Buy signal in its 11th week, stop past breakeven
Wells Fargo stock drops 5.6%, yet the weekly structure holds
Our view last week
Wells Fargo stock returns to a level it already reached in the 88 area, but this time no session turns it away: in this week's technical analysis the move stays in force, closing the week up 1.8%. The stock holds above its 50-week average by 7.65%, with all four structural moving averages aligned — even as volume contracts and the last two rejection bars come back mixed. The buy signal is in its 10th week, running an 8.4% gain, with the stop now at breakeven.
This week's summary
Wells Fargo stock closes the week down 5.6%, the first pullback after three weeks higher: sellers are firmly dominant in the final session, and money flow flips negative after seven straight weeks above zero. In this week's technical analysis the structure still holds — three of the four moving averages remain aligned — while the buy signal, in its 11th week, is still up 2.3%, with the stop now past breakeven.
IQS Phase
52
ordinary
Signal Strength
59
medium
Sizing
STANDARD
Ranking
#64 / 167
US stocks in progress
Trade P&L %
+2.32%
from signal to date, no stop loss
Rank position
ranks 64th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 59 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimein positive regime
Performanceweekly -1.17% · monthly +2.55%
WFC belongs to the financials sector (reference ETF XLF). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content