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Archive
- 10/16/2026 -
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Wells Fargo (WFC) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :
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| | It was a second positive week after 3 consecutive negative weeks for the Wells Fargo (WFC). During the week, the WFC climbed 0.32 points, or 0.38%, and closed at 83.87 on Friday, October 16, 2026. Weekly volume was 50% above average.
 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 78.47 and resistance is at 113.65. 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 September 15, 2026 at 91.99 and reached 78.00 on October 1, 2026. WFC lost 13.99 points, or 15.21%, in 2 weeks. The price is now at the 41.96% retracement level.
 Weekly Technical Indicators: [See WFC weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since September 25, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 October 1, 2026 at 78.00 and reached 84.73 on October 12, 2026. WFC gained -6.73 points, or -8.63%, in 11 days. The price is now at the 12.78% retracement level.
Daily Technical Indicators: [See WFC daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since October 8, 2026. This is an indication that the short-term trend is up.
 Candlestick pattern: [See WFC candlestick chart pattern]
On Friday the chart has formed a Bearish Deliberation Candlestick pattern. This pattern occurs in an uptrend;it appears after a sustained upward move and suggests that the rally is losing strength and a reversal is possible. The reliability of the Bearish Deliberation pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Deliberation Candlestick pattern during the last week.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Financials |
4 |
| Industry |
Diversified Banks |
30 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
78.00 |
| Low Date |
10/01/2026 |
| High |
84.73 |
| High Date |
10/12/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
91.99 |
| High Date |
09/15/2026 |
| Low |
78.00 |
| Low Date |
10/01/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
72.78 |
| Low Date |
05/15/2026 |
| High |
91.99 |
| High Date |
09/15/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
113.65 |
| Support |
78.47 |
| Low |
35.25 |
| Low Date |
03/24/2023 |
| High |
97.76 |
| High Date |
01/05/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
20.76 |
| Low Date |
10/29/2020 |
| High |
97.76 |
| High Date |
01/05/2026 |
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