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...
Stocks inched lower yesterday, but not Wells Fargo.
The first pattern on today’s chart is $58. WFC was trapped below that level since March 12, but closed above it on Thursday and reached its highest level in over two years. That may suggest the bank stock is breaking out.
Second, Bollinger Band Width highlights the narrow consolidation since early April. Will...
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...
The stock price of Wells Fargo & Company (WFC) can be influenced by several key factors:
Interest Rates: Wells Fargo is a big beneficiary of rising interest rates. When the Federal Reserve raises its benchmark overnight lending rate, it positively impacts banks. Wells Fargo’s margins widen as yields on interest-earning assets (such as loans) reprice higher with...
Wells Fargo & Company (symbol ‘WFC’) share price rose by around 16% in the first quarter of the year. The company is expected to report its earnings for the fiscal quarter ending March 2024 on Friday 12th of April before the market opens. The consensus EPS for the quarter is $1.09 compared to the result for the same quarter last year of $1.23.
The bank had an...
Daily chart is forming an expanding triangle, i consider it bearish as it broke 5-12 EMA clouds on daily.
Putting Fib to the chart high from previous support to see levels. We can soon test the EMA 50 level at 54.20 and 38.2% levels at 54$
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,...
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...
