The Greedy Trader Weekly Analysis
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- 1/9/2026 -
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Wells Fargo (WFC) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineBroken trend resistance line
Daily :Broken trend resistance lineThe period of low volatility of the stock price
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It was a first positive week for the Wells Fargo (WFC). During the week, the WFC climbed 0.75 points, or 0.79%, and closed at 95.95 on Friday, January 9, 2026. Weekly volume was -21% 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 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 (56.26) 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 66.77 and resistance is at 100.82. 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 Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 28, 2025. This is an indication that the medium-term trend is up. 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 August 5, 2025 at 76.16 and reached 97.76 on January 5, 2026. WFC gained -21.60 points, or -28.36%, in 153 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (82.02) 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 short-term trend.

Daily Technical Indicators: [See WFC daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since January 6, 2026. The distance between MACD and the signal line is low, but getting bigger.

The distance between the Bollinger Bands is falling, and it was 5.96% on Friday. It is 51.26% lower than one year average. It indicates the period of low 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.37
Williams' Percentage Range (W%R) 25.90
Lane's Stochastic (%D-Slow) 58.87
Greed/Fear Indicator (GFI) 66.79
Moving Average Converg./Diverg. (MACD) 1.99
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.15
Williams' Percentage Range (W%R) 9.20
Strong Overbought
Lane's Stochastic (%D-Slow) 90.86
Strong Overbought
Greed/Fear Indicator (GFI) 80.83
Overbought
Moving Average Converg./Diverg. (MACD) 3.40
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 100.82
Upper Bollinger Band 96.45
Weekly Stochastic Crossing 96.19
Price 95.95
Daily Stochastic Crossing 95.56
20 Day Moving Average 94.13
Parabolic System 93.10
Weekly Trendline Resistance 90.79
Lower Bollinger Band 90.73
Monthly Trendline Resistance 90.58
50 Day Moving Average 89.45
Weekly Trendline Support 82.02
Monthly Trendline Support 81.68
Sector and Industry
Description Name Rank
Sector Financials 12
Industry Diversified Banks 112
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 81.05
Low Date 11/21/2025
High 97.76
High Date 01/05/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 90.79
Support 82.02
Low 76.16
Low Date 08/05/2025
High 97.76
High Date 01/05/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 90.58
Support 81.68
Low 58.42
Low Date 04/07/2025
High 97.76
High Date 01/05/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 100.82
Support 66.77
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 15.86
Support 56.26
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.