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Archive
- 11/15/2024 -
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Welltower (WELL) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Welltower (WELL). During the week, the WELL dropped -2.30 points, or -1.66%, and closed at 135.90 on Friday, November 15, 2024. It was the worst weekly loss since September 20, 2024. Weekly volume was -8% below average.
 Long-term trend: [See WELL long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 56.50 and reached 140.20 on November 8, 2024. WELL gained -83.70 points, or -148.14%, in 108 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (98.48) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See WELL medium-term trend chart]
A medium-term uptrend had started on April 16, 2024 at 87.87 and reached 140.20 on November 8, 2024. WELL gained -52.33 points, or -59.55%, in 29 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 129.28 and resistance is at 147.41. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See WELL weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since May 3, 2024. This is an indication that the medium-term trend is up. 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 November 14, 2024 at 133.30 and reached 136.30 on November 15, 2024. WELL gained -3.00 points, or -2.25%, in 1 days. The price is now at the 13.33% retracement level.
 Daily Technical Indicators: [See WELL daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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