Morning Trend | Welltower Op pulls back to the lower track, is the short-term inducement to short after institutions reduce positions or a real rebound?

Technical Forecast
2026.01.23 13:00
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Welltower Op closed at a new low on January 22, with long-term funds continuously reducing their positions, and the REITs sector frequently experiencing selling pressure. The uncertainty of U.S. healthcare policies has led to significant buyers exiting the market, with multiple attempts to rebound during the day but lacking volume strength, prompting many community participants to jokingly refer to it as "a river of declines." Technically, the stock price has fallen into the lower Bollinger Band area, with short-term moving averages exerting pressure and MACD showing weakness. Currently, there is a lack of buying support, with only a few very short-term funds daring to attempt rebounds at the bottom. The sector's performance is synchronously weak, and community sentiment is noticeably cold. The REITs overall lack new positive catalysts, with only a few speculative hotspots maintaining brief heat. If substantial positive policies for healthcare or real estate are introduced later, the marginal expectations for the sector may improve, leading to a rebound that attracts main funds to replenish; if everything remains the same, the probability of wide fluctuations at the bottom will be higher, extending the consolidation period. In the current environment of continuous institutional withdrawal and a bearish trend, some traders are paying attention to intraday abnormal signals: if there is a significant increase in volume on a single day, it is necessary to discern whether it is a genuine rebound or a trap for shorting and going long. If there is trading activity that breaks through moving average resistance, short-term trades can consider quick entries and exits, targeting a fluctuation of 2% to 4%. Otherwise, it is recommended to continue reducing positions at high levels and observe. It is advisable to pay attention to policy trends and large buy/sell details during the day, whether institutions have ended their position reductions, and whether funds are flowing back into the sector, as this will signal a potential high-elasticity rebound. If market sentiment warms up, there may be a genuine rebound after a short-term trap; otherwise, one should still guard against the risk of another plunge caused by a significant volume drop