WELLS FARGO & COMPANY - WFC 5 5/8 PERP (WFC-Y) Stock Technical Analysis
NYSE:WFC-Y • US94988U6560
Overall WFC-Y gets a technical rating of 5 out of 10. In the last year, WFC-Y was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- WFC-Y is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WFC-Y is lagging the market slightly.
- When comparing the performance of all stocks over the past year, WFC-Y turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
- In the last month WFC-Y has a been trading in a tight range between 24.02 and 24.96.
WFC-Y has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
23.03
2 important support areas can be observed.
- A support zone ranging from 23.92 to 24.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.26 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 24.73 to 25.18. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for WFC-Y is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WFC-Y is neutral. |
| ChartMill Relative Strength | 47.91 | NEUTRAL | WFC-Y is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WFC-Y is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WFC-Y is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WFC-Y is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.35 | NEUTRAL | The RSI value for WFC-Y is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests WFC-Y has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.87 | OVERBOUGHT | The high Stochastics value suggests WFC-Y may be overbought. |
| Average True Range in percent/ATR (20) | 0.78 | LOW VOLATILITY | The low ATR as a percentage value for WFC-Y suggests low volalility. |
| Average Directional Index/ADX (14) | 25.33 | POSITIVE | The high ADX value value for WFC-Y suggests a strong trend. |
24.7
-0.21 (-0.84%)
WELLS FARGO & COMPANY - WFC 5 5/8 PERP / WFC-Y FAQ
What is the technical rating for WFC-Y stock?
ChartMill assigns a technical rating of 5 / 10 to WFC-Y.
What is the current trend direction of WELLS FARGO & COMPANY - WFC 5 5/8 PERP (WFC-Y) stock?
The current trend direction for WELLS FARGO & COMPANY - WFC 5 5/8 PERP (WFC-Y) is Bullish.
What is the RSI signal for WFC-Y stock?
WELLS FARGO & COMPANY - WFC 5 5/8 PERP (WFC-Y) has an RSI value of 58.346. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WELLS FARGO & COMPANY - WFC 5 5/8 PERP?
The MACD indicator for WELLS FARGO & COMPANY - WFC 5 5/8 PERP (WFC-Y) has a value of 0.0272998, indicating a bearish trend.
Can you provide the support and resistance levels for WELLS FARGO & COMPANY - WFC 5 5/8 PERP?
WELLS FARGO & COMPANY - WFC 5 5/8 PERP (WFC-Y) has a support level at 24.69 and a resistance level at 24.73. Check the full technical report for our detailed analysis of WFC-Y support and resistance levels.