Big movements in Wheeler Real Estate Investment Trust stock price on Friday moving 75.11% between high and low

The Wheeler Real Estate Investment Trust stock price gained 147.58% on the last trading day (Friday, 6th Sep 2024), rising from $4.14 to $10.25. During the last trading day the stock fluctuated 75.11% from a day low at $7.11 to a day high of $12.45. The price has fallen in 7 of the last 10 days but is still up by 301.96% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 79 million shares were bought and sold for approximately $805.46 million.

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.Due to the high volatility and the trend direction we are not able to give forecast range for this stock.

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, 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 $2.88 and $4.08. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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, July 03, 2024, and so far it has fallen -47.46%. Further fall is indicated until a new bottom pivot has been found.

On the downside, the stock finds support just below today's level from accumulated volume at $9.27 and $8.99.There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Wheeler Real Estate Investment Trust finds support just below today's level at $9.27. If this is broken, then the next support from accumulated volume will be at $8.99 and $7.88.

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 $5.34 between high and low, or 75.11%. For the last week, the stock has had daily average volatility of 138.66%.

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.