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Archive
- 7/10/2026 -
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Wells Fargo (WFC) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third consecutive positive week for the Wells Fargo (WFC). During the week, the WFC gained 1.65 points, or 1.93%, and closed at 87.16 on Friday, July 10, 2026. Weekly volume was -28% below average.
WFC is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See WFC long-term trend chart]
A long-term uptrend had started on March 24, 2023 at 35.25 and reached 97.76 on January 5, 2026. WFC gained -62.51 points, or -177.33%, in 145 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 72.37 and resistance is at 107.96. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See WFC medium-term trend chart]
A medium-term downtrend had started on January 5, 2026 at 97.76 and reached 72.78 on May 15, 2026. WFC lost 24.98 points, or 25.55%, in 18 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (71.72) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. WFC may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See WFC weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since June 12, 2026. Use the following link to access a MACD help.
 Short-term trend: [See WFC short-term trend chart]
A short-term uptrend had started on July 8, 2026 at 85.10 and reached 87.84 on July 10, 2026. WFC gained -2.74 points, or -3.22%, in 2 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See WFC daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.
The daily MACD line is above its signal line since June 30, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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