Wells Fargo Technical Analysis (NYSE:WFC)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. When a chart pattern that can predict future Wells Fargo stock price movements is formed, the WFC stock chart can become a key tool for a technical analyst.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Wells Fargo. The technical analysis form of Wells Fargo stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Wells Fargo Moving Average:
Moving averages show the average price of WFC stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $20.27 is below the last closing price of $46.15 and the 50 day moving average of $19.35 is below the $46.15 price. The 10 and 20 day periods can predict short term moving average trends.
Wells Fargo Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the WFC stock. The stock price is trading between the average and the upper band in the context of Wells Fargo bollinger bands.
Wells Fargo Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Wells Fargo MACD indicator can be used to identify bullish and bearish trends for the stock.
Wells Fargo Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of WFC stock is 76.09. .