Stock Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
WELLS FARGO (NYSE:WFC)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 DOWN since Sep 27th, 2018 at 53.015
The intermediate term trend has been DOWN since Sep 7th, 2018 at 57.560
The short term trend has been DOWN since Nov 6th, 2018 at 53.110
Smart Scan Analysis for WFC
Based on a pre-defined weighted trend formula for chart analysis, WFC scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||66.31||Year High Date||2018-01-29|
|Year Low||50.02||Year Low Date||2018-10-24|
|52wk High||66.31||52wk High Date||2018-01-29|
|52wk Low||50.02||52wk Low Date||2018-10-24|
|Year End Close||34.18||Average Volume||23,224,894|
|Shares Outstanding||5,264,273||Short Interest||35,184,408|