Wells Fargo stock: buy or sell
Updated on:
Jul 29th, 2021
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Wells Fargo stock brief
- Counting on Wednesday, it's been 3 consecutive sessions in positive for Wells Fargo. Price closed on Wednesday at $45.51 after barely moving a 0.82%.
- Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets and proudly serves one in three U.
Should I buy Wells Fargo stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $WFC stock a buy?
In the current situation of Wells Fargo there is not any eligible buy setup. This doesn't mean $WFC will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Wells Fargo stock?
When is it time to sell Wells Fargo stock?. Trading strategies prevent us from making impetuous decisions based on our personal moods or the noise surrounding the market. Our trading system selects very simple strategies to guide us on when is the best moment to sell a stock. Be aware that these strategies are not intended for shorting $WFC stock
A guiding principle is that you should not mantain an open trade that generates greater losses than those expected upon purchase. When to sell shares should always be ruled by the stop-loss (automatic or manual)
Is it time to sell Wells Fargo stock?
Currently, Wells Fargo stock doesn't match any of our preferred sell setups, so if you own Wells Fargo shares and your operation is in profit probably is not time to sell now
Wells Fargo ratings
In the previous month we couldn't find any rating for Wells Fargo
Wells Fargo stock analysis
SMAs overview
Supports and resistances
The current resistance levels are:
The current supports are:
Bollinger bands
The price is trading very close to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a sell signal, as price can move in these levels for many days and weeks
Relative strength index
The RSI crossed up the oversold level of 30 in mid-June after just being in the oversold zone for a single day (what can be considered a strength sign). The RSI value on Wednesday was 54.11. Wells Fargo price exploded a 9.01% since then
Wells Fargo stock price history
Wells Fargo started trading on Jun 1st, 1972 at $0.00 per share1. Since then, WFC stock surged by -, with an average of 0.00% per year. An investment of thousand dollars on the IPO would worth $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Wells Fargo stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions post their price target based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new fundamental data by the company, and usually. Again, these targets are not direct recommendations for individual traders and must not be trusted blindly.
In the last 30 days we couldn't find any price target published for Wells Fargo stock.
Earnings and financials
Wells Fargo ($WFC) hosted the quarterly financial event and released the report on July 14. Wells Fargo surpassed analysts estimates and posted of $1.38, that is a 42.27% better than expected compared to the predictions of $0.97. In line, reported sales were $20.3 billion versus estimates of $17.8 billion.
Compared to the same quarter one year ago, EPS was $-0.66, so reported EPS is a improvement of 309.09%. Looking at revenue, figures exploded a 158.40% compared to $83.3B same quarter last year.Wells Fargo ($WFC) will host the earnings call next October. Market predicts of $0.98, compared to Q2 that made $1.38.
Wells Fargo performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Wells Fargo ($WFC) | -1.20% | 0.00% | 49.90% |
Important note:
The thoughts written in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not have any knowledge of the specific scenarios of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are published for learning purposes onlyWells Fargo summary
| Wednesday, July 28th, 2021 | |
|---|---|
| Open | $45.38 |
| Close | $45.51 |
| Day range | $44.98 - $46.04 |
| Previous close | $45.14 |
| Session gain | 0.82% |
| Average true range | $1.77 |
| 50d mov avg | $45.15 |
| 100d mov avg | $43.57 |
| 200d mov avg | $36.37 |
| Earnings date | October 14th, 2021 |
Frequently asked questions
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Is Wells Fargo stock a buy or sell?
Will WFC go up?
Latest Wells Fargo news
- InvestorPlaceWhy Wells Fargo Could Finally Rally in the Next YearNov 19, 2020