Stock Trend Analysis Report
Prepared for you on Monday, February 27, 2017.
WELLS FARGO (NYSE:WFC)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for WFC
The long term trend has been UP since Nov 10th, 2016 at 51.00
The intermediate term trend has been UP since Jan 25th, 2017 at 56.35
The short term trend has been DOWN since Feb 24th, 2017 at 57.90
Smart Scan Analysis for WFC
Based on a pre-defined weighted trend formula for chart analysis, WFC scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||59.005||Year High Date||2017-02-15|
|Year Low||53.34||Year Low Date||2017-01-18|
|52wk High||59.005||52wk High Date||2017-02-15|
|52wk Low||43.55||52wk Low Date||2016-10-04|
|Year End Close||34.18||Average Volume||16,585,037|
|Shares Outstanding||5,264,273||Short Interest||35,184,408|