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Wellsfargo

WELLS FARGO- BEARISH SCENARIOThe bank earnings season continues with Wells Fargo. The San Francisco-based bank is expected to earn $0.80 per share on revenue of $17.5 billion, or less than a year ago quarter. Re-test of the resistance is expected followed by a deep dip to the $ 33 support level. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:WFCShort
by legacyFXofficial
S&P 500 down more than 20% half-yearStock costs dropped forcefully this previous week as the S&P 500 finished its most obviously terrible first 50% of any year in the greater part a long time. The S&P 500 dropped 20.6% in the initial a half year of 2022, its most horrendously terrible execution in the initial two quarters starting around 1970. The Dow Jones Industrial Average is additionally down over 14% year-to-date, while the tech-weighty Nasdaq has fallen generally 30%. On Monday, a few major U.S. banks declared they are raising their profits subsequent to passing the Federal Reserve's yearly pressure test. Bank of America raised its profit by 5%, Morgan Stanley raised its payout by 11%, Wells Fargo helped its profit by 20% and Goldman Sachs climbed its profit by 25%. Kohl's portions dropped 21% on Friday morning after the organization pulled out from buyout discussions with Franchise Group. Establishment Group had recently proposed a buyout of Kohl's at a cost of $60 per share, yet Franchise had supposedly been thinking about bringing its proposition value down to around $50 per share before talks separated. The greatest negative impetus at stock costs in 2022 has been tirelessly raised expansion, yet new information from the Bureau of Economic Analysis recommends the Federal Reserve may at long last be gaining a touch of headway in battling taking off costs. On Thursday, the BEA detailed the Personal Consumption Expenditures (PCE) list was up 4.7% year-over-year in May, down marginally from a 4.9% increase in April. LIKE, COMMENT, SHARE AND FOLLOW. DUNHAMEGOR ON ALL SOCIALS .
AMEX:SPXLLong
by DEinvestment
Did someone forget we are in a bear market?INVESTMENT CONTEXT JPMorgan CEO Jamie Dimon stated at a banking conference that investors should brace for a "hurricane right out there down the road and coming our way" At the same conference, Wells Fargo's CEO Charles Scharf added "the scenario of a soft landing is (...) extremely difficult to achieve in the environment (...) we're in today" U.S. manufacturing data for May positively surprised, with the index declining to 56.1 vs. analyst expectations of 54.5 - demand apparently remains strong even amidst supply-chain constraints choking retail Italy's natural gas distribution leader Snam bought a floating regasification terminal with capacity of 5 billion cubic meters a year from Golar LNG as efforts to diversify energy supply off from Russia gain pace President Joe Biden is expected to be visiting Saudi Arabia later in June to discuss greater OPEC+ commitment to lift crude oil production in a bout to lower prices PROFZERO'S TAKE Equities are failing to keep up the rebound attempted last week, on the back of still weak fundamentals and waning technical support - Nasdaq testing the 12k mark in particular testifies that a much-awaited bounce back in tech stocks simply can't hold for now. Tellingly, Jamie Dimon's meteorological metaphors muted from "big storm clouds" just on May 23 to a "hurricane"; ProfZero won't broadcast on The Weather Channel, but definitely concurs the winds of volatility will be blowing strongly for a few quarters more Encouraging signs from Saudi Arabia are tempering concerns of even higher crude oil prices due to Russia's output being squeezed by sanctions. OPEC+ largest producer indicated it will step in raising output should Russia's quota drop excessively - yet ProfZero argues that can't be expected happen too fast, given the cartel's clear liking for the current price environment. Call on President Biden to ease the increase ProfZero won't say "I told you" - the big red candle on page 3 does an already excellent job reminding BTC traded in overbought territory for almost 2 sessions. Calling the bottom now? Only on stronger fundamentals PROFONE'S TAKE ProfOne set its eyes on lithium, indicated by IEA as the mineral for which demand was growing the fastest. Lithium price ballooned 68% since the beginning of 2022, and car manufacturers do not anticipate any easing for several years, now that the European Parliament just voted to ban the sale of new cars with combustion engine from 2035. Lithium demand is growing so rapidly that ProfOne understands why Tesla (TSLA) CEO Elon Musk wants to integrate upstream into lithium production. Lithium shares a common issue in the commodity space - 80% of the world’s lithium is mined in just 3 countries, namely Australia, Chile and China. Yet another head-scratching factor amidst talks of de-globalization and tighter supply chains PROFTHREE'S TAKE This week was rich in Purchasing Manager’s Indices (PMIs) print for May in China. Both the official manufacturing PMI and the Caixin gauge beat expectations, ticking up from April lows. Although the figures remain below the 50-point level which separates growth from contraction, the negative trend seems to have come to an end (or a hold) thanks to lifting in COVID-19 restrictions. ProfThree sees optimism over Shanghai reopening to continue, yet warns against being too naive to exclude the probability of another variant coming. With China’s economy reeling and limited headroom for monetary stimulus due to soaring inflation, it is too early to call a rebound. Profs remain cautious about this year’s economic perspectives for the country - and in a certain way for the (ex?) globalized world at large
CME:BTC1!
by ProfZero
Wells Fargo Reversing? Wells Fargo Short Term - We look to Sell at 52.76 (stop at 54.67) Preferred trade is to sell into rallies. There is scope for mild buying at the open but gains should be limited. Bespoke resistance is located at 52.00. The bias is still for lower levels and we look for any gains to be limited. Our profit targets will be 46.89 and 44.53 Resistance: 52.00 / 55.00 / 60.00 Support: 46.00 / 43.00 / 40.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:WFCShort
by Saxo
Wells Fargo: Changing the Trend? Wells Fargo - Short Term - We look to Sell at 51.31 (stop at 53.31) Preferred trade is to sell into rallies. 20 1day EMA is at 51.20. Bespoke resistance is located at 51.00. The bias is still for lower levels and we look for any gains to be limited. Our profit targets will be 46.00 and 44.53 Resistance: 51.00 / 55.00 / 60.00 Support: 46.00 / 43.00 / 40.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:WFCShort
by Saxo
Wells Fargo at 61.8% Fibonacci RetracementWells Fargo - Short Term - We look to Buy at 51.28 (stop at 49.63) Preferred trade is to buy on dips. Previous support located at 51.00. We have a 61.8% Fibonacci pullback level of 51.49 from 46.04 to 60.30. The medium term bias remains bullish. Expect trading to remain mixed and volatile. Our profit targets will be 56.06 and 59.10 Resistance: 57.00 / 60.00 / 65.00 Support: 51.00 / 47.00 / 40.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:WFCLong
by Saxo
Wells Fargo Can Go Far!Wells Fargo - Short Term - We look to Buy at 52.00 (stop at 50.30) We look to buy dips. 50 1day EMA is at 51.50. Buying continued from the 50% pullback level of 52.56. Posted a Bullish Hammer Bottom on the Daily chart. Previous resistance, now becomes support at 51.00. Our profit targets will be 58.10 and 61.45 Resistance: 55.00 / 59.00 / 65.00 Support: 51.00 / 45.00 / 40.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:WFCLong
by Saxo
Citigroup Is Seen to Have an 18% Upside PotentialJPMorgan, Citigroup and Wells Fargo are going to publish their quarterly earnings reports on Friday.JPMorgan’s Earnings per share (EPS) is expected to be at $3.03 and its revenue is forecasted to be $29.89 billion. Wells Fargo is expected to report EPS at $1.12 and revenue at $18.9 billion, while Citigroup is seen to report EPS at $1.38, and revenue at $16.75 billion.According to Refinitive polls the strongest upside potential is expected to be seen from the Citigroup stocks at $80.47 per share, or with an uprise of 18.72% of the current prices.  Let’s look closer at the technical incentives of this possible spike. Firstly, stocks are moving within the upward trend that started in March 2020, and the last time this trend line has reached was at the end of 2021. The recent upside wave started on December 20, 2021. However, the upside potential at the moment is limited by the resistance line of the junior downside trend from February 2021. This junior trend was approached by the price from the downside for the fourth time. This increases the chances of a possible breakthrough. Once successful, if the price surpasses the $68.70-69.00 area, it would lead the price to the previous highs at $80-83 per share. The last time Citigroup stock prices were located at $80.29 and at $80.70 was in June 2021 and January 2018 respectively. The all-time high for the stock prices was established at $83.11 in January 2020. So, technically there are no reasons to stop the climb after stock prices would break above $69.00 per share. However, even the ongoing attempt of a breakthrough would be less successful this time so Citigroup stocks should not be left behind, as they may perform a short downside correction to $64.50-65.00 to the crossing of the EMA21 and EMA55 moving averages on the daily chart. From this zone buy operations could be resumed as the next attempt of an upside breakthrough could finally succeed.
NYSE:CLong
by scavoanastasiia
1
Wells Fargo LongWells Fargo shares gained nearly 15% so far this year ahead of its fourth-quarter earnings, which is expected to enjoy better loan activity and a higher net interest income than that seen in early last year due to favorable industry trends. The fourth-largest U.S. lender is expected to report its fourth-quarter earnings of $1.11 per share, which represents a year-on-year growth of over 70% from $0.64 per share seen in the same period a year ago. The San Francisco, California-based multinational financial services company would post revenue growth of more than 4% to $18.8 billion. Wells Fargo shares rose over 1% to $55.35 on Monday. The stock jumped nearly 15% so far this year after surging nearly 60% in 2021. Analyst Comments: “Wells Fargo (WFC) benefit to EPS from rising rates is the highest in the group, with each 50bps increase in FF driving 15% increase in EPS; 50bps in long-end rates drives 7% to EPS. WFC is in a strong.
NYSE:WFCLong
by JohnGoldman1
WFC longEntry price: 48-50$ Target price: 54-55$ Chart pattern: Bullish symmetrical triangle. The price just broke the upper boundary of triangle and retested that level as a support. Moreover, the price breakout was confirmed by increased volume. RSI: Neutral, approaching 60 level, thus, there is still a potential for the future growth. Conclusions: Chart pattern and RSI suggest bullish momentum of the asset. Therefore, the long position is recommended after the price breakout. No financial advice
NYSE:WFCLong
by vf_investment
1
Wells Fargo (WFC) bullish scenario:The technical figure Triangle can be found in US company Wells Fargo (WFC) at daily chart. Wells Fargo & Company is an American multinational financial services company. The company has operations in 35 countries with over 70 million customers globally. It is considered a systemically important financial institution by the Financial Stability Board. The Triangle has broken through the resistance line on 16/10/2021, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 15 days towards 49.96 USD. Your stop loss order according to experts should be placed at 44.83 USD if you decide to enter this position. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:WFCLong
by legacyFXofficial
Trading Idea #WFC (LONG) 📈 58.50! (WellsFargo)👋 Hello Traders! In this video, I analyzed #WFC in detail. I bring to your attention one of my orders. 📈 #WFC went down for a long time (MN1) and only in May WFC broke through the downtrend and formed a new uptrend. WFC completed the correction in June and broke through the new level 47.45. Now the WFC is going up to three levels 54.30, 58.50 and 65.35. 🎯 I recommend BuyStop 51.10 or BuyLimit 48.60 with SL ~ 42.00 ✅ If you like what I do - put 👍 and subscribe ❗️ ❓ I would be glad to see your comments, what do you think about this? DISCLAIMER: This idea is not a trade recommendation, it has an informational purpose. The trader independently analyzes and decides whether to use this information.
NYSE:WFCLong
by Maxim_Lushnikov
$SPY Divergence; Its different this time!!??A little background on myself as this is my VERY FIRST EVER POST. Like most of us on here, I have tremendous goals in life and don't want to settle for "being average". I grew up below the middle class by a single mother of four kids that worked two full time jobs to provide for her kids and I couldn't afford university. I have worked in the oil patch in Alberta Canada along with a few well paying labor intensive jobs to earn more money to find the more I earned, the more taxes I paid and expenses I seemed to have incurred. Life felt like a trap and this was brought forth by my favorite author and someone I'd consider a mentor now; Robert Kiyosaki, approximately two years ago. I've taken it upon myself to educate about many subjects starting with banks and our monetary system over the past two years. (I wont get too in depth with this subject as it can be debated and go on, and on, and on) I was pleased to learn the Federal Reserve has nothing to do with the Federal Government and there is no reserves (who knew right!?)… Banks have fascinated myself as they hold the most of what I want. I've witnessed first hand ITS ALWAYS ABOUT THE MONEY many times over the past year, most recently with my wife and mother of our two kids - 11 months and three years old, battling breast cancer at the age of 32 years (about to go for her second round of chemotherapy) when she had to try a drug that makes her feel like crap and fail first because the other one that's substantially more affective with less side affects - costs more money. Much like most wealthy people (I don't consider myself wealthy. Yet). I want people to create an empire, and success stories get me excited! So, I've decided this is my first step in sharing something with the rest of you that have influenced many trading ideas and decisions over the past two years. I would appreciate any feedback or opinions on this because as I've learned; NEVER let your opinion put the blinders on or emotions get in the way of a trade. (this was my cost of education haha). THANK YOU TO EVERYONE THAT POSTS AND SHARES THEIR IDEAS - I have and will continue to learn from all of you at one point or another! NOW to the "MEAT AND POTATOS" The banks tops pre-Covid Crash - I'm calling this a crash because of how short lived losses were - December 23, 2019. 36 Trading days later we saw the S&P begin to take a bath. JPM, WFC, & BAC (the 3 largest banks in America) had a very visible divergence prior to this fall out creating lower highs as the S&P was making new highs which sounded an alarm in my head however I kept it to myself being newer to the markets and sold most positions sitting on what I had ready to buy the bottom. I didn't quite buy the bottom but definitely caught my sails in the winds on the way back up but that's besides the point. Here we are 360 trading days later banks have clearly put in new highs June 1st Since there is a clear divergence AGAIN in place between the big 3 and the S&P 500 JPM Earnings July 14th (tomorrow) - DOWN 1.40% TODAY WFC Earnings July 14th (tomorrow) - DOWN 1.90% TODAY BAC Earnings July 14th (tomorrow) - DOWN 1.45% TODAY 36 trading days from June 1st highs would lead me to July 23rd (also happens to be my bday - this would top any cake I've had) for the beginning of a potential correction! Time will tell but I will be watching how they react to earnings. If they make a lower high I will shuffle over to more of a bearish position and increase my hedge on call options in SH, UVXY, SPXU. New highs will indicate S&P has great potential to keep running! Both scenarios are still in play! Another little touch to leave yourselves with encouraging a proper hedge: ***Copied from yahoo finance data*** Top 8 Holdings in SH (51.55% of Total Assets) Name Symbol % Assets S&P 500 Index Swap Bank Of America Na N/A 11.03% S&P 500 Index Swap Bnp Paribas N/A 8.22% S&P 500 Index Swap Goldman Sachs International N/A 7.45% S&P 500 Index Swap Societe Generale N/A 6.74% S&P 500 Index Swap Ubs Ag N/A 6.34% S&P 500 Index Swap Citibank Na N/A 5.23% United States Treasury Bills N/A 3.37% S&P 500 Index Swap Credit Suisse International N/A 3.17% ***Copied from yahoo finance data*** Top 8 Holdings in SPXU (109.31% of Total Assets) Name Symbol % Assets S&P 500 Index Swap Credit Suisse International N/A 22.37% S&P 500 Index Swap Societe Generale N/A 20.03% S&P 500 Index Swap Ubs Ag N/A 18.23% S&P 500 Index Swap Goldman Sachs International N/A 14.18% S&P 500 Index Swap Bank Of America Na N/A 12.11% S&P 500 Index Swap Bnp Paribas N/A 11.10% S&P 500 Index Swap Citibank Na N/A 6.55% United States Treasury Bills N/A 4.74% Very similar trends in Canadian bank stocks if you care to take the time and compare TD, RY, BMO, BNS as well! Thank you all for reading and PLEASE share your thoughts on this!
AMEX:SPY
by stsoumpas
16
Wells Fargo long positionWells Fargo is a financial services company, the fourth best bank in the United States with a large market capitalization, from 2014 to 2019 its average price is $ 50 trading at this time at $ 44, on the 14th the results are delivered and although they are Its projections a bit high, the company has an upward trend looking for its average price and exceeding it if possible, when we see it graphically we can observe its 2020 ceiling and hopes to use it again floor. We look for the volume areas per month and for 45 minutes to see if there is strength with the volume profile that the trading view offers us, and we look for a confirmation with points of a fibonacci retracement of the fall of 2020 I'm looking for a long entry, with a stop at $ 42 in case the next income statement plays against us
NYSE:WFC
by soychrisalas
ES : TIME 2 GET SERIOUS / 8'S CRY 4 HELP alright boyz idc how much xbox u play or how much reddit u read... the mkts crashing. & im dealing with identity theft still the timing ..... whatever!!!!!! welcome to monte carlooooooooooooooo i cannot and will not let this get in my way while the oppurtunity of a lifetime is upon us!!!!! I have made a completely new bank accounts, emails, two new phones etc etc etc and i want to try a new brokerage any ideas? I trade options and basically thats what I want the account for speculation I am looking for something that offers good charting on options and what not ...... also if you guys got some yummy short ideas that not everyone is crowding in on feel free to send me a message or comment below I'm gonna be posting more frequently again Ive been running around securing all of my accounts as a result, I feel a bit out of step with the markets so any input or ideas is greatly appreciated especially right now looks like things are going to be moving quick.... key level is at 3655 below & more downside is likely to come trade level headed goodluck
CME_MINI:ES1!Short
by UnknownUnicorn7567260