29 May, 2018
WFC Wells Fargo & Co ranked third in America’s top 15 largest (in term of Assets) banks by https://www.bankrate.com/.
Today, we will study WFC stock price.
US Stock Chart Analysis
WFC Wells Fargo & Company and Moving Averages and Bollinger Bands
Picture worth a thousand words, see chart on Wells Fargo & Company stock price.
Price Action and Moving Averages:
Stock code: WFC, Wells Fargo & Company has closed above its 20 period moving average.
Short Term, 20 period moving average is currently above Mid term, 50 period moving average, and 20 MA is below Long Term 100 period Moving Average.
See chart, both 100 and 50 MA are slopping down, except 20 MA is slopping up.
Bollinger Bands:
Wells Fargo & Company, WFC ranked third by assets in 2018 has closed below Bollinger upper band. See the pink shallow.
Bollinger Bands are narrower than normal.
Manage your risk!
WFC Wells Fargo & Company and MACD
See chart, MACD indicator and Wells Fargo & Company stock price action. Picture worth a thousands words. Manage your risk.
Moses US Stock Chart Analysis
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Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.