Wheeler Real Estate Investment Trust Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Wheeler Real Estate Investment Trust stock downgraded to Hold/Accumulate
(Updated on Apr 18, 2024)
The Wheeler Real Estate Investment Trust stock price gained 2.30% on the last trading day (Thursday, 18th Apr 2024), rising from $15.25 to $15.60. During the last trading day the stock fluctuated 2.14% from a day low at $15.39 to a day high of $15.72. The price has risen in 4 of the last 10 days but is still down by -0.95% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately $62.96 thousand.
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 12.83% during the next 3 months and, with a 90% probability hold a price between $16.33 and $18.19 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 $15.26 and $15.03. A breakdown below any of these levels will issue sell signals. Wheeler Real Estate Investment Trust has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -1.27%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Wheeler Real Estate Investment Trust stock
Wheeler Real Estate Investment Trust finds support from accumulated volume at $15.11 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 $0.329 between high and low, or 2.14%. For the last week the stock has had daily average volatility of 1.33%.
Our recommended stop-loss: $14.97 (-4.05%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (WHLRD) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Wheeler Real Estate Investment Trust Inc. Series D Cumulative Preferred Stock to open at $15.57, and during the day (based on 14 day Average True Range), to move between $15.26 and $15.94, which gives a possible trading interval of +/-$0.337 (+/-2.16%) 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 4.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.70 (0.64%) than the support at $15.11 (3.14%), 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.
Is Wheeler Real Estate Investment Trust Inc. Series D Cumulative Preferred Stock stock A Buy?
Wheeler Real Estate Investment Trust holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Wheeler Real Estate Investment Trust Inc. Series D Cumulative Preferred Stock of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $15.57 ( 0.191%) | $15.60 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 15.90 | 1.92 % | |
| R2 | 15.77 | 1.11 % | ||
| R1 | 15.70 | 0.616 % | ||
| Current price: | 15.60 | |||
| Support | S1 | 15.44 | -1.00 % | |
| S2 | 15.37 | -1.50 % | ||
| S3 | 15.24 | -2.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.80 | 1.28 % | |
| R2 | 15.75 | 0.96 % | ||
| R1 | 15.70 | 0.641 % | ||
| Current price | 15.60 | |||
| Support | S1 | 15.11 | -3.14% | |
| S2 | 14.40 | -7.69% | ||
| S3 | 13.90 | -10.90% |
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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