$WFC Key levels, Analysis & TargetsWFC Key levels, Analysis & Targets
Time frame D1 Bearish Divergences in MACD & RSI Indicator
WFC trade ideas
WFC is looking bullish for short termWFC is on a bull trend mode following the trend also it going to make a new high ahead of Ukraine and Russia issue.
Wells Fargo at 61.8% Fibonacci RetracementWells Fargo - Short Term - We look to Buy at 51.28 (stop at 49.63)
Preferred trade is to buy on dips. Previous support located at 51.00. We have a 61.8% Fibonacci pullback level of 51.49 from 46.04 to 60.30. The medium term bias remains bullish. Expect trading to remain mixed and volatile.
Our profit targets will be 56.06 and 59.10
Resistance: 57.00 / 60.00 / 65.00
Support: 51.00 / 47.00 / 40.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
dip before the rip ✅wfc saw another rejection at the strong trend resistance zone, should head back to 51-53 area before the next leg higher.
like and follow for more! 🔥
WFC BearIm coining this pattern as the tipping beaker.
With current tensions abroad and the futures market leading the way, we should be on track for a Mcap reset.
Peep MACD and RSI bearish divergence. With RSI crossover already occurring.
Target 47.89 then 43.41 which is fib 50 level. From there we should see if we'll go lower or higher.
Good luck fellow chartist
Wells Fargo Escapes Consolidation RangeWells Fargo began 2022 with a surge to new multiyear highs. Now after a pullback, the bank is showing signs of continuation to the upside.
First, notice the consolidation between $42 and $52 in the second half of 2021. It made WFC’s January 4 jump above that range a potentially significant breakout.
Second, consider the hammer candlesticks on January 24 and 25. Other financials slid below their 50-day simple moving average (SMAs) those same sessions. Buyers defended WFC above that line, showing its relative strength within the sector.
Speaking of the relative strength in the sector, WFC’s 70 percent gain in the last 12 months ranks highest among members of the SPDR Financial ETF .
Next, last week’s bounce occurred above the November high. Old resistance became new support.
Finally, WFC has more recently held its 21-day exponential moving average (EMA). Its 8-day EMA also remained above the 21-day EMA during all of January’s broader market pullback.
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1/30/22 WFCWells Fargo & Company ( NYSE:WFC )
Sector: Wells Fargo & Company (Major Banks)
Market Capitalization: 210.571B
Current Price: $54.19
Breakout price: $54.40
Buy Zone (Top/Bottom Range): $54.10-$51.60
Price Target: $58.90-$59.40 (1st), $65.40-$66.20 (2nd)
Estimated Duration to Target: 43-47d (1st), 100-105d (2nd)
Contract of Interest: $WFC 3/18/22 55c, $WFC 5/20/22 55c
Trade price as of publish date: $2.09/contract, $3.25/contract
WFC Wells Fargo has been great howverr it had a huge fakeout. Now in a rising channel. Could see a breakdown soon. I’d be targeting 48-44$. Clear resiatnce at 55.60. Support 53.76. We have not closed candles below this level. Look for a close below on hourly candle and follow through for a short open. Or buy 56 puts a few months out
Wells Fargo remaining green still. WFCBullish in our assessment with a long term outlook.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Wells Fargo Can Go Far!Wells Fargo - Short Term - We look to Buy at 52.00 (stop at 50.30)
We look to buy dips. 50 1day EMA is at 51.50. Buying continued from the 50% pullback level of 52.56. Posted a Bullish Hammer Bottom on the Daily chart. Previous resistance, now becomes support at 51.00.
Our profit targets will be 58.10 and 61.45
Resistance: 55.00 / 59.00 / 65.00
Support: 51.00 / 45.00 / 40.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
$WFC with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $WFC after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%.
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Wells Fargo LongWells Fargo shares gained nearly 15% so far this year ahead of its fourth-quarter earnings, which is expected to enjoy better loan activity and a higher net interest income than that seen in early last year due to favorable industry trends.
The fourth-largest U.S. lender is expected to report its fourth-quarter earnings of $1.11 per share, which represents a year-on-year growth of over 70% from $0.64 per share seen in the same period a year ago.
The San Francisco, California-based multinational financial services company would post revenue growth of more than 4% to $18.8 billion.
Wells Fargo shares rose over 1% to $55.35 on Monday. The stock jumped nearly 15% so far this year after surging nearly 60% in 2021.
Analyst Comments:
“Wells Fargo (WFC) benefit to EPS from rising rates is the highest in the group, with each 50bps increase in FF driving 15% increase in EPS; 50bps in long-end rates drives 7% to EPS. WFC is in a strong.
reaching a big resistance area 🚨wfc is approaching extreme trend and RSI resistance area, it might have a few more green days but I doubt goes above 57-58 per share.
looking for a dip to 50-51.5 support areas in the near future.
like and follow for more 💘
The banking sector is trendingThe price moves in the lower part of the trend fork equilibrium channel. I think that soon the price will break through the median and test the upper boundary of the equilibrium channel. Goal 75. Deadline September 2022
WFC breeakoutWFC along with all the other banks broke out of a downtrend today (Whiteline) .
Short term, we're headed to the top of that rising wedge (Yellowline) around 54$. But like I said, it's a rising wedge so I think after Q1 things could get ugly for WFC..
Long to 54
WFC 195m wolfe wave bearish 1/2A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
3 Black Crows on the Weekly at the PCZ of a Bearish SharkMACD Bearish Divergence, RSI Bearish Divergence, Weekly 3 Black Crows, at a Bearish Shark PCZ.
I think it can go much lower than my specified 61.8 target but a 34% decline is plenty profitable to make this a great trade.
WFC headed back to primary bear channel formed on minor time frame.. This bear channel should bring us back the primary trendline(yellow line) around 47$.
WFC - STOCKS - 11. OCT. 2021Welcome to our Weekly V2-Trade Setup ( WFC ) !
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4 HOUR
Bullish break above main sr level..
DAILY
Expecting more bullish pa!
WEEKLY
Great midterm long entries.
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STOCK SETUP
BUY WFC
ENTRY LEVEL @ 47.36
SL @ 44.78
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
Set alert for WFCIf WFC breaks this support line then it's confirmed trend reversal to the downside.
I only enter trades once they meet my conditions.
Would prefer to enter a leap put options on this one and ride the fall out as WFC is a bit of a slow mover.
Slow-moving stocks require long expiry contracts to medicate theta decay.
So set an alert for that support line.
(US) WFC VCP SETUPWFC observed to have VCP setup with below contraction:
C1: -15%
C2: -7%
C3: <3% (pull back with low volume)
28 Oct observed tennis ball effect and breakout again. Let's see the subsequent movement.
Disclaimer:
Not a buy call recommendation, just sharing on chart pattern formation based on my personal experience. Trade at your own risk.
