WELLS FARGO & CO (WFC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WFC - US9497461015 - Common Stock
Overall WFC gets a technical rating of 10 out of 10. 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.
WFC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 95.60, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
76.28
When analyzing the support we can see 6 important areas.
- A support zone ranging from 94.13 to 95.60. 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 89.45 to 89.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 85.56 to 85.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 82.40 to 83.11. 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.
- A support zone ranging from 77.05 to 77.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 95.96 to 96.39. 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 | UP | POSITIVE | The short term trend for WFC is up. |
| ChartMill Relative Strength | 86.8 | POSITIVE | WFC has a high relative strength, it outperformed 86.8% 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) | 63.33 | NEUTRAL | The RSI value for WFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests WFC has a negative trend. |
| Stochastics (14,3) | 61.22 | NEUTRAL | The Stochastics value for WFC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for WFC suggests low volalility. |
| Average Directional Index/ADX (14) | 27.34 | POSITIVE | The high ADX value value for WFC suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 96.40 | 94.12 | 2.28 (2.37%) | 25.00% |
| An entry @96.40. This is a Buy Stop order right above the resistance zone. | An exit @94.12. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.28 points, which is 2.37%. | For a 0.59% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of WFC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
95.95
+0.35 (+0.37%)
WELLS FARGO & CO / WFC FAQ
What is the ChartMill technical rating of WELLS FARGO & CO (WFC) stock?
ChartMill assigns a technical rating of 10 / 10 to WFC.
What is the trend direction for WFC stock?
The current trend direction for WELLS FARGO & CO (WFC) is Bullish.
What is the RSI signal for WFC stock?
WELLS FARGO & CO (WFC) has an RSI value of 63.3348. 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 -0.122856, 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 95.6 and a resistance level at 95.96. Check the full technical report for our detailed analysis of WFC support and resistance levels.