Wells Fargo (WFC) Closes Prior Hour Down -0.2%; Nears 50 Day Moving Average, Crosses 20 and 50 Day Moving Averages, Moves Up For the 3rd Consecutive Day

The Hourly View for WFC

Last Updated September 15, 2020, 23:16 GMT

At the time of this writing, WFC’s price is down $-0.25 (-0.99%) from the hour prior. This is the 2nd hour in a row WFC 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. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50 and 100 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

Wells Fargo & Company closed the day prior up 2.22% ($0.54); this denotes the 3rd consecutive day an upward move has occurred. As for how volume fared, yesterday’s volume was up 42.78% from the previous day (Sunday), and up 23.67% from Monday of the week before. Let’s take a look at the daily price chart of Wells Fargo & Company.


Wells Fargo & Company Technical Analysis

First things first: Wells Fargo & Company crossed above its 20 and 50 day moving averages yesterday. Or to view things another way, note that out of the past 14 days Wells Fargo & Company’s price has gone up 8 them.

Overheard Around the Web

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

    Tue Sep 15th
    Today's WORST performing sector:

    Financials -1.3%

    biggest 20 Financials stocks by mkt cap:
    1) $HDB: +1.4%
    2) $CME: +1.2%
    3) $SPGI: +1.2%
    4) $BX: +1.0%
    5) $WFC: +0.6%

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