Wells Fargo (WFC) Price Near $24.18; Breaks Below 50 Day Average, Eyes 20 Day Average, 4 Day Up Streak Snapped

The Hourly View for WFC

Last Updated October 7, 2020, 02:017 GMT

At the moment, WFC’s price is up $0.09 (0.37%) from the hour prior. This is the 3rd consecutive hour WFC has seen its price head down. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Wells Fargo & Company Daily Price Recap

The end of a 4 day positive run has come for Wells Fargo & Company, which finished the day prior down 1.1% ($0.27). As for how volume fared, yesterday’s volume was up 36.3% from the previous day (Monday), and up 1.93% from Tuesday of the week before. The daily price chart of Wells Fargo & Company below illustrates.


Wells Fargo & Company Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Wells Fargo & Company crossed below its 50 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 10 days Wells Fargo & Company’s price has gone up 7 them.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about WFC:

    $WFC Oct 06
    – Daily stock market timing forecast –
    ◆ Investing view
    => Buy – Bullish
    ◆ Search for the daily stock market timing forecast
    ◆ Upper~Lower stock price band for the next 10 days
    Price: 23.34 ~ 25.24
    % Change: -3.48% ~ 4.40%
    ◆ Today's Supply-Demand(S&D) strength
    => Supply-Demand strength has changed from a strong buying flow to a suddenly strengthening selling flow.

    ◆ Daily Supply-Demand(S&D) strength Trend
    => About to begin an adjustment trend as a upward trend gradually gives way to a slowdown in rises and falling fluctuations