WELLS FARGO & CO (WFC) Technical Analysis
NYSE:WFC • US9497461015
We assign a technical rating of 1 out of 10 to WFC. 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. 72% of 381 stocks in the same industry do better.
- In the last month WFC has a been trading in the 77.94 - 95.09 range, which is quite wide. It is currently trading near the lows of this range.
- WFC has an average volume of 15873800 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 comparing the performance of all stocks over the past year, WFC turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
- WFC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WFC is lagging the market slightly.
WFC has a poor technical rating and the quality of the setup is also 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.
More info and screens
71.85
We found 3 important support areas.
- A support zone ranging from 80.41 to 80.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @78.86 from a horizontal line in the daily time frame.
- Support @72.58 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 88.70 to 89.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @95.30 from a horizontal line in the daily time frame.
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 | 46.1 | NEUTRAL | WFC is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of WFC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of WFC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.53 | NEUTRAL | The RSI value for WFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.52 | NEGATIVE | The MACD value suggests WFC has a negative trend. |
| Stochastics (14,3) | 32.4 | NEUTRAL | The Stochastics value for WFC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.27 | MEDIUM VOLATILITY | The ATR as a percentage value for WFC suggests some volalility. |
| Average Directional Index/ADX (14) | 25.57 | POSITIVE | The high ADX value value for WFC suggests a strong trend. |
WFC Technicals: Chart, Performance Metrics, Trend & Indicators
80.42
-1.69 (-2.06%)
WELLS FARGO & CO / WFC FAQ
What is the ChartMill technical rating of WELLS FARGO & CO (WFC) stock?
ChartMill assigns a technical rating of 1 / 10 to WFC.
What is the trend direction for WFC stock?
The current trend direction for WELLS FARGO & CO (WFC) is Bearish.
What is the RSI signal for WFC stock?
WELLS FARGO & CO (WFC) has an RSI value of 34.5308. This indicates that the stock is currently neutral.
What is the MACD signal for WELLS FARGO & CO (WFC) stock?
The MACD indicator for WELLS FARGO & CO (WFC) has a value of -0.51613, indicating a bearish trend.
Can you provide the support and resistance levels for WELLS FARGO & CO?
WELLS FARGO & CO (WFC) has a support level at 80.41 and a resistance level at 88.7. Check the full technical report for our detailed analysis of WFC support and resistance levels.