(Last Updated October 28, 2020)
Welcome to the news page for Wells Fargo & Company (WFC). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
If we observe the 90, 30 and 14 day timeframes, we see a downtrend in place for WFC.
The moving averages on WFC indicate a trend that is clearly bearish.
Below is a chart showing WFC’s price with its moving averages.
The price move occurred on stronger volume; specifically, yesterday’s volume was up 45.61% from the day prior, and up 14.75% from the same day the week before.
As for how volume fared, yesterday’s volume was up 45.61% from the previous day (monday), and up 14.75% from tuesday of the week before.
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
This move is a reversal from the hour prior, which saw price move down.
It’s been a feast for bulls operating on an hourly timeframe, as wfc has now gone up 4 of the past 5 hours.
It’s been a feast for bulls operating on an hourly timeframe, as wfc has now gone up 4 of the past 5 hours.
The change in price came along side change in volume that was down 15.75% from previous day, but up 13.24% from the wednesday of last week.
The price move occurred on volume that was down 8.76% from the day prior, but up 20.85% from the same day the week before.
The price move occurred on volume that was down 14.24% from the day prior, but up 39.74% from the same day the week before.
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.