Wells Fargo Does it Again: Heads Up for the 4th Straight Day

The Daily View for Wells Fargo

  • Currently, WFC’s price is down $-0.19 (-0.43%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Wells Fargo has now gone down 4 of the past 5 days.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Price action traders may also wish to note that we see a doji candlestick pattern on Wells Fargo. Given that we see an uptrend on the 20 and 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • 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.

Wells Fargo’s hourly price chart is shown below.

WFC

The Daily View for Wells Fargo

  • At the time of this writing, WFC’s price is up $0.35 (0.8%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Wells Fargo has now gone up 9 of the past 10 days.
  • Regarding the trend, note that the strongest trend exists on the 100 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.

Below is a daily price chart of Wells Fargo.

WFC

Featured Wells Fargo Commentary From Twitter

Price Raises, Cuts, Reiterations, Maintains
$AAPL PT raised to $160 Overweight @ WFC
$COIN pt $600 @ Monness Crespi int Buy
$EXPE pt raised to $237 @ Truist
$HD price target raised to $330 from $285 @ JPM
$LBPS ‘Top Pick for 2021’ @ ChardanNA

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