Wheeler Real Estate Investment Trust Stock Forecast
A very strong day for Wheeler Real Estate Investment Trust stock price on Tuesday
(Updated on Jul 02, 2024)
The Wheeler Real Estate Investment Trust stock price gained 8.40% on the last trading day (Tuesday, 2nd Jul 2024), rising from $18.45 to $20.00. During the last trading day the stock fluctuated 5.74% from a day low at $19.00 to a day high of $20.09. The price has fallen in 4 of the last 10 days but is still up by 8.34% over the past 2 weeks. Volume fell on the last day by -305 shares and in total, 13 thousand shares were bought and sold for approximately $255.62 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 lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 21.71% during the next 3 months and, with a 90% probability hold a price between $22.33 and $25.53 at the end of this 3-month period.
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WHLRD 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 $18.40 and $18.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 15.87%. 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 $18.74 and $18.50. 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, Wheeler Real Estate Investment Trust finds support just below today's level at $18.74. If this is broken, then the next support from accumulated volume will be at $18.50 and $18.02.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $1.09 between high and low, or 5.74%. For the last week the stock has had daily average volatility of 4.03%.
Our recommended stop-loss: $19.39 (-3.06%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (WHLRD) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Wheeler Real Estate Investment Trust Inc. Series D Cumulative Preferred Stock to open at $19.70, and during the day (based on 14 day Average True Range), to move between $19.37 and $20.63, which gives a possible trading interval of +/-$0.626 (+/-3.13%) up or down from last closing price. If Wheeler Real Estate Investment Trust Inc. Series D Cumulative Preferred Stock takes out the full calculated possible swing range there will be an estimated 6.26% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $18.74, some $1.26 (6.30%) from the current price of $20.00, our system finds the risk reward attractive.
Is Wheeler Real Estate Investment Trust Inc. Series D Cumulative Preferred Stock stock A Buy?
Wheeler Real Estate Investment Trust holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.065 Strong Buy Candidate Upgraded
Predicted Opening Price for Wheeler Real Estate Investment Trust Inc. Series D Cumulative Preferred Stock of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$19.70 ( 1.52%) | $20.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WHLRD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 20.79 | 3.93% |
R2 | 20.37 | 1.85% |
R1 | 20.11 | 0.565% |
Price | 20.00 | |
S1 | 19.28 | -3.60% |
S2 | 19.02 | -4.88% |
S3 | 18.61 | -6.97% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 20.00 | |
S1 | 18.74 | -6.30% |
S2 | 18.50 | -7.50% |
S3 | 18.02 | -9.90% |
WHLRD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 16, 2016 | Sep 27, 2018 | Oct 15, 2018 | $0.547 | 2.81% |
2 | Sep 16, 2016 | Jun 28, 2018 | Jul 15, 2018 | $0.547 | 2.83% |
3 | Sep 16, 2016 | Mar 28, 2018 | Apr 15, 2018 | $0.547 | 3.47% |
4 | Sep 16, 2016 | Dec 28, 2017 | Jan 15, 2018 | $0.547 | 3.12% |
5 | Sep 16, 2016 | Sep 28, 2017 | Oct 15, 2017 | $0.547 | 2.41% |
FAQ
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