it looks like this is over extended. we might see a big drop
Personally, I think a lot of banks are going to get hit really hard. WFC is on an edge and it doesn't look good. Here's the chart price targets and trends are marked. If this thing pumps to some of these rejection zones, I'd look to enter short. Who knows, we might already have hit top. The drop from current price to the targets low is around 40% and 60%...
Hopping on WFC short to 45 area target zone. In my analysis I see the probabilities of some bank stocks taking a dip to find support in lower areas. WFC is one of them. Best of luck
Financials like Wells Fargo outperformed in late 2023 as bond yields fell. Now, after a pullback, some dip buyers may see a potential opportunity. The first pattern on today’s chart is the rally after inflation was lower than expected on November 14. WFC broke short-term resistance at $42.37 (its mid-October peak) and extended up to $50.77. It’s now retraced half...
Wells Fargo ( NYSE:WFC ), a stalwart in the American financial landscape, recently reported a robust performance in the fourth quarter of 2023. Despite facing challenges, the bank demonstrated resilience, with a 9% year-over-year increase in net income, reaching $3.45 billion, and an earnings per share (EPS) of $0.86, surpassing analysts' expectations. However,...
KISS here with resistance being breached for a fbo return. Expecting move down to $41 area. Stop above last swing high.
Wells Fargo, one of the largest banks in the United States, recently faced a dip in its stock prices following the release of its fourth-quarter earnings report. Investors were particularly concerned about the higher provision for credit losses, which stood at $1.28 billion, up from $957 million in the same period last year. We will delve into the key factors...
On the monthly chart for WFC, the upper trend line has been respected multiple times(including Jan and Feb 2022) so far. Look at the red trendline(Marked 12/18/2023 Monthly Trendline) and the Fib 61.8 rejection(perfect to the cent) in December 2023. Look at the orange colored trendline(12/18/2023 Monthly Trendline) that has been respected since Dec 2020. On a...
Another request. This one looks pretty bullish, HA candles and setup signal a continuation to the upside. Look for a hold of the bullish condition and a move to the high targets on this one here. Banking sector is pretty strong right now. Be weary though, if next week turns out to be bearish in the banking area, we have a confirmed bearish reversal / top on...
Technically the price is in a range which may act as an inflection point where the sellers may come in. So decided to book profit and take some chips off the table. Will look for a re-entry opportunity, if price falls back to the low of the channel line.
It has been consolidating between 40 and 48 for many months now. This weekly chart has it coming up again on its 48 price point and if it can bypass it then it will go much higher.
WFC 1hr support trendlines with 50SMA Uptrend confirmed by latest trendline support
Hi Traders! Let's take a look at WFC stock prices. The price has broken upwards from the downsloping resistance line. We expect the price to rise higher from here. Long position can be taken when the price retests the resistance line and claims it as a support. The trade would be invalidated if the price falls back under the resistance line. Do you agree? Let us...
If you haven`t bought the dip on WFC: Then analyzing the options chain and the chart patterns of WFC Wells Fargo & Company prior to the earnings report this week, I would consider purchasing the 42.50usd strike price Calls with an expiration date of 2024-3-15, for a premium of approximately $1.87. If these options prove to be profitable prior to the earnings...
█ SIMPLISTIC ANALYSIS </ Current Market Trend: short/sellers/negative. Next Wave: buy wave to the mean. Next Swing: negative swing to support. Trade Type: Touch & Go don't wait for a close. █ EARNINGS AT A GLANCE </ Release Date: 10/13 BMO Earnings Anticipations: positive surprise for EPS & Revenues. Surprise-Confidence: on a scale of 0-5, #3 EPS & Revenue...
Wells Fargo is planning to lay off over 500 employees in Richland County, South Carolina, by June 30, 2024. The layoffs have already started, with the highest number of job cuts in the state listed at their location on 101 Greystone Blvd. These layoffs are part of a consolidation process affecting behind-the-scenes employees, with bank tellers and customer service...
I am long to Wells Fargo there is huge potential that this stock will bounce up in my opinion