Welltower Inc

WELL is in a Stage 2 corrective consolidation, trading in a sideways range around key EMAs after a prior advance. Medium-term bias remains bullish, supported by the range continuation pattern and rising long-term trend. Short-term conditions are neutral, with price pulling back into flattening 9/20 EMAs and no clear exhaustion or breakout signal. Patience is advised until a decisive resolution or a constructive pullback into the EMA cluster emerges.

• ↑Q2 net income $0.61/sh and normalized FFO $1.60, up 25% YoY
• ↑Same-store NOI grew 15.5%, led by 20.5% seniors housing NOI rise
• ↓DCF suggests 7.2% overvaluation vs $219 intrinsic price