Stock Trend Analysis Report
Prepared for you on Monday, February 19, 2018.
WELLS FARGO (NYSE:WFC)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Oct 31st, 2017 at 56.450
The intermediate term trend has been DOWN since Feb 5th, 2018 at 62.175
The short term trend has been UP since Feb 13th, 2018 at 57.440
Smart Scan Analysis for WFC
Based on a pre-defined weighted trend formula for chart analysis, WFC scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||66.31||Year High Date||2018-01-29|
|Year Low||54.72||Year Low Date||2018-02-09|
|52wk High||66.31||52wk High Date||2018-01-29|
|52wk Low||49.27||52wk Low Date||2017-09-07|
|Year End Close||34.18||Average Volume||29,997,664|
|Shares Outstanding||5,264,273||Short Interest||35,184,408|