High volatility in Bed Bath & Beyond Inc. stock price on Monday which ended trading at $13.35

The Bed Bath & Beyond Inc. stock price gained 24.77% on the last trading day (Monday, 29th Aug 2022), rising from $10.70 to $13.35. It has now gained 3 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 37.52% from a day low at $10.82 to a day high of $14.88. The price has been going up and down for this period, and there has been a -16.56% loss 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, 81 million more shares were traded than the day before. In total, 138 million shares were bought and sold for approximately $1.84 billion.

Wedbush is very positive about BBBY and gave it a "" rating on Aug 18, 2022. The price target was set to 5.Over the last 90 days, this security got 3 buy, 14 sell, and 1 hold ratings.

The stock lies in the middle of a very 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 33.08% during the next 3 months and, with a 90% probability hold a price between $9.15 and $31.73 at the end of this 3-month period.

The Bed Bath & Beyond Inc. 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 $10.51 and $8.85. A breakdown below any of these levels will issue sell signals. 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, August 17, 2022, and so far it has fallen -42.16%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

On the downside, the stock finds support just below today's level from accumulated volume at $11.41 and $11.03.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, Bed Bath & Beyond Inc. finds support just below today's level at $11.41. If this is broken, then the next support from accumulated volume will be at $11.03 and $10.36.

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 $4.06 between high and low, or 37.52%. For the last week, the stock has had daily average volatility of 19.94%.

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 Bed Bath & Beyond Inc. stock to perform well in the short-term.