The Greedy Trader Weekly Analysis
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- 10/23/2026 -
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Wells Fargo (WFC) Technical Analysis

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Summary:
Weekly :
Daily :The price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the negative week for the Wells Fargo (WFC). During the week, the WFC dropped -1.48 points, or -1.76%, and closed at 82.39 on Friday, October 23, 2026. Weekly volume was -21% below average.

Long-term trend: [See WFC long-term trend chart]
A long-term uptrend had started on May 15, 2026 at 72.78 and reached 91.99 on September 15, 2026. WFC gained -19.21 points, or -26.39%, in 17 weeks. The price is now at the 49.97% retracement level.

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 chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 81.26 and resistance is at 86.57. 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.

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 34.77% 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.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 5.68% on Friday. It is 50.17% 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) 53.29
Williams' Percentage Range (W%R) 39.70
Lane's Stochastic (%D-Slow) 64.63
Greed/Fear Indicator (GFI) 59.41
Moving Average Converg./Diverg. (MACD) -0.83
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.43
Williams' Percentage Range (W%R) 68.10
Lane's Stochastic (%D-Slow) 22.22
Greed/Fear Indicator (GFI) 33.84
Moving Average Converg./Diverg. (MACD) 0.50
Trading Signals
Description Value Chart
Weekly Trendline Resistance 86.57
Upper Bollinger Band 85.01
50 Day Moving Average 84.65
Parabolic System 83.60
Daily Stochastic Crossing 82.50
Price 82.39
20 Day Moving Average 81.71
Weekly Stochastic Crossing 81.39
Weekly Trendline Support 81.26
Lower Bollinger Band 80.33
Sector and Industry
Description Name Rank
Sector Financials 5
Industry Diversified Banks 24
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
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 86.57
Support 81.26
High 91.99
High Date 09/15/2026
Low 78.00
Low Date 10/01/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 72.78
Low Date 05/15/2026
High 91.99
High Date 09/15/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 35.25
Low Date 03/24/2023
High 97.76
High Date 01/05/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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.