Wheeler Real Estate Investment Trust Stock Forecast
Wheeler Real Estate Investment Trust stock upgraded to Buy Candidate.
(Updated on Apr 19, 2024)
No changes to the price of Wheeler Real Estate Investment Trust stock on the last trading day (Friday, 19th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at $1.52 to a day high of $1.52. The price has fallen in 4 of the last 10 days but is still up by 3.4% over the past 2 weeks.
The stock lies in the middle of a very 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 18.69% during the next 3 months and, with a 90% probability hold a price between $1.60 and $2.38 at the end of this 3-month period.
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WHLRP 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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $1.50 and $1.51. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". 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
Wheeler Real Estate Investment Trust finds support from accumulated volume at $1.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 3.44%
Our recommended stop-loss: $1.43 (-6.02%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (WHLRP) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Wheeler Real Estate Investment Trust to open at $1.52, and during the day (based on 14 day Average True Range), to move between $1.43 and $1.61, which gives a possible trading interval of +/-$0.0886 (+/-5.83%) 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 11.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.46 (3.95%) than the resistance at $1.62 (6.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wheeler Real Estate Investment Trust stock A Buy?
Several short-term signals, along with a general good trend, are positive and 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.431 Buy Candidate Upgraded
Predicted Opening Price for Wheeler Real Estate Investment Trust of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $1.52 ( 0.00000000%) | $1.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WHLRP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.52 | 0.00000000 % | |
| R2 | 1.52 | 0.00000000 % | ||
| R1 | 1.52 | 0.00000000 % | ||
| Current price: | 1.52 | |||
| Support | S1 | 1.52 | 0.00000000 % | |
| S2 | 1.52 | 0.00000000 % | ||
| S3 | 1.52 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.78 | 17.11 % | |
| R2 | 1.70 | 11.84 % | ||
| R1 | 1.62 | 6.64 % | ||
| Current price | 1.52 | |||
| Support | S1 | 1.46 | -3.95% | |
| S2 | 1.29 | -15.31% | ||
| S3 | 1.26 | -17.11% |
WHLRP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2014 | Sep 27, 2018 | Oct 15, 2018 | $0.563 | 3.24% |
| 2 | Apr 29, 2014 | Jun 28, 2018 | Jul 15, 2018 | $0.563 | 3.35% |
| 3 | Apr 29, 2014 | Mar 28, 2018 | Apr 15, 2018 | $0.563 | 3.87% |
| 4 | Apr 29, 2014 | Dec 28, 2017 | Jan 15, 2018 | $0.563 | 3.10% |
| 5 | Apr 29, 2014 | Sep 28, 2017 | Oct 15, 2017 | $0.563 | 2.51% |
FAQ
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