High volatility in Bed Bath & Beyond Inc. stock price on Tuesday which ended trading at $4.17

The Bed Bath & Beyond Inc. stock price gained 13.93% on the last trading day (Tuesday, 17th Jan 2023), rising from $3.66 to $4.17. During the last trading day the stock fluctuated 10.62% from a day low at $3.86 to a day high of $4.27. The price has risen in 6 of the last 10 days and is up by 66.14% over the past 2 weeks. Volume fell on the last day by -191 million shares and in total, 31 million shares were bought and sold for approximately $127.57 million. 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 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.

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 -31.08% during the next 3 months and, with a 90% probability hold a price between $0.745 and $3.56 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.

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 $3.08 and $2.93. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Thursday, January 12, 2023, and so far it has fallen -20.42%. 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 $3.66 and $3.54.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 $3.66. If this is broken, then the next support from accumulated volume will be at $3.54 and $3.49.

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 $0.410 between high and low, or 10.62%. For the last week, the stock has had daily average volatility of 38.85%.

Bed Bath & Beyond Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.