Wheeler Real Estate Investment Trust Stock Forecast
Big movements in Wheeler Real Estate Investment Trust stock price on Tuesday moving 20.00% between high and low
(Updated on Jul 02, 2024)
The Wheeler Real Estate Investment Trust stock price gained 6.40% on the last trading day (Tuesday, 2nd Jul 2024), rising from $17.34 to $18.45. 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 20.00% from a day low at $16.65 to a day high of $19.98. The price has risen in 7 of the last 10 days and is up by 662.4% over the past 2 weeks. Volume fell on the last day by -56 thousand shares and in total, 40 thousand shares were bought and sold for approximately $731.60 thousand. 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 stock has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $6.26, a level that may pose a second chance to hit a runner.
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WHLR Signals & Forecast
The Wheeler Real Estate Investment Trust 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 $9.02 and $3.34. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 1,075.16%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Wheeler Real Estate Investment Trust stock
On the downside, the stock finds support just below today's level from accumulated volume at $17.34 and $15.53. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $15.53 may give a huge drop in the stock price.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $3.33 between high and low, or 20.00%. For the last week the stock has had daily average volatility of 44.92%.
The Wheeler Real Estate Investment Trust stock is extremely overbought on RSI14 (92). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: $17.96 (-2.66%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 92 and this increases the risk substantially. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (WHLR) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Wheeler Real Estate Investment Trust to open at $18.36, and during the day (based on 14 day Average True Range), to move between $15.76 and $21.14, which gives a possible trading interval of +/-$2.69 (+/-14.58%) 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 29.16% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $17.34, some $1.11 (6.02%) from the current price of $18.45, our system finds the risk reward attractive.
Is Wheeler Real Estate Investment Trust stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Wheeler Real Estate Investment Trust stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 7.906 Strong Buy Candidate Upgraded
Predicted Opening Price for Wheeler Real Estate Investment Trust of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $18.36 ( 0.488%) | $18.45 |
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 | |
|---|---|---|
| R3 | 21.69 | 17.56% |
| R2 | 20.42 | 10.67% |
| R1 | 19.63 | 6.41% |
| Price | 18.45 | |
| S1 | 17.09 | -7.38% |
| S2 | 16.30 | -11.64% |
| S3 | 15.03 | -18.54% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 18.45 | |
| S1 | 17.34 | -6.02% |
| S2 | 15.53 | -15.83% |
| S3 | 0 | - |
WHLR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 10, 2017 | Mar 28, 2018 | Apr 15, 2018 | $0.563 | 0.0125% |
| 2 | Feb 27, 2017 | Dec 27, 2017 | Jan 15, 2018 | $0.340 | 0.0040% |
| 3 | Feb 27, 2017 | Sep 28, 2017 | Oct 15, 2017 | $0.340 | 0.0024% |
| 4 | Feb 27, 2017 | Jun 28, 2017 | Jul 15, 2017 | $0.340 | 0.0026% |
| 5 | Mar 17, 2017 | Mar 29, 2017 | Apr 28, 2017 | $0.144 | 0.0009% |
FAQ
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