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Archive
- 4/26/2024 -
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Welltower (WELL) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the Welltower (WELL). During the week, the WELL gained 3.02 points, or 3.31%, and closed at 94.34 on Friday, April 26, 2024. It was the best weekly gain since February 16, 2024. Weekly volume was -9% below average.
 Long-term trend: [See WELL long-term trend chart]
A long-term downtrend had started on April 4, 2022 at 99.43 and reached 56.50 on October 13, 2022. WELL lost 42.93 points, or 43.18%, in 27 weeks. The price is now at the 88.14% retracement level.
 Medium-term trend: [See WELL medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 56.50 and reached 94.99 on April 26, 2024. WELL gained -38.49 points, or -68.12%, in 80 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 87.37 and resistance is at 100.44. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See WELL weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 22, 2024. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See WELL short-term trend chart]
A short-term uptrend had started on April 16, 2024 at 87.87 and reached 94.99 on April 26, 2024. WELL gained -7.12 points, or -8.10%, in 10 days. The price is now at the 9.13% retracement level.
 Daily Technical Indicators: [See WELL daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
 Candlestick pattern: [See WELL candlestick chart pattern]
On Friday the chart has formed a Bearish Deliberation Candlestick pattern. This pattern occurs in an uptrend;it appears after a sustained upward move and suggests that the rally is losing strength and a reversal is possible. The reliability of the Bearish Deliberation pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Deliberation Candlestick pattern during the last week.
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