WELLS FARGO & CO (WFC)       40.03  +0.02 (+0.05%)

40.03  +0.02 (+0.05%)

US9497461015 - Common Stock - After market: 40.03 0 (0%)

Technical Rating

1

We assign a technical rating of 1 out of 10 to WFC. WFC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.



WFC has an average volume of 15535700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, WFC turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
WFC is part of the Banks industry. There are 310 other stocks in this industry, of which 61% are performing better than WFC.
WFC is currently trading in the lower part of its 52 week range, which is not a good signal. On the other hand, the S&P500 Index is also trading in the lower part of its yearly range, so WFC is not an exception.
In the last month WFC has a been trading in the 39.34 - 46.13 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.

Statistics

1 Month 3 Months 6 Months 12 Months -8.86% 0.28% -17.82% -14.87% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 69.22 36.54 - 60.3
WFC Weekly chart
WFC Daily chart

Support/Resistance Analysis


37.05

46.44
We found 2 important support areas.
  • Support @38.47 from a horizontal line in the weekly time frame.
  • Support @37.42 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
  • A resistance zone ranging from 42.33 to 43.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @44.52 from a trend line in the daily time frame.
  • A resistance zone ranging from 45.54 to 45.98. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

2

The technical rating of WFC 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.


WFC Daily chart

WELLS FARGO & CO40.03

NYSE:WFC (9/27/2022, 3:15:00 PM)+0.02 (+0.05%)

After market: 40.03 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Banks
Performance
Today 0.05% 1 Week -7.79%
2 Weeks -7.38% 1 Month -8.86%
3 Month 0.28% 6 Month -17.82%
Volatility
ATR(14) 1.34 ATR(20)% 3.29%
ATR Inc -14.45% Range Today 1.18
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 69.22 Mansfield -0.04
10 Day High 44.69 10 Day Low 39.34
20 Day High 46.14 20 Day Low 39.34
52 Week High 60.3 52 Week Low 36.54
CS1 End 38.47 CR1 Start 42.65
Volume & EV
DER(3) 3.79% DER(5) 0.89%
Volume 17.37M Volume Incr 28.16%
Vol(5) 19.36M Vol(50) 15.54M

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