WELLS FARGO & CO (WFC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WFC - US9497461015 - Common Stock
Overall WFC gets a technical rating of 10 out of 10. Both in the recent history as in the last year, WFC has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although WFC has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
76.28
We found 4 important support areas.
- A support zone ranging from 84.72 to 87.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 82.74 to 83.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @80.19 from a trend line in the daily time frame.
- A support zone ranging from 77.05 to 78.86. 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 | UP | POSITIVE | The short term trend for WFC is up. |
| ChartMill Relative Strength | 84.41 | POSITIVE | WFC has a high relative strength, it outperformed 84.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WFC is above the rising 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) | 67.98 | NEUTRAL | The RSI value for WFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.59 | POSITIVE | The MACD value suggests WFC has a positive trend. |
| Stochastics (14,3) | 90.82 | OVERBOUGHT | The high Stochastics value suggests WFC may be overbought. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for WFC suggests some volalility. |
| Average Directional Index/ADX (14) | 15.44 | NEGATIVE | The low ADX value for WFC suggests a weak or negative trend. |
90.06
+0.23 (+0.26%)
WELLS FARGO & CO / WFC FAQ
What is the ChartMill technical rating of WELLS FARGO & CO (WFC) stock?
ChartMill assigns a technical rating of 10 / 10 to WFC.
What is the current trend direction of WELLS FARGO & CO (WFC) stock?
The current trend direction for WELLS FARGO & CO (WFC) is Bullish.
What is the RSI signal for WFC stock?
WELLS FARGO & CO (WFC) has an RSI value of 67.9773. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WELLS FARGO & CO?
The MACD indicator for WELLS FARGO & CO (WFC) has a value of 0.58692, indicating a bearish trend.
What are the support and resistance levels for WELLS FARGO & CO (WFC) stock?
WELLS FARGO & CO (WFC) has a support level at 87.23. Check the full technical report for our detailed analysis of WFC support and resistance levels.