Stock Analysis: Wells Fargo & Co (WFC)

Stock Analysis for Wells Fargo & Co (WFC)

The Interpreter
Hey Friend, I'm analysing WELLS FARGO & CO (WFC), and it is between the Support of $ 56.00 (150% of Fibonacci) and the Resistance of $ 56.63 (PivotS1). The stock is also approaching the line of PivotS1 at $ 56.63, and if it goes above this line it could reach the next Resistance of 161.8% of Fibonacci at $ 57.24.

Wells Fargo & Co (WFC)

$ 59.92 -1.1%

Last Close 25-Apr-24

Trade WFC Now

Supports

Next Support: $ 56.00

Pivot S2: $ 55.85
Fibonacci 150%: $ 56.00
Triangle Level (0): $ 55.89

Resistances

Next Resistance: $ 56.63

Pivot S1: $ 56.63
Fibonacci 161.8%: $ 57.24
Triangle Level (0): $ 59.13

Supports and Resistances

Click to Enlarge

Candlesticks, "48-hour" Trade Signals +

Date	Price $	Result %	Candle Name	Side
001 20 Mar 2024	Buy Price: 57.30	Profit: Open Day1 ($ 57.59)	Piercing Line	Buy
002 14 Mar 2024	Sell Price: 57.37	Profit: Open Day1 ($ 56.86)	Engulfing	Sell
003 14 Mar 2024	Sell Price: 57.35	Profit: Open Day1 ($ 56.86)	Dark Cloud Cover	Sell
004 01 Nov 2023	Sell Price: 39.61	Loss: Close Day2 ($ 41.62)	Engulfing	Sell
005 26 Oct 2023	Buy Price: 39.65	Loss: Close Day2 ($ 39.43)	Engulfing	Buy
006 29 Sep 2023	Sell Price: 40.86	Profit: Open Day1 ($ 40.70)	Dark Cloud Cover	Sell
007 21 Jul 2023	Sell Price: 45.96	Profit: Close Day2 ($ 45.48)	Engulfing	Sell
008 25 May 2023	Buy Price: 40.90	Profit: Close Day1 ($ 41.23)	Engulfing	Buy
009 24 May 2023	Sell Price: 40.87	Profit: Open Day1 ($ 40.62)	Abandoned Baby	Sell
010One Year Average	Both Sides Result for 9 Signals	Profit: $ 0.28 ($ 0.03 / Signal) +0.6% Gross in 1 Year	All of Them	Buy + Sell

Trading Rules for Candlesticks Patterns.

Buy or Sell on the same day of the signal, during the after-hours trading session.
Watch the Opening and Closing of the next 2 days (4 in total).
Immediately exit the Trade when one of them (Open or Close, Day 1 or 2) gives you a profit.
The table above will show the first Profit opportunity, but not in real-time. Therefore, you must watch the market in real-time with your broker.

Remember: The returns an asset made in the past don't mean that future returns will be the same.

Backtest Lab, "Buy The Dip" Trade Signals +

Find The Lastest Buy Signals for WFC Below.

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The Latest Trade Signals

Moving Averages +

Bought Moving Averages

Sold Moving Averages

Simple Moving Averages (SMA) Period	Value $	Signal	Exponential Moving Averages (EMA) Period	Value $	Signal
2	60.27	SELL	2	60.18	SELL
3	60.49	SELL	3	60.24	SELL
5	60.58	SELL	5	60.05	SELL
8	59.41	BUY	8	59.60	BUY
13	58.45	BUY	13	59.01	BUY
21	58.07	BUY	21	58.36	BUY
34	57.78	BUY	34	57.42	BUY
55	55.84	BUY	55	55.88	BUY
90	53.23	BUY	90	53.61	BUY
200	47.38	BUY	200	49.44	BUY

Company Info +

Name & IPO

Wells Fargo & Co
IPO: 1962-12-10

Stock Ticker & Exchange

Ticker: WFCIndices: S&P 500,
Exchange: New York Stock Exchange, Inc. (US - USD)

Contact

Website: https://www.wellsfargo.com
Phone:

Stock Type

Common Stock

SIC Office

Finance ()

Industry

National Commercial Banks

EIN

Fiscal Year End

State of Inc.

Balance Sheets +

in USD millions (if not decimal) - Dictionary

Income Statement +

in USD millions (if not decimal) - Dictionary

Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.