WELLS FARGO & CO (WFC) Technical Analysis
NYSE:WFC • US9497461015
Current stock price
WFC Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to WFC. WFC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, WFC is a bad performer in the overall market: 61% of all stocks are doing better.
- WFC is one of the lesser performing stocks in the Banks industry. 81% of 376 stocks in the same industry do better.
- WFC has an average volume of 17694200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- WFC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WFC is lagging the market.
- In the last month WFC has a been trading in the 78.69 - 86.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WFC Weekly and Daily overview Charts
WFC Setup Rating and Analysis
Although the technical rating is bad, WFC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 81.99. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 81.13, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
WFC Support and Resistance Analysis
71.64
We found 3 important support areas.
- A support zone ranging from 79.97 to 81.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 74.10 to 74.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @72.36 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 81.99 to 82.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 84.42 to 86.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @88.70 from a horizontal line in the daily time frame.
- Resistance @95.30 from a horizontal line in the daily time frame.
WFC Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for WFC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WFC is neutral. |
| ChartMill Relative Strength | 39.11 | NEUTRAL | WFC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WFC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WFC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WFC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.69 | NEUTRAL | The RSI value for WFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests WFC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.04 | NEUTRAL | The Stochastics value for WFC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for WFC suggests some volalility. |
| Average Directional Index/ADX (14) | 11.81 | NEGATIVE | The low ADX value for WFC suggests a weak or negative trend. |
WFC Chart- and CandleStick Pattern Analysis
WFC Technicals: Chart, Performance Metrics, Trend & Indicators
81.51
+0.01 (+0.01%)
WELLS FARGO & CO / WFC TA FAQ
What is the ChartMill technical rating of WELLS FARGO & CO (WFC) stock?
ChartMill assigns a technical rating of 1 / 10 to WFC.
Can you provide the trend direction for WELLS FARGO & CO?
The current trend direction for WELLS FARGO & CO (WFC) is Bearish.
What is the RSI signal for WELLS FARGO & CO (WFC) stock?
WELLS FARGO & CO (WFC) has an RSI value of 50.6896. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for WELLS FARGO & CO?
WELLS FARGO & CO (WFC) has a support level at 81.13 and a resistance level at 81.99. Check the full technical report for our detailed analysis of WFC support and resistance levels.