WELLS FARGO & CO (WFC) Stock Technical Analysis
USA - NYSE:WFC - US9497461015 - Common Stock
84 USD
-2.46 (-2.85%)
83.18 USD
-0.82 (-0.98%)
Taking everything into account, WFC scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WFC is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that WFC is one of the better performing stocks in the market, outperforming 80% of all stocks.
WFC is one of the better performing stocks in the Banks industry, it outperforms 90% of 391 stocks in the same industry.
WFC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month WFC has a been trading in the 77.62 - 87.47 range, which is quite wide. It is currently trading near the high of this range.
WFC has an average volume of 14296400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
Although WFC has an excellent technical rating, it 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
67.07
87.32
When analyzing the support we can see 3 important areas.
- A support zone ranging from 80.72 to 82.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
- Support @67.75 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 84.32 to 85.01. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @86.46 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 | 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 | 80.47 | POSITIVE | WFC has a high relative strength, it outperformed 80.47% 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) | 55.92 | NEUTRAL | The RSI value for WFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests WFC has a positive trend. |
| Stochastics (14,3) | 78.92 | NEUTRAL | The Stochastics value for WFC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for WFC suggests some volalility. |
| Average Directional Index/ADX (14) | 20.66 | 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)
84
-2.46 (-2.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.85%
1 Week5.14%
2 Weeks4.35%
1 Month0.6%
3 Month4.17%
6 Month29.81%
12 Month30.52%
2 Year111.21%
3 Year82.65%
5 Year291.61%
10 Year55.15%
15 Year222.33%
Volatility
ATR(14)2.4
ATR(20)%2.64%
ATR Inc78.72%
Range Today4.43
ADR(20)2.06
ADR(20)%2.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.47
Mansfield0.17
10 Day High87.47
10 Day Low77.62
20 Day High87.47
20 Day Low77.62
52 Week High87.47
52 Week Low58.42
CS1 End82.56
CR1 Start84.32
Volume & EV
DER(3)1.41%
DER(5)0.48%
Volume22.72M
Volume Incr76.87%
Vol(5)22.42M
Vol(50)14.30M