WELLS FARGO & CO (WFC) Stock Technical Analysis
NYSE:WFC - US9497461015 - Common Stock
82.18 USD
+0.2 (+0.24%)
82.18 USD
0 (0%)
We assign a technical rating of 9 out of 10 to WFC. 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!
When comparing the yearly performance of all stocks, we notice that WFC is one of the better performing stocks in the market, outperforming 83% of all stocks.
WFC is part of the Banks industry. There are 393 other stocks in this industry. WFC outperforms 86% of them.
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 76.16 - 83.20 range, which is quite wide. It is currently trading near the high of this range.
WFC has an average volume of 16774500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although WFC has an excellent technical rating, it does not present a decent entry opportunity 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
66.53
85.16
We found 4 important support areas.
- A support zone ranging from 78.61 to 80.16. 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 77.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @71.76 from a horizontal line in the daily time frame.
- Support @67.20 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 83.60 to 84.32. 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 | 83.69 | POSITIVE | WFC has a high relative strength, it outperformed 83.69% 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) | 60.42 | NEUTRAL | The RSI value for WFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.53 | POSITIVE | The MACD value suggests WFC has a positive trend. |
| Stochastics (14,3) | 85.23 | OVERBOUGHT | The high Stochastics value suggests WFC may be overbought. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for WFC suggests low volalility. |
| Average Directional Index/ADX (14) | 22.54 | 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)
82.18
+0.2 (+0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.24%
1 Week3.89%
2 Weeks6.59%
1 Month5.66%
3 Month9.9%
6 Month4.93%
12 Month40.55%
2 Year99.03%
3 Year88.01%
5 Year240.29%
10 Year54.1%
15 Year248.96%
Volatility
ATR(14)1.62
ATR(20)%1.94%
ATR Inc-32.63%
Range Today1.01
ADR(20)1.55
ADR(20)%1.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.69
Mansfield0.45
10 Day High83.21
10 Day Low76.59
20 Day High83.21
20 Day Low76.16
52 Week High84.83
52 Week Low50.22
CS1 End80.16
CR1 Start83.6
Volume & EV
DER(3)-0.37%
DER(5)0.58%
Volume12.04M
Volume Incr1.71%
Vol(5)13.71M
Vol(50)16.77M