Welltower Inc. Stock Forecast
Welltower Inc. stock price up 0.83% on Wednesday
(Updated on Apr 24, 2024)
The Welltower Inc. stock price gained 0.83% on the last trading day (Wednesday, 24th Apr 2024), rising from $92.93 to $93.70. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.27% from a day low at $91.91 to a day high of $94.00. The price has risen in 7 of the last 10 days and is up by 3.88% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 86 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $219.13 million.
The stock lies in the middle of a weak 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 3.65% during the next 3 months and, with a 90% probability hold a price between $91.87 and $100.19 at the end of this 3-month period.
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WELL Signals & Forecast
Mostly positive signals in the chart today. The Welltower Inc. 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 $91.20 and $91.66. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 6.10%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Welltower Inc. stock
Welltower Inc. finds support from accumulated volume at $93.37 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.09 between high and low, or 2.27%. For the last week the stock has had daily average volatility of 1.67%.
Since the Welltower Inc. has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $89.96 (-3.99%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (WELL) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Welltower Inc. to open at $93.20, and during the day (based on 14 day Average True Range), to move between $92.10 and $95.30, which gives a possible trading interval of +/-$1.60 (+/-1.71%) up or down from last closing price. If Welltower Inc. takes out the full calculated possible swing range there will be an estimated 3.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $93.74 (0.04%) than the support at $93.37 (0.35%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Welltower Inc. will release earnings AMC on Monday, April 29, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.94. We will update the financials statements for Welltower Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.54% in the first trading day after earnings release.
Is Welltower Inc. 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 Welltower Inc. stock to perform well in the short-term.
Current score: 2.015 Buy Candidate Unchanged
Predicted Opening Price for Welltower Inc. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $93.20 ( 0.530%) | $93.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WELL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 95.29 | 1.70 % | |
| R2 | 94.49 | 0.85 % | ||
| R1 | 94.00 | 0.322 % | ||
| Current price: | 93.70 | |||
| Support | S1 | 92.40 | -1.38 % | |
| S2 | 91.91 | -1.91 % | ||
| S3 | 91.11 | -2.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 94.25 | 0.587 % | |
| R2 | 93.82 | 0.128 % | ||
| R1 | 93.74 | 0.0427 % | ||
| Current price | 93.70 | |||
| Support | S1 | 93.37 | -0.352% | |
| S2 | 92.16 | -1.64% | ||
| S3 | 90.20 | -3.74% |
WELL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 13, 2024 | Feb 22, 2024 | Mar 07, 2024 | $0.610 | 0.663% |
| 2 | Oct 30, 2023 | Nov 13, 2023 | Nov 22, 2023 | $0.610 | 0.688% |
| 3 | Jul 31, 2023 | Aug 14, 2023 | Aug 23, 2023 | $0.610 | 0.753% |
| 4 | May 02, 2023 | May 15, 2023 | May 23, 2023 | $0.610 | 0.80% |
| 5 | Feb 15, 2023 | Feb 27, 2023 | Mar 08, 2023 | $0.610 | 0.82% |
FAQ
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