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Uptrend Broken SupportArchive
- 8/8/2025 -
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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 climbed 0.07 points, or 0.09%, and closed at 77.85 on Friday, August 8, 2025. Weekly volume was -17% 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 March 24, 2023 at 35.25 and reached 84.83 on July 24, 2025. WFC gained -49.58 points, or -140.65%, in 121 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 61.98 and resistance is at 91.52. 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 April 7, 2025 at 58.42 and reached 84.83 on July 24, 2025. WFC gained -26.41 points, or -45.21%, in 15 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (82.89) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. WFC may retest the broken support line. It is considered to be a resistance line now. 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 support 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 below overbought area. 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since June 20, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See WFC short-term trend chart]
A short-term downtrend had started on July 24, 2025 at 84.83 and reached 76.16 on August 5, 2025. WFC lost 8.67 points, or 10.22%, in 12 days. The price is now at the 19.49% retracement level.
 Daily Technical Indicators: [See WFC daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since July 28, 2025. This is an indication that the short-term trend is down.
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