Wells Fargo & Company (WFC) Makes Big Move Relative to Two Week Trend, Down 0.2%; Nears 20 Day Moving Average

Wells Fargo & Company 4 Hour Price Update

Updated September 04, 2020 04:36 PM GMT (12:36 PM EST)

WFC’s price is down $-0.18 (-0.75%) over the past four hours of trading. To help put that in perspective, note that Wells Fargo & Company’s peers in the in the Banking industry are up 0.13% on average during this time, while its peers in the broader Financial Services sector are down by an average of -0.59%.

Wells Fargo & Company Daily Price Recap

24.52 was the closing price of the day for Wells Fargo & Company, resulting in today being one in which price moved down 0.2% ($0.05) from the day prior. The price move occurred on stronger volume; specifically, yesterday’s volume was up 5.07% from the day prior, and up 20.6% from the same day the week before. Let’s take a look at the daily price chart of Wells Fargo & Company.


Wells Fargo & Company Technical Analysis

Coming into today Wells Fargo & Company is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 5 out of the past 10 days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to WFC:

    Federal Reserve Issues Corrected Stress Test Results From June After Identifying Error In Projected Trading Losses; Says Error Resulted In Miscalculated Hypothetical Losses For CitiGroup, Goldman Sachs, Morgan Stanley, Wells Fargo, HSBC

    Related Tickers: $C $GS $MS $WFC