Logo image of WFC.W

Wells Fargo And Co (WFC.W) Stock Technical Analysis

NYSE:WFC.W - New York Stock Exchange, Inc. -

16.67  -1.39 (-7.7%)

Technical Rating and Analysis

0

Overall WFC.W gets a technical rating of 0 out of 10. WFC.W's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, WFC.W is a bad performer in the overall market: 92% of all stocks are doing better.
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.
Weekly and Daily overview Charts
Wells Fargo And Co / WFC.W Weekly stock chart
Wells Fargo And Co / WFC.W Daily stock chart
Setup Rating and Analysis

3

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.

Support and Resistance Analysis

16.50

23.68

When analyzing the resistance we notice 3 important areas.

  • 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.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for WFC.W is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for WFC.W is down.
ChartMill Relative Strength8.14NEGATIVEWFC.W has a low relative strength, it was outperformed by 91.86% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of WFC.W is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of WFC.W is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of WFC.W is below a declining SMA(200).
Relative Strength Index/RSI (14)31.73NEUTRALThe RSI value for WFC.W is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.09NEGATIVEThe MACD value suggests WFC.W has a negative trend.
Stochastics (14,3)13.45OVERSOLDThe low Stochastics value suggests WFC.W may be oversold.
Average True Range in percent/ATR (20)6.99HIGH VOLATILITYThe high ATR as a percentage value for WFC.W suggests high volalility.
Chart- and CandleStick Pattern Analysis
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)
Wells Fargo And Co / WFC.W Daily stock chart

Wells Fargo And Co

NYSE:WFC.W (10/24/2018, 8:21:49 PM)

16.67

-1.39 (-7.7%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-7.7%
1 Week-20.81%
2 Weeks-13.4%
1 Month-15.34%
3 Month-34.08%
6 Month-13.18%
12 Month-25.11%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.37
ATR(20)%6.99%
ATR Inc13.8%
Range Today1.46
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.14
Mansfield-2.55
10 Day High21.57
10 Day Low16.54
20 Day High21.57
20 Day Low16.54
52 Week High32.68
52 Week Low16.54
CS1 EndN/A
CR1 Start20.41
Volume & EV
DER(3)-5.14%
DER(5)0.63%
Volume326.00K
Volume Incr161.29%
Vol(5)267.82K
Vol(50)79.25K