WELLS FARGO & COMPANY - WFC 4 3/4 PERP (WFC-Z) Stock Technical Analysis
NYSE:WFC-Z - New York Stock Exchange, Inc. - US94988U1512 - Currency: USD
We assign a technical rating of 0 out of 10 to WFC-Z. WFC-Z scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
79% of all other stocks performed better in the past year than WFC-Z.
WFC-Z is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month WFC-Z has a been trading in a tight range between 18.76 and 19.55.
Although the technical rating is bad, WFC-Z does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 18.86, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
18.10
21.92
We found 1 important support area.
- A support zone ranging from 18.28 to 18.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 19.02 to 19.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @20.16 from a horizontal line in the daily time frame.
- Resistance @20.61 from a horizontal line in the daily time frame.
- Resistance @21.70 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for WFC-Z is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WFC-Z is neutral. |
| ChartMill Relative Strength | 21.86 | NEGATIVE | WFC-Z has a low relative strength, it was outperformed by 78.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WFC-Z is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WFC-Z is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WFC-Z is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.16 | NEUTRAL | The RSI value for WFC-Z is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests WFC-Z has a negative trend. |
| Stochastics (14,3) | 39.24 | NEUTRAL | The Stochastics value for WFC-Z is a neutral value. |
| Average True Range in percent/ATR (20) | 1.02 | LOW VOLATILITY | The low ATR as a percentage value for WFC-Z suggests low volalility. |
| Average Directional Index/ADX (14) | 16.25 | NEGATIVE | The low ADX value for WFC-Z 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)
18.97
-0.14 (-0.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.73%
1 Week0.42%
2 Weeks-2.47%
1 Month-0.11%
3 Month-1.66%
6 Month-8%
12 Month-6.87%
2 Year-0.68%
3 Year-9.32%
5 Year-22.25%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%1.02%
ATR Inc-37.09%
Range Today0.17
ADR(20)0.19
ADR(20)%1.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.86
Mansfield-1.38
10 Day High19.55
10 Day Low18.76
20 Day High19.55
20 Day Low18.76
52 Week High22.29
52 Week Low18.23
CS1 End18.86
CR1 Start19.02
Volume & EV
DER(3)-1.9%
DER(5)-3.3%
Volume157.55K
Volume Incr30.95%
Vol(5)281.19K
Vol(50)235.75K