WELLS FARGO & CO (WFC) Technical Analysis
NYSE:WFC • US9497461015
Current stock price
WFC Technical Rating and Analysis
Taking everything into account, WFC scores 1 out of 10 in our technical rating. 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.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- WFC is one of the lesser performing stocks in the Banks industry. 69% of 380 stocks in the same industry do better.
- In the last month WFC has a been trading in the 74.03 - 83.80 range, which is quite wide. It is currently trading near the high of this range.
- WFC has an average volume of 17538400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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 54% 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 Weekly and Daily overview Charts
WFC Setup Rating and Analysis
The technical rating of WFC is bad and it also does not present a 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
WFC Support and Resistance Analysis
71.64
2 important support areas can be observed.
- A support zone ranging from 73.55 to 74.10. 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 2 important resistance areas.
- A resistance zone ranging from 80.58 to 80.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 54.82 | NEUTRAL | WFC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WFC is above 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) | 51.12 | NEUTRAL | The RSI value for WFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.71 | POSITIVE | The MACD value suggests WFC has a positive trend. |
| Stochastics (14,3) | 69.63 | NEUTRAL | The Stochastics value for WFC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for WFC suggests some volalility. |
| Average Directional Index/ADX (14) | 25.59 | POSITIVE | The high ADX value value for WFC suggests a strong trend. |
WFC Chart- and CandleStick Pattern Analysis
WFC Technicals: Chart, Performance Metrics, Trend & Indicators
80.57
+0.96 (+1.21%)
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 51.1178. 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 74.1 and a resistance level at 80.58. Check the full technical report for our detailed analysis of WFC support and resistance levels.