What Technical Indicators Show About Wells Fargo & Company (WFC)?


Wells Fargo & Company (NYSE:WFC) finished Thursday with an addition of $0.21 to close at $41.33, an upside of 0.51 percent. An average of 12,266,800 shares of common stock have been traded in the last five days. There was a gain of $0.21 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 20,229,150 shares traded, while the 50-day average volume stands at 17,974,924.

WFC stock has decreased by -13.12% in the last month. The company shares reached their 1-month lowest point of $40.02 on 12/22/22. With the stock rallying to its 52-week high on 02/10/22, shares of the company touched a low of $36.54 and a high of $60.30 in 52 weeks. It has reached a new high 12 times so far this year and lost -13.86% or -$6.65 in price. In spite of this, the price is down -31.46% from the 52-week high.

Will You Miss Out On This Growth Stock Boom?

A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.

And this is just one of our 5 Best Growth Stocks To Own For 2023.


Insider Transactions

WFC stock investors should be aware that Wells Fargo & Company (WFC) stock had its last reported insider trading activity 241 days ago on May 03.

Valuation Metrics

Wells Fargo & Company (WFC) has a trailing price-to-earnings (P/E) ratio of 10.74. The stock’s beta is 1.18. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.37, the price-to-book (PB) ratio at 1.00, and the price-to-cash flow ratio at 7.53.

The company has a payout ratio of 25.80%. The company’s most recent quarterly dividend payment was $0.30 a share, without any change from last year. Its latest increase dividend $0.05 reported on Tuesday July 26 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 1.00 and a total debt to equity ratio of 1.00 for the quarter ending September 29. Its gross profit as reported stood at $35.78 billion compared to revenue of $39.69 billion.

Earnings Surprise

For the three-month period that ended September 29, Wells Fargo & Company had $156.41 billion in total debt. The analyst consensus anticipated Wells Fargo & Company’s latest quarter earnings to come in at $1.09 per share, but it turned out to be $0.85, a -22.00% surprise. At the end of the quarter ending September 29, Wells Fargo & Company’s stock balance sheet showed total debt was $232.62 billion. Shareholders own equity worth $3.81 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Wells Fargo & Company (WFC) price momentum. RSI 9-day as of the close on 29 December was 37.13%, suggesting the stock is Neutral, with historical volatility in this time frame at 15.65%.

As of today, WFC’s price is $41.03 +0.51% or $0.21 from its 5-day moving average. WFC is currently trading -13.81% lower than its 20-day SMA and -4.31% lower than its 100-day SMA. However, the stock’s current price level is -7.48% below the SMA50 and -17.52% below the SMA200.

The stochastic %K and %D were 28.16% and 25.86%, respectively, and the average true range (ATR) was 0.86. With the 14-day stochastic at 32.27% and the average true range at 0.95, the RSI (14) stands at 36.65%. The stock has reached 0.02 on the 9-day MACD Oscillator while the 14-day reading was at -0.39.

Analyst Ratings

Goldman upgraded Wells Fargo & Company (NYSE: WFC) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral.


Please enter your comment!
Please enter your name here