The Greedy Trader Weekly Analysis
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- 4/10/2026 -
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Wells Fargo (WFC) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineStochastic signal line moved above oversold area
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtPrice has crossed above the 50 Day Moving Average
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It was a second consecutive positive week for the Wells Fargo (WFC). During the week, the WFC gained 4.80 points, or 5.96%, and closed at 85.40 on Friday, April 10, 2026. Weekly volume was -40% below average.

Long-term trend: [See WFC long-term trend chart]
A long-term uptrend had started on October 29, 2020 at 20.76 and reached 97.76 on January 5, 2026. WFC gained -77.00 points, or -370.91%, in 270 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (57.89) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.

Medium-term trend: [See WFC medium-term trend chart]
A medium-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 69.57 and resistance is at 102.85. 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 medium-term trend.

Weekly Technical Indicators: [See WFC weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 Lane's Stochastic help.

The weekly MACD line is below its signal line since January 23, 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 March 13, 2026 at 74.03 and reached 86.15 on April 9, 2026. WFC gained -12.12 points, or -16.37%, in 27 days. The price is now at the 6.19% retracement level.

Daily Technical Indicators: [See WFC daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since March 20, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.13
Williams' Percentage Range (W%R) 2.60
Strong Overbought
Lane's Stochastic (%D-Slow) 94.57
Strong Overbought
Greed/Fear Indicator (GFI) 88.69
Overbought
Moving Average Converg./Diverg. (MACD) -0.59
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.61
Williams' Percentage Range (W%R) 50.30
Lane's Stochastic (%D-Slow) 21.67
Greed/Fear Indicator (GFI) 38.73
Moving Average Converg./Diverg. (MACD) 0.73
Trading Signals
Description Value Chart
Monthly Trendline Resistance 90.42
Upper Bollinger Band 87.78
Daily Stochastic Crossing 85.57
Price 85.40
50 Day Moving Average 83.57
Parabolic System 79.92
20 Day Moving Average 79.39
Weekly Stochastic Crossing 78.08
Lower Bollinger Band 74.82
Quarterly Trendline Support 69.57
Sector and Industry
Description Name Rank
Sector Financials 6
Industry Diversified Banks 67
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 76.49
Low Date 03/30/2026
High 86.15
High Date 04/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 74.03
Low Date 03/13/2026
High 86.15
High Date 04/09/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 90.42
Support 67.70
High 97.76
High Date 01/05/2026
Low 74.03
Low Date 03/13/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 102.85
Support 69.57
Low 35.25
Low Date 03/24/2023
High 97.76
High Date 01/05/2026
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 13.06
Support 57.89
Low 20.76
Low Date 10/29/2020
High 97.76
High Date 01/05/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.