WELLS FARGO & CO (WFC) Stock Technical Analysis
NYSE:WFC - New York Stock Exchange, Inc. - US9497461015 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to WFC. In the last year, WFC was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
In the last month WFC has a been trading in the 71.89 - 78.80 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
WFC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WFC is lagging the market slightly.
WFC has an average volume of 18661100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that WFC is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
WFC is an average performer in the Banks industry, it outperforms 67% of 396 stocks in the same industry.
Although the technical rating is only medium, WFC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 74.00, a Stop Loss order could be placed below this zone.
More info and screens
63.30
82.23
3 important support areas can be observed.
- A support zone ranging from 74.00 to 74.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 72.45 to 72.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 63.94 to 64.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 74.88 to 76.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @78.32 from a horizontal line in the daily time frame.
- A resistance zone ranging from 80.67 to 81.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for WFC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WFC is neutral. |
| ChartMill Relative Strength | 81.58 | POSITIVE | WFC has a high relative strength, it outperformed 81.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WFC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WFC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WFC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.36 | NEUTRAL | The RSI value for WFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests WFC has a negative trend. |
| Stochastics (14,3) | 42.02 | NEUTRAL | The Stochastics value for WFC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for WFC suggests low volalility. |
| Average Directional Index/ADX (14) | 19.47 | NEGATIVE | The low ADX value for WFC suggests a weak or negative trend. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 76.29 | 73.99 | 2.30 (3.01%) | 25.00% |
| An entry @76.29. This is a Buy Stop order right above the resistance zone. | An exit @73.99. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.30 points, which is 3.01%. | For a 0.75% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
74.01
-0.92 (-1.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.23%
1 Week-1.19%
2 Weeks-0.67%
1 Month-2.98%
3 Month4.46%
6 Month5.07%
12 Month28.94%
2 Year73.41%
3 Year88.95%
5 Year189.1%
10 Year31.6%
15 Year189.1%
Volatility
ATR(14)1.53
ATR(20)%1.99%
ATR Inc-8.92%
Range Today1.35
ADR(20)1.35
ADR(20)%1.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.58
Mansfield0.47
10 Day High78.8
10 Day Low73.17
20 Day High78.8
20 Day Low71.9
52 Week High81.5
52 Week Low50.15
CS1 End74
CR1 Start74.88
Volume & EV
DER(3)-0.68%
DER(5)-0.02%
Volume14.52M
Volume Incr-4.16%
Vol(5)14.06M
Vol(50)18.66M