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Wellsfargo

Wells Fargo - trouble?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 very risky buy, not worth in my opinion, because we lack bullish signals here. Also, there is something that seems to be a Head and Shoulders pattern (red circles), which is a bearish pattern, but I would wait for a pullback to short the stock. It is very dangerous times and is better be safe than sorry.
NYSE:WFC
by Nathan_The_Finance_Hydra
WFC Short IdeaWells 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 will result in their favor. However, I am not confident that they are not losing customers every day currently and that it won't be reflected in share price within the upcoming quarters. It already is looking like the suspected H&S pattern will complete with a swift down move to follow, only time will tell though. Keeping an eye on this one for prospects of opening a short after further confirmation.
NYSE:WFCShort
by Acitsilos
Well Fargo to drop to $38?Wells Fargo created an HVF pattern starting from around the year 2009 leading up to about 2012. It broke out of the funnel, hitting both targets nicely. It hit perfectly at the main target for its ATH (creating the head for the H&S pattern) then dropping right back down. It is seeming to come to a finish on the H&S pattern and if it breaks the neckline, we could potentially see targets to about $38 or more (about 28% profit from the neckline). Lets see how this plays out over time. Keep in mind this might take some time to hit its targets considering that this is a weekly graph
NYSE:WFCShort
by KennySniper
JP Morgan in the spotlight before earnings report on 13/07/2018This Friday 13/07/2018 three of the main USA Banks are releasing quarterly results #JPM #C #WFC, The Banking sector is experiencing positive fundamentals that have been driving the spike of their stocks in recent months: 1. USA Interest rate hikes : according to Bloomberg research, for each 1% that USA increases the interest rate level Banks like Bank of America will be benefited with extra revenue of USD 5,6 Bn. 2. Corporate tax cuts : Donald Trumps´s December 2017 corporate tax cut approval down to 21% is boosting USA Banks tax savings, according to Associated press those savings are reaching USD 3,6 Bn. 3. Deregulation : Donald Trump is willing to continue softening USA Banks regulation, such as the Volcker rule. USA Regulators already started rewriting one of the most debated Dodd Frank´s rule. • JP Morgan is expected to release USD 2,24 EPS (Nasdaq.com), +23,07% compared to the previous results of USD 1,82 EPS. • On the April´s 2018 quarterly result the volatility increased up to 603 pips. Key point: Now as shown in the chart, JP Morgan is facing a great technical momentum trading above the USD 102-104 range support as well as above two FIBO 0,382 & 0,236. If the earnings market mover is not able to drive JPM stock clearly below the USD 102-104, I see JP Morgan with a technical bullish momentum above USD 102. Adrian Lopez de Armentia - EFA
NYSE:JPM
by Adrian_Armentia
1
Wells Fargo's Resurgence (part 2)AT this aspect of the analysis will be straight forward because at this point, after studying the long-term trend (5-yr), we discerned that the price was trending up. After looking at the 1-yr chart my conviction hasn't been swayed although the price's trend is heading into a resistance cloud and 31.8% resistance level I feel there's enough momentum to break through them. At this point the long-term and mid-term perspectives look good the next will be to try to forecast the shorter-term prospective. BUT, I like the stock enough that I don't know that there's any more evidence from the price action to assuage me from further research. The last part of this analysis will be to do the fundamental analysis and understand the growth prospects of the company from within. I'm not averse to doing the short term analysis, leave a comment if you'd like me to do it. Check my blog Ready Set Budget (readysetbudget.blogspot.com) for other aspects of financial planning.
NYSE:WFCLong
by ReadySetBudget
2
Well Fargo's Resurgence (Part 1)This is the first part of my top down analysis of Wells Fargo which is looking to pick up the pieces from it's recent scandals. At this point of the analysis I'm working in reverse by looking at the trend before I look at the actual value of the company and it's financial position. The overall trend is upwards even though this year there was a massive retraction. BUT that retraction is just faced its bottom resistance (W- bottom) which look like the bottom of an upward trend. The price just jumped off the 200-day moving average (exponential) and is fixing to catch up to the 50-day moving average. The 50-day moving average is starting to turn up as well but the rate of change in volume is quite subdued, but the momentum is slowly turning. Comments and positive criticism are always welcome!
NYSE:WFCLong
by ReadySetBudget
Wells Fargo - Short Term Sell OpportunityThe currencies market has been slow the last two weeks. This is where having a stock/equities portfolio comes in play. Short term wise, we do have a sell opportunity on Wells Fargo, WFC. Fundamental analysis 1) Revenue has been growing, but net income has been falling; 2) Operating cash flow and FCF dropped drastically; and 3) Both ROA and ROE has been dropping. All these fundamental financial ratios are concerning for WFC. Technical analysis We have seen price completed a 5-wave structure, and is potentially still in a correction. Price made an impulse drop from 59.97 to 51.22 recently and has since been moving sideways. Looking at how price is currently developing, we are expecting one more move to the downside after one more push to the upside between 56.18 to 57.84 region. Potential target for the short term sell opportunity will be around 48.84 to 49.85 area. **Do you own due diligence as this is simply one perspective of the market.
NYSE:WFCShort
by KarYong
All's Not Well At Wells FargoOn May 5, 2017, the Wells Fargo & Company WFC 50 day moving average crossed below its 100 DMA. Historically this has occurred 61 times and the stock does not always continue to drop. It has a median loss of 4.438% and maximum loss of 23.427% over the following 24 trading days.. When we take a look at other technical indicators, the relative strength index (RSI) is at 53.1379. RSI tends to determine trends, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading has the stock moving lower. The RSI has been trending lower since November 2016. Even though the RSI typically cycles between overbought and oversold levels, that has not necessarily been the case with this stock. Overall the RSI is failing to make newer highs which is another significant signal of downward movement. This overall downtrend should continue as long as the RSI stays below this trendline. The true strength index (TSI) is currently -12.8863. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is down. The positive vortex indicator (VI) is at 1.0788 and the negative is at 0.6624. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. Currently the stock had been moving up, however, it has begun its reversal downward. The stochastic oscillator K value is 80.2266 and D value is 81.8878. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. Currently the indicator is in overbought territory and the downtrend is beginning. The stock has a history this year of easily swinging up and down three-plus percent when overbought and oversold. Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be pointing down. Based on historical movement compared to current levels and the current position, the stock could drop at least 3% over the next 24 trading days. The trend, MA crossover, RSI, VI, and stochastic strongly support this pending downward skew.
NYSE:WFCShort
by StockSignaler