Wheeler Real Estate Investment Trust Inc. Series D Cumulative Preferred Stock Stock Analysis
Technical stock analysis for 23 January 2019
Wheeler Real Estate Investment Trust Inc. Series D Cumulative Preferred Stock fell by -1.39% in the last day from $12.24 to $12.07 and has now fallen 4 days in a row. The price has been going up and down for this period, and there has been a 1.6% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -839 shares and in total 13 247 shares bought and sold for approximately $159 891.00.
Close price at the end of the last trading day (Wednesday, 23rd Jan 2019) of the WHLRD stock was $12.07. This is 1.39% less than the trading day before Tuesday, 22nd Jan 2019.
During day the stock fluctuated 9.91% from a day low at $11.50 to a day high of $12.64.
30 day high of the WHLRD stock price was $14.06 and low was $8.51.
90 day high was $19.68 and low was $7.00.
52 week high for the Wheeler Real Estate Investment Trust Inc. Series D Cumulative Preferred Stock - $22.00 and low - $7.00.
Wheeler Real Estate Investment Trust Inc. Series D Cumulative Preferred Stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -40.08% during the next 3 months and, with 90% probability hold a price between $3.44 and $8.53 at the end of this period.
There are few to none technical positive signals at the moment. Wheeler Real Estate Investment Trust Inc. Series D Cumulative Preferred Stock holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $12.44 and $13.66. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday January 17, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
RSI14 is 63 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $10.25 and $9.94.
There is 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 Inc. Series D Cumulative Preferred Stock finds support just below today's level at $10.25. If this is broken, then the next support from accumulated volume will be at $9.94 and $9.63.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $1.14 between high and low, or 9.91%. For the last week the stock has had a daily average volatility of 11.37%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Wheeler Real Estate Investment Trust Inc. Series D Cumulative Preferred Stock 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 recommendation for this stock since last evaluation from a Sell Candidate to a Strong Sell Candidate.