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Archive
- 4/17/2025 -
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Wells Fargo (WFC) Technical Analysis
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| Summary:
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| | It was a second consecutive positive week for the Wells Fargo (WFC). During the week, the WFC gained 2.20 points, or 3.52%, and closed at 64.71 on Thursday, April 17, 2025. It was the best weekly gain since January 17, 2025. Weekly volume was 27% above average.
WFC is a member of Financials Sector. Financials is the second 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 81.50 on February 6, 2025. WFC gained -46.25 points, or -131.21%, in 97 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 57.34 and resistance is at 84.77. 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 February 6, 2025 at 81.50 and reached 58.42 on April 7, 2025. WFC lost 23.08 points, or 28.32%, in 8 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 55.58 and resistance is at 72.41. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See WFC weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 28, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See WFC short-term trend chart]
A short-term downtrend had started on March 26, 2025 at 75.38 and reached 58.42 on April 7, 2025. WFC lost 16.96 points, or 22.50%, in 12 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See WFC daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 2, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
The distance between the Bollinger Bands is 120.08% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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