Volatile ride for Bed Bath & Beyond Inc. stock price on Wednesday moving between $8.76 and $9.97StockInvest.us, 3 weeks ago
The Bed Bath & Beyond Inc. stock price fell by -21.30% on the last day (Wednesday, 31st Aug 2022) from $12.11 to $9.53. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 13.81% from a day low at $8.76 to a day high of $9.97. The price has fallen in 7 of the last 10 days and is down by -58.71% 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 -27 million shares and in total, 81 million shares were bought and sold for approximately $768.64 million.
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 lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $7.20 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift.Given the current short-term trend, the stock is expected to rise 35.76% during the next 3 months and, with a 90% probability hold a price between $9.77 and $32.70 at the end of this 3-month period.
The Bed Bath & Beyond Inc. stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $10.70. On a fall, the stock will find some support from the long-term average at approximately $9.18. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell 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 -58.71%. 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 $9.24 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 $1.21 between high and low, or 13.81%. For the last week, the stock has had daily average volatility of 21.16%.
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.Check full Bed Bath & Beyond Inc. forecast and analysis here.