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Archive
- 3/21/2025 -
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Wells Fargo (WFC) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Wells Fargo (WFC). During the week, the WFC gained 1.67 points, or 2.36%, and closed at 72.52 on Friday, March 21, 2025. WFC was trading at average weekly trading volume.
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 56.49 and resistance is at 78.23. 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 uptrend had started on August 5, 2024 at 50.15 and reached 81.50 on February 6, 2025. WFC gained -31.35 points, or -62.51%, in 26 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 50.56 and resistance is at 87.87. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending 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. 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 10, 2025 at 65.52 and reached 73.83 on March 19, 2025. WFC gained -8.31 points, or -12.68%, in 9 days. The price is now at the 15.76% retracement level.
Daily Technical Indicators: [See WFC daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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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