1 | 15.66 | 0.298 % | ||
| Current price: | 15.61 | |||
| Support | S1 | 15.61 | -0.0203 % | |
| S2 | 15.59 | -0.119 % | ||
| S3 | 15.57 | -0.278 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.80 | 1.22 % | |
| R2 | 15.75 | 0.90 % | ||
| R1 | 15.70 | 0.577 % | ||
| Current price | 15.61 | |||
| Support | S1 | 15.11 | -3.20% | |
| S2 | 14.40 | -7.75% | ||
| S3 | 13.90 | -10.95% |
WHLRD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 16, 2016 | Sep 27, 2018 | Oct 15, 2018 | $0.547 | 2.81% |
| 2 | Sep 16, 2016 | Jun 28, 2018 | Jul 15, 2018 | $0.547 | 2.83% |
| 3 | Sep 16, 2016 | Mar 28, 2018 | Apr 15, 2018 | $0.547 | 3.47% |
| 4 | Sep 16, 2016 | Dec 28, 2017 | Jan 15, 2018 | $0.547 | 3.12% |
| 5 | Sep 16, 2016 | Sep 28, 2017 | Oct 15, 2017 | $0.547 | 2.41% |
FAQ
Click here for our free guide on how to buy Wheeler Real Estate Investment Trust Inc. Series D Cumulative Preferred Stock Stock.
