Welltower stock: buy or sell
Updated on:
Apr 16th, 2021
2
Welltower stock brief
- Welltower closed on Thursday at $76.25 after climbing a 1.54%.
- From the chart point view, price is drawing a scaled uptrend since last January with higher tops and higher bottoms. Up to date, price made a 29.57% gain since the beginning of this rally. On Thursday Welltower broke out above $76.00 giving an entry point
- On Thursday broke out above its latest top at $76.00
- KeyCorp published a buy rating for Welltower on Thursday, with a target of $80.00
- 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?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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?
Currently, Welltower stock matches one trading strategy:
Uptrend buy setup
Welltower stock is in an uptrend since last January that so far marked an amazing 30.00% gain. Price marked a local bottom in this uptrend at $69.29 in late March, and since then it bounced up a 10.04%. Price just broke out above the entry point at $76.00, but it's still eligible. If price climbs beyond $79.80, don't chase the price and wait for the following opportunity. If you decide to enter this trade, the suggested stop loss is at $68.40
| Buy setup | Buy point | Stop loss | Risk |
| Uptrend buy setup | $76.00 | $68.40 | 10.00% |
Should I sell Welltower stock?
How to know when is it time to sell Welltower stock?. Trading strategies allow us to avoid impulsive decisions based on our emotions or the buzz that surrounds the market. We like very simple setups to guide us on when is the best time to sell a stock. Be aware that these setups are not intended for shorting Welltower stock
As a rule of thumb, you must never hold an open trade that results in losses greater than those expected upon purchase. The timing to sell your stock should always be ruled by the stop-loss (automatic or manual)
Is it time to sell Welltower stock?
Currently, Welltower stock doesn't match any of our preferred sell setups, so if you own Welltower shares and your operation is in profit probably is not time to sell now
Welltower ratings
In the last 30 days, 7 ratings were published for Welltower. General sentiment is bullish, with 6 out of 7 publishing optimistic outlooks
| Brokerage firm | Rating |
|---|---|
| Mar 22nd, 2021 | |
| Morgan Stanley | Buy |
| Mar 30th, 2021 | |
| Bank of America | Neutral → |
| Apr 7th, 2021 | |
| Barclays | |
| Morgan Stanley | Buy |
| Robert W. Baird | Buy |
| Apr 13th, 2021 | |
| Morgan Stanley | Buy |
| Apr 15th, 2021 | |
| KeyCorp | Buy |
Welltower stock analysis
Welltower shares started an uptrend last January, and gained an amazing 29.57%. The price shows higher tops and bottoms, and along the way gave very few buying opportunities for those who wanted to enter. Latest pullback was in late March, when price bounced at $69.29. Welltower broke out above $76.00 (its last top) on Thursday. That breakout was a good buy point
SMAs overview
Supports and resistances
The current resistance levels are:
The current supports are:
Bollinger bands
The price is moving near to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a sell signal, as price can move in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 in mid-March after just crossing to the overbough zone for 1 day (weak signal). The RSI value on Thursday was 63.75. Welltower price exploded a 3.08% since RSI lost the overbought zone
Welltower stock price history
Welltower IPO was on Mar 19th, 1980 priced at $0.00 per share1. Since then, WELL stock surged by -, with an average of 0.00% per year. An investment of thousand dollars at that time would worth $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Welltower stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions post their price predictions based on the stock price action and the company fundamental data. Most of these estimates follow the release of new fundamental data by the company, and many times. If you are a small trader you must not buy or sell based on these predictions.
Averaging all price targets exposed below, the predicted price for Welltower stock is $76.57. Welltower closed at $76.25 on Thursday, that is a 0.42% than the target price.
| Brokerage firm | Price target |
|---|---|
| Mar 22nd, 2021 | |
| Morgan Stanley | $70.00 → $76.00 |
| Mar 30th, 2021 | |
| Bank of America | $73.00 → $78.00 |
| Apr 7th, 2021 | |
| Barclays | $59.00 → $65.00 |
| Morgan Stanley | $76.00 → $79.00 |
| Robert W. Baird | $74.00 → $79.00 |
| Apr 13th, 2021 | |
| Morgan Stanley | $76.00 → $79.00 |
| Apr 15th, 2021 | |
| KeyCorp | $75.00 → $80.00 |
Earnings and financials
Welltower ($WELL) had the investors event and released the report in mid-March. Welltower posted earnings of $0.84 per share on sales of $1.1 billion. The consensus earnings estimate was $0.18 per share on revenue of $1.1 billion.
This compares to Earnings of $0.55 per share same quarter last year, so posted EPS means an increase of 52.73%. Turnover fell a -11.15% on an annualized basis in the , from $12.6B to $11.2B last quarter.Welltower ($WELL) will host the Q1 earnings call early next May. Wall Street analysts forecast of $0.23, that is a 72.62% lower than previous quarter.
Welltower performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Welltower ($WELL) | 4.30% | 20.20% | 43.20% |
Disclaimer:
The viewpoints published in this article are personal and not recommendations for you to buy or sell shares. The author of this paper does not know the specific conditions of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are published for general educational motives onlyWelltower summary
| Thursday, April 15th, 2021 | |
|---|---|
| Open | $75.54 |
| Close | $76.25 |
| Day range | $75.11 - $76.61 |
| Previous close | $75.09 |
| Session gain | 1.54% |
| Average true range | $1.80 |
| 50d mov avg | $70.51 |
| 100d mov avg | $66.61 |
| 200d mov avg | $60.61 |
| Earnings date | May 5th, 2021 |