Wells Fargo’s Hot Streak: Up 4 of the Past 5 Days

The Daily View for Wells Fargo

  • At the moment, WFC’s price is up $0.23 (0.54%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Wells Fargo has now gone up 4 of the past 5 days.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • Of note is that the 50 day changed directions on WFC; it is now pointing up. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Wells Fargo’s hourly price chart is shown below.

WFC

The Daily View for Wells Fargo

  • Currently, WFC’s price is up $0.06 (0.14%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Wells Fargo has now gone up 4 of the past 5 days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 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

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