Wheeler Real Estate Investment Trust Stock Forecast
Big movements in Wheeler Real Estate Investment Trust stock price on Thursday moving 17.03% between high and low
(Updated on Apr 18, 2024)
The Wheeler Real Estate Investment Trust stock price fell by -9.43% on the last day (Thursday, 18th Apr 2024) from $0.145 to $0.132. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 17.03% from a day low at $0.132 to a day high of $0.154. The price has fallen in 6 of the last 10 days and is down by -15.53% for this period. Volume has increased on the last day by 172 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 489 thousand shares were bought and sold for approximately $64.31 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.124 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -23.78% during the next 3 months and, with a 90% probability hold a price between $0.0947 and $0.142 at the end of this 3-month period.
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WHLR Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Wheeler Real Estate Investment Trust stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.149 and $0.168. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -21.85%. Further fall is indicated until a new bottom pivot has been found. Wheeler Real Estate Investment Trust gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Wheeler Real Estate Investment Trust stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0224 between high and low, or 17.03%. For the last week, the stock has had daily average volatility of 15.23%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WHLR) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Wheeler Real Estate Investment Trust to open at $0.139, and during the day (based on 14 day Average True Range), to move between $0.113 and $0.150, which gives a possible trading interval of +/-$0.0182 (+/-13.82%) up or down from last closing price. If Wheeler Real Estate Investment Trust takes out the full calculated possible swing range there will be an estimated 27.64% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.138, some $0.0060 (4.56%) from the current price of $0.132, our system finds the risk reward not very attractive.
Is Wheeler Real Estate Investment Trust stock A Buy?
Wheeler Real Estate Investment Trust 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.
Current score: -5.263 Strong Sell Candidate Downgraded
Predicted Opening Price for Wheeler Real Estate Investment Trust of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $0.139 ( 5.62%) | $0.132 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WHLR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.161 | 22.64 % | |
| R2 | 0.153 | 16.14 % | ||
| R1 | 0.148 | 12.13 % | ||
| Current price: | 0.132 | |||
| Support | S1 | 0.130 | -0.88 % | |
| S2 | 0.125 | -4.90 % | ||
| S3 | 0.117 | -11.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.145 | 10.33 % | |
| R2 | 0.140 | 6.38 % | ||
| R1 | 0.138 | 4.56 % | ||
| Current price | 0.132 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
WHLR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 10, 2017 | Mar 28, 2018 | Apr 15, 2018 | $0.563 | 1.50% |
| 2 | Feb 27, 2017 | Dec 27, 2017 | Jan 15, 2018 | $0.340 | 0.475% |
| 3 | Feb 27, 2017 | Sep 28, 2017 | Oct 15, 2017 | $0.340 | 0.283% |
| 4 | Feb 27, 2017 | Jun 28, 2017 | Jul 15, 2017 | $0.340 | 0.317% |
| 5 | Mar 17, 2017 | Mar 29, 2017 | Apr 28, 2017 | $0.144 | 0.108% |
FAQ
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