Volatile ride for Bed Bath & Beyond Inc. stock price on Wednesday moving between $0.400 and $0.560

The Bed Bath & Beyond Inc. stock price gained 35.28% on the last trading day (Wednesday, 19th Apr 2023), rising from $0.343 to $0.464. 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 40.00% from a day low at $0.400 to a day high of $0.560. The price has fallen in 6 of the last 10 days but is still up by 31.11% 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, 625 million more shares were traded than the day before. In total, 915 million shares were bought and sold for approximately $424.63 million.

Wedbush is very positive about BBBY and gave it a "" rating on Jan 11, 2023. The price target was set to 1.

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.

A buy signal was issued from a pivot bottom point on Friday, April 14, 2023, and so far it has risen 94.88%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Bed Bath & Beyond Inc. stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $0.799. On a fall, the stock will find some support from the short-term average at $0.311. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

On the downside, the stock finds support just below today's level from accumulated volume at $0.427 and $0.385.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 $0.427. If this is broken, then the next support from accumulated volume will be at $0.385 and $0.354.

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 $0.160 between high and low, or 40.00%. For the last week, the stock has had daily average volatility of 22.67%.

Bed Bath & Beyond Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.