Stock Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Wells Fargo (NYSE:WFC)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Jan 24th, 2020 at 47.323
The intermediate term trend has been DOWN since Dec 3rd, 2019 at 53.100
The short term trend has been DOWN since Jan 23rd, 2020 at 48.290
Smart Scan Analysis for WFC
Based on a pre-defined weighted trend formula for chart analysis, WFC scored -90 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||54.75||52wk High Date||2019-11-29|
|52wk Low||43.34||52wk Low Date||2019-08-15|
|Year End Close||34.18||Average Volume||17,818,073|
|Shares Outstanding||4,229,359||Short Interest||35,184,408|
|% Institutional||80||Market Cap||215,238M|