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. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month WFC has a been trading in the 76.16 - 84.83 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that WFC is one of the better performing stocks in the market, outperforming 84% of all stocks.
WFC is part of the Banks industry. There are 392 other stocks in this industry. WFC outperforms 90% of them.
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 17729500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
WFC has an average technical rating and it also does not offer a high 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.
More info and screens
65.65
85.16
When analyzing the support we can see 3 important areas.
- A support zone ranging from 77.04 to 77.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 71.76 to 72.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @66.31 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 83.60 to 84.32. 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 | DOWN | NEGATIVE | The short term trend for WFC is down. |
| ChartMill Relative Strength | 84.25 | POSITIVE | WFC has a high relative strength, it outperformed 84.25% 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 | MIXED | The current price of WFC is below 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) | 38.33 | NEUTRAL | The RSI value for WFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.82 | NEGATIVE | The MACD value suggests WFC has a negative trend. |
| Stochastics (14,3) | 15.97 | OVERSOLD | The low Stochastics value suggests WFC may be oversold. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for WFC suggests some volalility. |
| Average Directional Index/ADX (14) | 21.88 | NEUTRAL | The ADX value for WFC suggests a possible start of a new 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)
77.05
-0.56 (-0.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.72%
1 Week-4.44%
2 Weeks-8.13%
1 Month-6.45%
3 Month6.35%
6 Month-4.49%
12 Month46.04%
2 Year86.61%
3 Year76.28%
5 Year219.05%
10 Year44.48%
15 Year227.18%
Volatility
ATR(14)1.75
ATR(20)%2.48%
ATR Inc-23.01%
Range Today1.52
ADR(20)1.72
ADR(20)%2.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.25
Mansfield0.1
10 Day High84.5
10 Day Low76.16
20 Day High84.83
20 Day Low76.16
52 Week High84.83
52 Week Low50.22
CS1 End77.04
CR1 Start83.6
Volume & EV
DER(3)-2.56%
DER(5)-2.35%
Volume13.11M
Volume Incr-23.46%
Vol(5)14.60M
Vol(50)17.73M