Big movements in Bed Bath & Beyond Inc. stock price on Wednesday moving 47.30% between high and low

The Bed Bath & Beyond Inc. stock price gained 68.60% on the last trading day (Wednesday, 11th Jan 2023), rising from $2.07 to $3.49. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 47.30% from a day low at $2.41 to a day high of $3.55. The price has been going up and down for this period, and there has been a 41.3% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 114 million more shares were traded than the day before. In total, 221 million shares were bought and sold for approximately $772.58 million.

The last rating was given by Wedbush on Jan 11, 2023. The price target was changed from 5 to 1.Over the last 90 days, this security got 0 buy, 5 sell, and 0 hold ratings.

Given the current short-term trend, the stock is expected to fall -47.08% during the next 3 months and, with a 90% probability hold a price between $0.614 and $1.85 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Mostly positive signals in the chart today. The Bed Bath & Beyond Inc. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $2.13 and $2.83. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, January 06, 2023, and so far it has risen 166.41%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Bed Bath & Beyond Inc. finds support from accumulated volume at $3.33 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $1.14 between high and low, or 47.30%. For the last week, the stock has had daily average volatility of 28.32%.

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.