Wells Fargo Closed Yesterday Down -0.49%

The Hourly View for Wells Fargo

  • Currently, WFC’s price is down $-0.04 (-0.08%) from the hour prior.
  • This is the 3rd hour in a row Wells Fargo has seen its price head down.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Wells Fargo. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them with price now being below it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Wells Fargo’s hourly price chart is shown below.

WFC

The Daily View for Wells Fargo

  • At the moment, WFC’s price is down $-0.25 (-0.49%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
  • Divergence between WFC’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in WFC’s price.

Below is a daily price chart of Wells Fargo.

WFC

Featured Wells Fargo Idea From TradingView

Below is a trading comment entitled Wells Fargo at the resistance! you may find interesting:

Does WFC have enough energy to pass above the resistance?I think it is less likely, volume does not support this idea!The higher it goes the lower the volume, it seems to move toward lower prices in the coming days! https://www.tradingview.com/x/49JXtTrz/ Best,MoshkelgoshaDISCLAIMERI’m not a certified financial planner/advisor nor a certified …

Moshkelgosha