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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 generally implies it is in a negative trend.
The stock has support at 20.75 and 17.27. If the stock breaks down through support at 20.75 then it will probably continue lower to 17.27. The stock has resistance at 22.56 and at 23.70. If the stock breaks up through resistance at 22.56 then it will probably continue higher to 23.70. The 200-day moving average is at 29.40. This will also act as resistance. The stock is extremely oversold according to the Stochastic Indicator (10.11).”
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