WELLS FARGO & CO (NWT.DE) Stock Technical Analysis
FRA:NWT - Deutsche Boerse Ag - US9497461015 - Common Stock - Currency: EUR
Overall NWT gets a technical rating of 6 out of 10. Although NWT has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
Warning: NWT has an average volume of 471 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
NWT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, NWT did better than 84% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
NWT is an average performer in the Banks industry, it outperforms 63% of 94 stocks in the same industry.
NWT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NWT is lagging the market slightly.
Although the technical rating is only medium, NWT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 68.28. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 66.22, a Stop Loss order could be placed below this zone.
More info and screens
50.65
69.35
When analyzing the support we can see 3 important areas.
- A support zone ranging from 63.22 to 66.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 54.84 to 55.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @51.16 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 68.28 to 68.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for NWT.DE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NWT.DE is up. |
| ChartMill Relative Strength | 84.24 | POSITIVE | NWT.DE has a high relative strength, it outperformed 84.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NWT.DE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NWT.DE is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NWT.DE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.87 | NEUTRAL | The RSI value for NWT.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests NWT.DE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 62.04 | NEUTRAL | The Stochastics value for NWT.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for NWT.DE suggests some volalility. |
| Average Directional Index/ADX (14) | 14.42 | NEGATIVE | The low ADX value for NWT.DE suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 68.67 | 61.74 | 6.93 (10.09%) | 9.91% |
| An entry @68.67. This is a Buy Stop order right above the resistance zone. | An exit @61.74. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 6.93 points, which is 10.09%. | For a 1.00% total portfolio risk, you can invest 9.91% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
FRA:NWT (6/6/2025, 7:00:00 PM)
66.74
+1.5 (+2.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg2.3%
1 Week2.19%
2 Weeks4.12%
1 Month4.02%
3 Month1.63%
6 Month-4.96%
12 Month23.73%
2 Year70.23%
3 Year78%
5 Year191.57%
10 Year32.45%
15 YearN/A
Volatility
ATR(14)1.67
ATR(20)%2.41%
ATR Inc3.23%
Range Today1.08
ADR(20)1.19
ADR(20)%1.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.24
Mansfield0.32
10 Day High68.96
10 Day Low61.75
20 Day High68.96
20 Day Low61.75
52 Week High78.92
52 Week Low45.95
CS1 End66.22
CR1 Start68.28
Volume & EV
DER(3)0%
DER(5)0%
Volume187
Volume Incr211.85%
Vol(5)1.05K
Vol(50)471.28