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Wells Fargo & Company (WFC) “On a long-term technical basis, the stock (WFC) is trading below its 200-day moving average which implies it is in a negative trend.
The stock has support at 25.91 and 21.97. If the stock breaks down through support at 25.91 then it will probably continue lower to 21.97. The stock has resistance at 31.19 and at 33.91. If the stock breaks up through resistance at 31.19 then it will probably continue higher to 33.91. The 200-day moving average is at 45.85. This will also act as resistance. The stock is extremely oversold according to the Stochastic Indicator (21.96).”
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