Stock Trend Analysis Report
Prepared for you on Wednesday, January 18, 2017.
WELLS FARGO (NYSE:WFC)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 51.000
The intermediate term trend has been DOWN since Jan 9th, 2017 at 54.475
The short term trend has been DOWN since Jan 17th, 2017 at 53.720
Smart Scan Analysis for WFC
Based on a pre-defined weighted trend formula for chart analysis, WFC scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||56.35||Year High Date||2017-01-03|
|Year Low||53.58||Year Low Date||2017-01-17|
|52wk High||58.02||52wk High Date||2016-12-08|
|52wk Low||43.55||52wk Low Date||2016-10-04|
|Year End Close||34.18||Average Volume||18,100,699|
|Shares Outstanding||5,264,273||Short Interest||35,184,408|