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 60usd strike price Calls with an expiration date of 2025-1-17, for a premium of approximately $4.85. If these options prove to be profitable prior to the earnings...
Wells Fargo ( NYSE:WFC ), one of the largest banks in the United States with $1.9 trillion in assets, has partnered with TradeSun to integrate artificial intelligence (AI) into its trade finance operations. The bank will use TradeSun Intelligence V4, an AI platform that digitizes and optimizes trade finance and compliance processes. The solution is designed to...
📈 Current Status: Challenges Addressed: NYSE:WFC is tackling challenges through strategic measures and regulatory compliance. Diversified Segments: Despite a rising net charge-off ratio, diversified business segments are expected to mitigate adverse impacts. Financial Health: WFC's Tier 1 capital ratio exceeds regulatory requirements, showcasing its financial...
Wells Fargo ( NYSE:WFC ), a key player in the banking sector, recently reported a slight dip in first-quarter profit, raising concerns about the bank's performance and its strategies moving forward. Despite a slight increase in revenue compared to the previous year, the bank witnessed a 7% decline in first-quarter profit. This decline was primarily attributed to...
BAC is showed here on a 100R(ange) where price action from the Covid lows to the federal stimulus highs to the fade and consolidation of Summer 2022 to Summer 2023 and another fade and reversal from it are seen on the chart. At presen, BAC has reversed upside. With Uncles Powell and Sam announcing likely three rate cuts in 24Q3 and 24Q4, I see...
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%...
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,...
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...
💡 Pattern: Bull Flag 💡 RSI: 51 Neutral 💡 Risk: Medium ✅ Resistance: 158 ✅ Support: 144 PERFORMANCE 🟡 ST: HOLD 🟡 MT: HOLD 🟢 LT: POSITIVE *ST: Short-term | MT: Mid-term | LT: Long-term Verify it first and believe later. WavePoint ❤️
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...
On this 4H chart, I see WFC having had a bit trend up and then a retractment through the upper anchored VWAP lines toward the mean running VWAP where I expect a bounce. At present, price action is in a bit of a flat bottom triangle. The ZL MACD supports this impending reversal with bullish divergence in the line cross under a histogram which went red to...
🔹Resistance become support at 144 in NEGATIVE reaction. 🔹POSITIVE volume balance indicates higher volume on rising days. 🔹RSI above 70 indicates strong short-term POSITIVE momentum. 🔹Technically POSITIVE for the medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle |...
Wells Fargo crossed on Friday over the HH trendline that was in effect since April 19th, invalidating it as a Resistance and instead giving form to a Channel Up pattern that is supported by the 1D MA50. The 1D technicals are bullish (RSI = 69.130, MACD = 0.870, ADX = 27.314) and even though the nearly overbought RSI will required a technical pullback in order to...
If you haven`t sold WFC here: or bought it here: Then Analyzing the options chain of WFC Wells Fargo & Company prior to the earnings report this week, I would consider purchasing the 42.5usd strike price Puts with an expiration date of 2023-8-18, for a premium of approximately $1.42. If these options prove to be profitable prior to the earnings release, I...
🔹Strong development within a rising trend channel in the medium long term. 🔹Double bottom formation and given signal of further rise to 47.78. Support at 42.24 if NEGATIVE reaction occur. 🔹Between support 40.50 and resistance 46.00. 🔹Technically slightly negative for the medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH...
BAC on the daily recently descended from an asymmetrical head and shoulders pattern near to or in the supply zone as indicated by the Luxalgo indicator down into the demand zone in late March and early May for a double bottom. Fundamentally, the banking system has been propped up by the federal central banking mechanisms and the situation seems to have...
Some weeks ago we have published analysis on the WFC stock where we explained that more downside is likely: This time, we have a pleasure to show you analysis on lower time frame. We expected more downside as the chart indicates a bearish sentiment as it forms a double top pattern. Entree at 40.79 Stop-loss at 42.58 Taking profit at 36.55