Wells Fargo is down for the 2nd day in a row

The time view for Wells Fargo

  • Currently the price of WFC is down -$0.36 (-0.79%) of the previous hour.
  • It was a feast for the bears operating on an hourly period, because Wells Fargo is now gone down 8 of the last 10 hours.
  • As for the trend, note that the strongest trend exists on the 50 hour time frame.
  • The moving averages on the hourly timeframe suggest a rise in price, as the 20, 50, 100 and 200 are all in a bullish alignment – ​​meaning the shorter timeframes are higher than the longer timeframe averages, implying a strong upward trend.

Wells Fargo’s hourly price chart is shown below.

The Wells Fargo Daily View

  • At present, the price of WFC is down -$0.66 (-1.43%) from yesterday.
  • The daily chart shows Wells Fargo saw 2 days in a row.
  • Regarding the trend on the daily calendar, we see the clearest trend over the 20 day period.
  • The moving averages over the daily timeframe suggest instability in the price, as the 20, 50, 100 and 200 are all in a mixed alignment – ​​meaning the trend over the timeframes is inconsistent, indicating potential opportunity for remote merchants.
  • A divergence between the price of WFC and its RSI may occur. As such, be on the lookout for a trend reversal in WFC price.

Below is a daily price chart from Wells Fargo.

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