Wells Fargo And Co (WFC.W) Technical Analysis
NYSE:WFC.W
Current stock price
WFC.W Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to WFC.W. WFC.W scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 92% of all other stocks performed better in the past year than WFC.W.
- WFC.W is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month WFC.W has a been trading in the 16.54 - 21.57 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
WFC.W Weekly and Daily overview Charts
WFC.W Setup Rating and Analysis
The technical rating of WFC.W is bad and it also does not present a quality setup 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
WFC.W Support and Resistance Analysis
16.50
3 important resistance areas can be observed.
- Resistance @20.41 from a trend line in the daily time frame.
- A resistance zone ranging from 20.77 to 20.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @23.45 from a trend line in the weekly time frame.
WFC.W Technical Indicator Signal Analysis
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.W is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WFC.W is down. |
| ChartMill Relative Strength | 8.14 | NEGATIVE | WFC.W has a low relative strength, it was outperformed by 91.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WFC.W is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WFC.W is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WFC.W is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.73 | NEUTRAL | The RSI value for WFC.W is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests WFC.W has a negative trend. |
| Stochastics (14,3) | 13.45 | OVERSOLD | The low Stochastics value suggests WFC.W may be oversold. |
| Average True Range in percent/ATR (20) | 6.99 | HIGH VOLATILITY | The high ATR as a percentage value for WFC.W suggests high volalility. |
WFC.W Chart- and CandleStick Pattern Analysis
WFC.W Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:WFC.W (10/24/2018, 8:21:49 PM)
16.67
-1.39 (-7.7%)
Wells Fargo And Co / WFC.W TA FAQ
What is the ChartMill technical rating of Wells Fargo And Co (WFC.W) stock?
ChartMill assigns a technical rating of 0 / 10 to WFC.W.
Can you provide the trend direction for Wells Fargo And Co?
The current trend direction for Wells Fargo And Co (WFC.W) is Bearish.
What is the RSI signal for Wells Fargo And Co (WFC.W) stock?
Wells Fargo And Co (WFC.W) has an RSI value of 31.7257. This indicates that the stock is currently neutral.
What is the short term momentum for Wells Fargo And Co (WFC.W) stock?
The short term momentum for Wells Fargo And Co (WFC.W) is negative.
What is the buy/sell signal for WFC.W stock?
The buy/sell signal for Wells Fargo And Co (WFC.W) is sell as both the short term and long term trends are negative.