$WFC Wells Fargo & Company Stock Robo Analyst December 21 2019 #WFC

Wells Fargo & Company (WFC) “On a long-term technical basis, the stock (WFC) is trading above its 200-day moving average which implies it is in a positive trend.

The stock has support at 53.10 and 49.36. If the stock breaks down through support at 53.10 then it will probably continue lower to 49.36. The stock will meet resistance at 54.40 and 61.59. If the stock breaks up through resistance at 54.40 then it will probably continue higher to 61.59. The 200-day moving average is at 48.67. This will also act as support. The stock is neutral according to the Stochastic Indicator (62.56).”