WELLS FARGO & CO (WFC) Stock Technical Analysis
NYSE:WFC - New York Stock Exchange, Inc. - US9497461015 - Common Stock - Currency: USD
Overall WFC gets a technical rating of 9 out of 10. Both in the recent history as in the last year, WFC has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
WFC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so WFC is performing more or less in line with the market.
WFC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
WFC has an average volume of 18789400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that WFC is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
WFC is part of the Banks industry. There are 396 other stocks in this industry, WFC did better than 60% of them.
WFC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 75.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 75.51, a Stop Loss order could be placed below this zone.
More info and screens
62.42
82.23
When analyzing the support we can see 2 important areas.
- A support zone ranging from 74.94 to 75.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 63.05 to 63.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 75.80 to 75.97. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @78.32 from a horizontal line in the daily time frame.
- A resistance zone ranging from 80.67 to 81.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.95
Mansfield0.96
10 Day High76.58
10 Day Low72.03
20 Day High76.58
20 Day Low67.44
52 Week High81.5
52 Week Low50.15
Performance
1 Week-0.62%
2 Weeks2.78%
1 Month14.03%
3 Month-2.55%
6 Month-0.58%
12 Month25.43%
2 Year89.7%
3 Year65%
5 Year185.3%
10 Year34.95%
15 Year163.23%
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)
Technical Indicators
MACD(12,26,9)0.3
RSI(14)62.88
LBB71.55
UBB77.36
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 |
|---|---|---|---|
| 75.98 | 74.93 | 1.05 (1.38%) | 25.00% |
| An entry @75.98. This is a Buy Stop order right above the resistance zone. | An exit @74.93. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.05 points, which is 1.38%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.35%. |
- 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.
75.52
-0.54 (-0.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.71%
1 Week-0.62%
2 Weeks2.78%
1 Month14.03%
3 Month-2.55%
6 Month-0.58%
12 Month25.43%
2 Year89.7%
3 Year65%
5 Year185.3%
10 Year34.95%
15 Year163.23%
Volatility
ATR(14)1.51
ATR(20)%2.27%
ATR Inc-41.65%
Range Today0.8
ADR(20)1.5
ADR(20)%1.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.95
Mansfield0.96
10 Day High76.58
10 Day Low72.03
20 Day High76.58
20 Day Low67.44
52 Week High81.5
52 Week Low50.15
CS1 End75.51
CR1 Start75.8
Volume & EV
DER(3)0.49%
DER(5)0.19%
Volume10.66M
Volume Incr-27.27%
Vol(5)13.32M
Vol(50)18.79M