Welltower stock: buy or sell
Jul 29th, 2021
Welltower stock brief
- Welltower closed on Wednesday at $87.39 after just moving a -1.00%.
- Welltower Inc. (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure.
Should I buy Welltower stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $WELL stock a buy?
In the current situation of Welltower there is just one buy setup eligible:
ATH buy setup
One of the most recommended trading strategies is to buy on All-time Highs (ATH) breakouts. The good point of buying at ATHs is that shares price doesn't struggle with upper resistances, and usually it rises fast. However, there's the risk of a bulls trap that may trigger your buy order and then drops sharply. That's why a stop loss is so important. Welltower can break to all-time highs any time soon, as it only needs to rise a 2.76%. Setup your buy order at $89.80 if you want to trade with this strategy. The stop loss would be set at $80.82
|Buy setup||Buy point||Stop loss||Risk|
|ATH buy setup||$89.80||$80.82||10.00%|
Should I sell Welltower stock?
How to know when is it time to sell Welltower stock?. Trading strategies give us the ability us to avoid rash decisions based on our personal emotions or the noise that surrounds the market. We like very simple strategies to guide us on when is the best moment to sell our shares. Be aware that these strategies are not intended for selling short $WELL stock
A guiding principle is that you must never mantain a trade that shows a losses greater than those expected at the time of the buy. The moment to sell your stock must always be ruled by the stop-loss (automatic or manual)
Is it time to sell Welltower stock?
In the current situation of Welltower there is not any eligible sell setup, so Welltower stock holders with operations in green can keep their positions
We don't have any rating posted in the previous 30 days for Welltower
Welltower stock analysis
Since last January, Welltower has been drawing an uptrend that so far marked an amazing 49.72%. During this uptrend, the price provided some entry points on the breakouts. Latest pullback was last May, when price bounced at $70.74. Welltower broke out above $76.91 (its last top) in early June. That breakout was a good buy point that resulted in a 13.63% gain
Supports and resistances
Price is at all-time highs and there are not upper resistance levels.
The current supports are:
Since the price surpassed the upper band on July 16, the price has corrected downwards by 2.68%
Relative strength index
The RSI dropped below the overbought level of 70 on July 19 after just crossing to the overbough zone for a single day (weak signal). The RSI reading on Wednesday was 57.65. Welltower price tanked a 2.55% since RSI lost the overbought zone
Welltower stock price history
Welltower went public on Mar 19th, 1980 at $0.00 per share1. Since then, WELL stock has risen by -, with an average of 0.00% per year. An investment of thousand dollars on the IPO would worth $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Welltower stock
Nobody can predict how much a share will be priced tomorrow. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, brokerage institutions post their price target based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new fundamental information by the company, and usually. Again, these forecasts are not direct recommendations for individual traders and should not be trusted blindly.
In the previous 30 days we couldn't find any price target posted for Welltower stock.
Earnings and financials
Last May, Welltower Inc. ($WELL) posted EPS for that highly enhanced Market expectations. Quarterly EPS was $0.80 per share from an estimated $0.23. This Q1 report represents an earnings surprise of 247.83%. On the contrary, the company said turnover was $1.1 billion aligned with analysts' estimates.This compares to Earnings of $0.75 per share same quarter last year, so posted EPS is a gain of 6.67%. Looking at revenue, figures dropped a -16.41% compared to $12.6B same quarter last year.
Welltower ($WELL) posts earnings report next Wednesday. Market analysts analysts estimate of $0.11, that is a 86.25% lower than previous quarter. Revenues estimates for are $1.1 billion.
Please read:The thoughts given in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not have any knowledge of the specific situations of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for informational purposes only
|Wednesday, July 28th, 2021|
|Day range||$86.95 - $88.49|
|Average true range||$2.54|
|50d mov avg||$81.51|
|100d mov avg||$77.40|
|200d mov avg||$69.49|
|Earnings date||August 4th, 2021|