It is a rough time for many banks, But that does not mean it is necessarily going to stay like this. With Warren Buffet currently increasing his stakes in the BAC (Bank of America), Whom also holds large similar stakes in Wells Fargo with both being extremely similar especially on the charts. We could actually see Wells Fargo stock vastly increase, Now i am not...
#WFC -1H - 21.07.2020 - Ready, set... After a brief skid this monday, price broke our second downtrend with a solid bullish candel (Economic fundamental causes behind it). Hopefully, the beginning of new tendence. If we look at closely our Ichimoku cloud indicator, we will find that tenkan (convertion line) crosses upward Kijun (base line) when the price is...
July 14, 2020 WFC will report Q2 earnings. The chart above lists the estimates and includes a technical analysis of Wells Fargo & Company.
One of the big four is again similar in 2008 facing uncertainty. Last time the Fed asked them if they see a dark future in its capability to withstand the crisis. Now again, WFC is at some risk but is it really? Ok, slashing 50% of the dividend may sound discouraging and you can see it from the price movements. Nevertheless, the risk this time is not comparable...
You can see that the MACD gives a buy signal on 2 July, and CMF shows us, there are more buyers than sellers. I think we're standing at the beginning of the bullish market. On 4 July QEP got $500 million financial help for Wells Fargo Bank, so the liquidity of QEP is stable now.
Wells Fargo (WFC) looks so tasty! Monthly chart: Support level + Hammer + Oversold + Side of Bollinger Bands
Bank shares ticked higher after passing Fed stress tests, and being given the green light to pay dividends BUT they still way behind the S&P 500 this year. Lots of room to makeup
In case of SPY drop, 27.3/161.80% level or 0.786 upward fan line will work for support.
It's time to right arm with target 45 USD. Also MACD looks bullish.
It broke the downtrend line got above 50SMA and pulled back under 50SMA till to downtrend line. RSI is just above 50 and if it succeed to hold above the uptrend line the target price will be $30.46 12 month consensus price target is $39.11 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your...
✨ New charts every day ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- Depressing revenue and earnings predictions and a potential dividend cut aside, it is hard to justify shorting the big banks. Despite this, Wells Fargo's chart looks particularly bearish. While it is likely WFC will preform well in the future, it looks like for now this company...
IS THERE GOING TO BE A BANKING SYSTEM WELLS WILL TELL US . AND I AM 100 % LONG MANKIND THE NEXT EVENT IS DUE 5/10 TO 5/23 AMAZING TIME AND EVENTS LOOKING THRU THE GOLDEN RATIO AT WORK
EVERYONE AND THEIR MOTHER IS BEARISH ON WFC . IT JUST COMPLETED A SHARK HARMONIC PATTERN. IMO ITS BOTTOMED OUT FOR NOW. GAINS ARE COMING . BUY THE FEAR DON'T MISS OUT.
Wells Fargo is in an extremely delicate moment right now. The U$ 28.88 (blue line) seems to be the most important price region, where it was tested several times as support and resistance alike. The prices are in a support region at the moment (pink line), but the loss of this region could make the prices drop to lower levels (orange or red line). It would be a...
I simply marked down some interesting levels in the past to watch before they report earnings next week.
Wells Fargo has earned itself quite the rap sheet over the last 4yrs, and this is only the stuff that they've been caught with. - finance.yahoo.com Q3 & Q4 2019 Earnings both missed expectations, and a lower guidance for 2020 has been provided. If they can maintain expectations at or above their lowered 2020 forward looking guidance, maybe this uncompleted H&S...
Like nearly all the other financials on Wall Street did NYSE:WFC not enjoy Friday. Gap up above the prior high, but then the turnaround. Which, in combination with the uninspiring volume lately, makes me a shortie with a nice RRR of 4.5. But beware of the earnings on the 16th.