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WELLS FARGO & COMPANYWELLS FARGO & COMPANYWELLS FARGO & COMPANY

WELLS FARGO & COMPANY

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Wells Fargo still attractive given the banking sector situation?Wells Fargo & Company (symbol ‘WFC’) share price has been making losses since early March after the fear of a new banking crisis spread throughout the markets after the failures of SVB, Silvergate and Signature. The company’s earnings report for the fiscal quarter is set to be released on Thursday 13th of April. The consensus EPS for the quarter is $1,18 compared to the result for the same quarter last year of $0,88. ‘ The company’s dividend yield is more than 3% making it a solid dividend pick among the industry while its price-to-book ratio of 0.8x suggests it’s trading at a discount therefore making it a clever pick for investors and traders for the longer term.’ said Antreas Themistokleous at Exness. From the technical analysis perspective the price is trying on the move for a correction to the upside after finding support on the 61.8% of the monthly Fibonacci retracement level. The Stochastic oscillator is near the oversold levels therefore further supporting the sentiment of the bullish momentum building up. The 50 and 100 day moving averages are still in touch without any clear crossing at the time of this report. In the event that the bullish movement continues in the near short term then the first point of resistance could possibly be seen around the $41 price area which is just above the 50% of the Fibonacci and also the 20 day moving average. On the other hand if the price continues to the downside then we might find the support area around $35 which is the psychological support of the round number and is also just below the 61.8% of the monthly Fibonacci retracement.
NYSE:WFC
by Exness_Official
More moves for Wells Fargo to the downside. WFGWave C within a huge running flat, already completed Wave 1-3. There is one more push to the downside to go. Fibonacci gives some ideas for goals. 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 purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. 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.
NYSE:WFCShort
by Rykin_Capital
WFC bullish divergence Go long18% to be made on daily timeframe if the support holds today 1. RSI DIVERGENCE Daily timeframe 2. Strong support Area 3. 3 to 1 ratio buy opportunity Entry , SL and TP are shown on the chart. Good luck P * 𝗧𝗵𝗲 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝘀𝗵𝗮𝗿𝗲𝗱 𝗶𝗻 𝘁𝗵𝗶𝘀 𝗽𝗼𝘀𝘁 𝗶𝘀 𝗻𝗼𝘁 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗮𝗱𝘃𝗶𝗰𝗲. 𝗔𝗹𝘄𝗮𝘆𝘀 𝗰𝗼𝗻𝗱𝘂𝗰𝘁 𝘆𝗼𝘂𝗿 𝗼𝘄𝗻 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗮𝗻𝗱 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵.
NYSE:WFCLong
by preduta