When the Price of Wells Fargo $WFC Talks, People Listen
November 01, 2023, 10:15 am ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for WFC
- Buy WFC slightly over 36.83 target 40.77 stop loss @ 36.72 Details
The technical summary data tells us to buy WFC near 36.83 with an upside target of 40.77. This data also tells us to set a stop loss @ 36.72 to protect against excessive loss in case the stock begins to move against the trade. 36.83 is the first level of support below 39.89 , and by rule, any test of support is a buy signal. In this case, support 36.83 would be being tested, so a buy signal would exist.
- Short WFC slightly under 40.77, target 36.83, stop loss @ 40.89 Details
The technical summary data is suggesting a short of WFC as it gets near 40.77 with a downside target of 36.83. We should have a stop loss in place at 40.89though. 40.77 is the first level of resistance above 39.89, and by rule, any test of resistance is a short signal. In this case, if resistance 40.77 is being tested, so a short signal would exist.
Swing Trading Plans for WFC
- Buy WFC slightly over 40.20, target 40.77, Stop Loss @ 40.08 Details
If 40.20 begins to break higher, the technical summary data tells us to buy WFC just slightly over 40.20, with an upside target of 40.77. The data also tells us to set a stop loss @ 40.08 in case the stock turns against the trade. 40.20 is the first level of resistance above 39.89, and by rule, any break above resistance is a buy signal. In this case, 40.20, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short WFC slightly near 40.20, target 38.29, Stop Loss @ 40.32. Details
The technical summary data is suggesting a short of WFC if it tests 40.20 with a downside target of 38.29. We should have a stop loss in place at 40.32 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 40.20, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for WFC
- Buy WFC slightly over 40.20, target 40.77, Stop Loss @ 40.11 Details
If 40.20 begins to break higher, the technical summary data tells us to buy WFC just slightly over 40.20, with an upside target of 40.77. The data also tells us to set a stop loss @ 40.11 in case the stock turns against the trade. 40.20 is the first level of resistance above 39.89, and by rule, any break above resistance is a buy signal. In this case, 40.20, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short WFC slightly near 40.20, target 39.55, Stop Loss @ 40.29. Details
The technical summary data is suggesting a short of WFC if it tests 40.20 with a downside target of 39.55. We should have a stop loss in place at 40.29 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 40.20, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Wells Fargo (WFC) available here: WFC.
WFC Ratings for November 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
36.83 |
| P2 |
38.78 |
38.29 |
40.77 |
| P3 |
39.55 |
40.20 |
44.51 |
AI Generated Signals for WFC
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Wells Fargo (NYSE: WFC) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for WFC can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for WFC:
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