WELLS FARGO & CO (WFC)       46.87  +0.58 (+1.25%)

46.87  +0.58 (+1.25%)

US9497461015 - Common Stock - Premarket: 46.73 -0.14 (-0.3%)

Technical Rating

5

We assign a technical rating of 5 out of 10 to WFC. In the last year, WFC was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.



The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month WFC has a been trading in the 40.01 - 46.88 range, which is quite wide. It is currently trading near the high of this range.
WFC has an average volume of 18524000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
WFC is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
75% of all other stocks performed better in the past year than WFC.
WFC is part of the Banks industry. There are 331 other stocks in this industry, of which 65% are performing better than WFC.

Statistics

1 Month 3 Months 6 Months 12 Months 13.51% 0.28% 7.11% -16.79% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 25.82 36.54 - 60.3
WFC Weekly chart
WFC Daily chart

Support/Resistance Analysis


39.60

48.44
When analyzing the support we can see 4 important areas.
  • Support @45.98 from a horizontal line in the daily time frame.
  • A support zone ranging from 43.80 to 45.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 40.97 to 41.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 40.00 to 40.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 47.56 to 47.96. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

5

WFC has an average technical rating and also the quality of the setup is only medium 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 & CO46.87

NYSE:WFC (1/31/2023, 7:08:33 PM)+0.58 (+1.25%)

Premarket: 46.73 -0.14 (-0.3%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Banks

Performance
Today 1.25% 1 Week 5.44%
2 Weeks 6.23% 1 Month 13.51%
3 Month 0.28% 6 Month 7.11%

Volatility
ATR(14) 1.49 ATR(20)% 2.82%
ATR Inc -44.88% Range Today 0.82

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 25.82 Mansfield 0.32
10 Day High 46.88 10 Day Low 40.01
20 Day High 46.88 20 Day Low 40.01
52 Week High 60.3 52 Week Low 36.54
CS1 End 45.98 CR1 Start 47.56

Volume & EV
DER(3) 1.16% DER(5) 1.26%
Volume 22.84M Volume Incr 5.56%
Vol(5) 18.89M Vol(50) 18.52M

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