Wheeler Real Estate Investment Trust Stock Forecast
A very strong day for Wheeler Real Estate Investment Trust stock price on Friday
(Updated on Apr 19, 2024)
The Wheeler Real Estate Investment Trust stock price gained 11.93% on the last trading day (Friday, 19th Apr 2024), rising from $0.132 to $0.147. During the last trading day the stock fluctuated 7.00% from a day low at $0.140 to a day high of $0.150. The price has been going up and down for this period, and there has been a 1.45% gain for the last 2 weeks. Volume fell on the last day by -254 thousand shares and in total, 235 thousand shares were bought and sold for approximately $34.61 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 very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -22.77% during the next 3 months and, with a 90% probability hold a price between $0.0955 and $0.151 at the end of this 3-month period.
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WHLR Signals & Forecast
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. The Wheeler Real Estate Investment Trust stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.151 and $0.167. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -12.53%. 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 $0.145 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0098 between high and low, or 7.00%. For the last week the stock has had daily average volatility of 12.79%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WHLR) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Wheeler Real Estate Investment Trust to open at $0.146, and during the day (based on 14 day Average True Range), to move between $0.129 and $0.165, which gives a possible trading interval of +/-$0.0182 (+/-12.35%) up or down from last closing price. If Wheeler Real Estate Investment Trust takes out the full calculated possible swing range there will be an estimated 24.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.145 (1.43%) than the resistance at $0.164 (11.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wheeler Real Estate Investment Trust stock A Buy?
Wheeler Real Estate Investment Trust holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -6.386 Strong Sell Candidate Unchanged
Predicted Opening Price for Wheeler Real Estate Investment Trust of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $0.146 ( 1.09%) | $0.147 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WHLR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.156 | 5.57 % | |
| R2 | 0.152 | 3.03 % | ||
| R1 | 0.149 | 1.46 % | ||
| Current price: | 0.147 | |||
| Support | S1 | 0.142 | -3.63 % | |
| S2 | 0.140 | -5.20 % | ||
| S3 | 0.136 | -7.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.180 | 22.20 % | |
| R2 | 0.178 | 20.98 % | ||
| R1 | 0.164 | 11.54 % | ||
| Current price | 0.147 | |||
| Support | S1 | 0.145 | -1.43% | |
| S2 | 0.140 | -4.96% | ||
| S3 | 0.138 | -6.59% |
WHLR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 10, 2017 | Mar 28, 2018 | Apr 15, 2018 | $0.563 | 1.50% |
| 2 | Feb 27, 2017 | Dec 27, 2017 | Jan 15, 2018 | $0.340 | 0.475% |
| 3 | Feb 27, 2017 | Sep 28, 2017 | Oct 15, 2017 | $0.340 | 0.283% |
| 4 | Feb 27, 2017 | Jun 28, 2017 | Jul 15, 2017 | $0.340 | 0.317% |
| 5 | Mar 17, 2017 | Mar 29, 2017 | Apr 28, 2017 | $0.144 | 0.108% |
FAQ
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