WELLS FARGO & CO (WFC) Technical Analysis
NYSE:WFC • US9497461015
Current stock price
79.42 USD
-1.09 (-1.35%)
At close:
79.5 USD
+0.08 (+0.1%)
Pre-Market:
WFC Technical Rating and Analysis
Taking everything into account, WFC scores 2 out of 10 in our technical rating. 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 is one of the lesser performing stocks in the Banks industry. 78% of 376 stocks in the same industry do better.
- WFC has an average volume of 17429600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When compared to the yearly performance of all other stocks, WFC outperforms 43% of them, which is more or less in line with the market.
- WFC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WFC is lagging the market.
- In the last month WFC has a been trading in the 76.49 - 86.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WFC Weekly and Daily overview Charts
WFC Setup Rating and Analysis
Although the technical rating is bad, WFC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
WFC Support and Resistance Analysis
71.64
96.25
2 important support areas can be observed.
- A support zone ranging from 74.10 to 74.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @72.36 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 81.48 to 82.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 84.97 to 86.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @88.70 from a horizontal line in the daily time frame.
- Resistance @95.30 from a horizontal line in the daily time frame.
WFC 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 | NEUTRAL | NEUTRAL | The long term trend for WFC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WFC is down. |
| ChartMill Relative Strength | 43.94 | NEUTRAL | WFC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WFC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WFC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WFC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.3 | NEUTRAL | The RSI value for WFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests WFC has a negative trend. |
| Stochastics (14,3) | 12.33 | OVERSOLD | The low Stochastics value suggests WFC may be oversold. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for WFC suggests some volalility. |
| Average Directional Index/ADX (14) | 14.01 | NEGATIVE | The low ADX value for WFC suggests a weak or negative trend. |
WFC 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)
WFC Technicals: Chart, Performance Metrics, Trend & Indicators
79.42
-1.09 (-1.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.35%
1 Week-2.44%
2 Weeks-7%
1 Month0.51%
3 Month-8.67%
6 Month-8.09%
12 Month13.9%
2 Year33.88%
3 Year99.8%
5 Year76.29%
10 Year58.9%
15 Year172.83%
Volatility
ATR(14)2.11
ATR(20)%2.64%
ATR Inc-32.58%
Range Today1.11
ADR(20)1.69
ADR(20)%2.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.94
3 months CRS26.03
6 months CRS28.61
Mansfield-1.21
10 Day High86.7
10 Day Low79.25
20 Day High86.7
20 Day Low76.49
52 Week High97.76
52 Week Low68.67
CS1 End74.28
CR1 Start81.48
Volume & EV
DER(3)2.48%
DER(5)1.76%
Volume15.42M
Volume Incr-15.3%
Vol(5)14.94M
Vol(50)17.43M
WELLS FARGO & CO / WFC TA FAQ
What is the ChartMill technical rating of WELLS FARGO & CO (WFC) stock?
ChartMill assigns a technical rating of 2 / 10 to WFC.
Can you provide the trend direction for WELLS FARGO & CO?
The current trend direction for WELLS FARGO & CO (WFC) is Bearish.
What is the RSI signal for WELLS FARGO & CO (WFC) stock?
WELLS FARGO & CO (WFC) has an RSI value of 43.299. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for WELLS FARGO & CO?
WELLS FARGO & CO (WFC) has a support level at 74.28 and a resistance level at 81.48. Check the full technical report for our detailed analysis of WFC support and resistance levels.