Welltower Inc., (WELL) is the residential wellness & healthcare infrastructure company. It engages in the seniors housing operators, post-acute providers & health systems to fund the real estate infrastructure. They operating in the business include Senior Housing Operating, Triple-Net & Outpatient medical in United States, Canada & UK. It comes under “Real Estate” sector & trades as “WELL” ticker at NYSE.
WELL favors impulse sequence from October-2022 low & expects targeting above $176 against April-2025 low. Buyers can look for opportunity in 3, 7 or 11 swings pullback in (2) at extremes against $130.29 low.
WELL – Elliott Wave Latest Weekly View:
In weekly, it ended (I) at $99.43 high in April-2022 & (II) at $56.50 low October-2022 low. Above there, it favors rally in to I of (III) in bullish sequence. Within I sequence, it placed ((1)) at $78.54 high, ((2)) at $65.18 low, extended ((3)) at $158.55 high & ((4)) at $130.29 low. The ((2)) pullback was 0.618 Fibonacci retracement of ((1)), while ((4)) ended higher above 0.382 level. Within ((3)), it placed (1) at $94.63 high, (2) at $87.87 low, (3) at $140.19 high, (4) at $123.11 low as flat & finally (5) at $158.55 high.
It ended ((4)) in 3 swings pullback at $130.29 low on 4.09.2025 low. Above there, it favors rally in (1) of ((5)) & expects one more push higher to finish the diagonal sequence before (2) correction start. It placed 1 at $153.79 high, 2 at $142.65 low, 3 at $155.70 high, 4 at $148.60 low & favors final push towards $157.5 – $160.25 area to finish (1). We like to buy the next pullback in (2) in 3, 7 or 11 at extremes against 4.09.2025 low. Buyers can look for target in to $165.3 – $176.1 area at least in next leg.
Source: https://elliottwave-forecast.com/stock-market/welltower-well-bullish-outlook-targeting-176/