High volatility in Bed Bath & Beyond Inc. stock price on Wednesday which ended trading at $2.61

The Bed Bath & Beyond Inc. stock price fell by -13.29% on the last day (Wednesday, 8th Feb 2023) from $3.01 to $2.61. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 24.51% from a day low at $2.53 to a day high of $3.15. The price has fallen in 5 of the last 10 days and is down by -19.44% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -92 million shares and in total, 127 million shares were bought and sold for approximately $332.25 million.

Odeon Capital does not see either upside or downside right now giving BBBY "" on their last update on Feb 07, 2023. The price target was set to 0.Over the last 90 days, this security got 0 buy, 5 sell, and 2 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 -5.66% during the next 3 months and, with a 90% probability hold a price between $1.12 and $5.52 at the end of this 3-month period.

There are few to no technical positive signals at the moment. The Bed Bath & Beyond Inc. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $3.36 and $2.95. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, February 06, 2023, and so far it has fallen -55.46%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Bed Bath & Beyond Inc. finds support from accumulated volume at $2.55 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 $0.620 between high and low, or 24.51%. For the last week, the stock has had daily average volatility of 43.55%.

Bed Bath & Beyond Inc. 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.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.