WELLS FARGO Stock Chart Fibonacci Analysis 0311231) Find a FIBO Slingshot
2) Check FIBO 61.80% level
3) Entry Point > 41.2/61.80%
WFC trade ideas
Wells Fargo: Diamond Top Bearish BreakdownSInce Reversing at the PCZ of a Bearish Shark WFC has formed a very clear and defined Diamond Structure. I believe that this week we will confirmed a Bearish Breakdown of Structure and the Moving Averages in which that should mark the start of a Volatile Decline to around $20 or even lower.
WFC - Bearish but Dividend PendingWFC is up about 10% over the last month and even more since Dec of last year, however the weekly price closed down last week, and is now down two weeks in a row. Several bearish indications are suggesting a pull-back in price. However WFC will issue a dividend payment to shareholders on March 1st which is supporting the current price. Overall the WFC price appears to be breaking down/out of a multi-week wedge. I see limited upside and near term downside due to QT effects and overall liquidity issues in the market, and more specifically for WFC due to the reasons listed below.
1. High volume resistance associated with a significant +12% sell-off week of Feb 5th 2018. That week WFC had closing price of $47.57 and a low of $47.35. WFC has tried and failed to move through this area for the last three weeks.
2. Significant sell off at/near current price occurred in early 2020 - associated with 'global liquidity issues' a few months before the COVID crash. Week of Jan 13, 2020 WFC's price dropped over 6% on significant volume, falling from $48.35 to $45.28 adding significant resistance at/near current price range.
3. Trendline resistance - Trendline drawn off Jan 2018 and Nov 2021 highs and other significant trendlines continue to cap current price. Further, mid-line regression trend resistance is in-play as measured off the Oct 2020 low.
4. Potential double top formation. A double top with a re-test of the recent Nov 22 highs is currently in play/occurring for WFC.
5. Bearish Volume Trends - Buyers appear to be exiting in mass on the weekly timeframe. Similar trend as seen in late 2022 and early 2023 when the WFC price dropped by over 20%.
Also of note - WFC was one of the stocks that dropped like a rock at the open on January 24th of this year and was "halted" with many trades being cancelled - not exactly sure what happened that day but I see it as a potential sign of things to come. Generally looking for WFC to move down during March 2023 after the $0.30 dividend payment on March 1st. NFA!
WFC Value or Trap I love this bank, But not at this price. Rate continue to rise at a moderate pace and although inflation has slowed I feel that there should be a pull back to maintain a safe market with consistent liquidity. I see a price manufactured in part by greed. Though WFC is well run and is a very solid stock for the long portfolio. I just thin that buying it here is not ideal. I am not going to short this as I feel there are far better opportunities in the sector. but I am No longer in a mindset of accumulation. Give me 45 or under and we can perhaps start to re-evaluate historic values. I think its time for purchases are well beyond for new buyers. There are better places to park for stability.
WFC Options Trading: Bullish Trend with Key Support and ResistanThe WFC options market is displaying a bullish trend, with resistance at 50 and support at 47. Stay informed and make informed trading decisions by keeping an eye on these key levels. Stay ahead of the game with our latest update on WFC options trading.
$WFC with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $WFC after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
WFC Wells Fargo Options Ahead of EarningsLooking at the WFC Wells Fargo options chain, i would buy the $42.5 strike price Puts with
2023-3-17 expiration date for about
$2.14 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
$WFC weekly chart going into tomorrow's earnings print Will the stock move to the $45.88 area or retest the $40.00 PL?
The consensus earnings estimate is $0.63 per share on revenue of $20.01 billion. Investor sentiment going into the company's earnings release has 45% expecting an earnings beat.
Consensus estimates are for earnings to decline year-over-year by 54.35% with revenue decreasing by 7.85%.
Overall earnings estimates have been revised lower since the company's last earnings release.
Option traders are pricing in a 5.2% move on earnings and the stock has averaged a 3.6% move in recent quarters.
WFC Bearish wedge now Bear FlagWatching for breakdown on Weekly bear flag to continue a larger trend headed down, interest rates may be a catalyst
WFC potential on downtrend - Bearish WFC most likely on downtrend especially after it break out from the support line of Double Top pattern.
Can notice that it is having high selling volume on date 20 Dec & 21 Dec which break out the support price 40.92 USD. This is a initial signal that it is bearish on WFC for future direction.
However if the price move upward which higher than the orange resistant line (41.92), this mean the downtrend is not yet confirm
Thus, for those interest to take the risk can consider :
Short position : 40.95 USD
Stop Loss: 41.92 USD (Risk 2.42%)
Note that “Past performance does not guarantee future performance. This is for just my personal opinion but not trading advise.”
QuickTrade Idea n. 224I am Bullish above $43.44 with target at $44.63
I am Bearish below $42.1 with target at $41.27
#WFC to 37$?Hello dear Traders,
Here is my idea for #WFC
Price closed below yellow line (previous month low)
Price closed in 15 Minute chart below purple trigger line -> Enter Trade.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
WFC , will support hold?Closing on uptrend support (White lines)
And horizontal support around 46$.
If we close below 46$ a full blown reversal could be under way
Wells fargo & companyHello everyone, a potential more than 80% than the market will marke PULLBACK until level 32USD
NYSE:WFC
WFC Falling window Falling window 🕯.. Bearish..
I highlighted the previous ones with green arrows
First target 42$ gap close.
My final target is support trendline
Grab some time if you want to ride the whole wave down, could take a couple of weeks . 11/18 minimum.
QuickTrade 144 : WFCLong
looking for a continuation
Short
Looking for a test of the 250 h after this huge move up.
WFC potential head and shouldersWFC potential head and shoulders will look for entry if we break above moving average 200
WFC monthly bearish hammer WFC monthly bearish hammer ABC or wave 3 of downward doesn't matter at this point. Stop loss above the hammer. Be ready to move take profit as we go.
Short idea #14- Still too high upI think WFC is setting up to be a very safe short with decent reward opportunity. I am simply waiting on SPY to get a little higher to ~389 to short this name. I see no reason why this name would continue to hold up, and I suspect it falls through November.
WFC at resistance Posted another idea that XLF is at resistance..
WFC won't break out if XLF reverses
Downside target 40$
Upside target 50$
WFC reversal.Gapped up with the rest of the banks on earnings but had some stiff resistance on weekly 50/200 EMA.
Selling pressure was significant along with daily candle structure.
4hour RSI you will see Bearish divergence .
Short entry - Below Yellow trendline or 43$.
First target -42$ gap close or blue line.
Second target - White tredlndline or 40$
