Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.


WELLS FARGO & CO

New York Stock Exchange, Inc. / Financials / Banks

Technical Rating and Analysis

9

Taking everything into account, WFC scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WFC is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, WFC did better than 89% of all other stocks. We also observe that the gains produced by WFC over the past year are nicely spread over this period.
WFC is part of the Banks industry. There are 403 other stocks in this industry. WFC outperforms 96% of them.
WFC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so WFC is performing more or less in line with the market.
In the last month WFC has a been trading in the 68.61 - 74.55 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
WFC has an average volume of 16513900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.

More info and screens

Weekly and Daily overview Charts
WFC Weekly chart
WFC Daily chart
Setup Rating and Analysis

9

Besides having an excellent technical rating, WFC also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 71.29, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

More info and screens

Support and Resistance Analysis

59.67

72.31

We found 2 important support areas.

  • A support zone ranging from 68.76 to 71.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @60.27 from a trend line in the weekly time frame.

More info

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.27
Mansfield1.08
10 Day High73.25
10 Day Low69.62
20 Day High74.55
20 Day Low68.61
52 Week High78.13
52 Week Low46.12
Performance
1 Week1.68%
2 Weeks1.78%
1 Month-3.69%
3 Month17.38%
6 Month26.62%
12 Month51.03%
2 Year52.74%
3 Year33.07%
5 Year52.51%
10 Year37.89%
15 Year151.81%

More info

Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)

More info

Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)52.03
LBB68.76
UBB72.6

More info

Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
73.2669.613.65 (4.99%)20.06%
An entry @73.26. This is a Buy Stop order right above the 10 day high.An exit @69.61. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 3.65 points, which is 4.99%.For a 1.00% total portfolio risk, you can invest 20.06% of your capital in this trade.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.

More info and screens