Wells Fargo, week 5: soft momentum, earnings due
Wells Fargo gains 1.9% as volume fades, earnings due July 14th
Wells Fargo, week 5: soft momentum, earnings due
Our view last week
Wells Fargo is in week 4 of a buy signal, up 4.36% since entry. The stop has already moved to breakeven, zeroing out the trade's risk. The weekly structure remains solid, with all moving averages aligned, but signal strength has eased to 55 out of 100 and the stock ranks 59th among the 125 open buys in US stocks. Earnings are due in 2 weeks.
This week's summary
Wells Fargo is up 1.9% this week, but underneath the push is thin: volume is contracting, daily money flow stays slightly negative, and price is boxed between the pivot-point resistance in the 87.2 area and the matching support in the 85.4 area. The buy signal is in its 5th week, the trade is up 6.37%, and the stop is already at breakeven — earnings land July 14th, this very week.
IQS Phase
77
in tension
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#82 / 129
US stocks in progress
Trade P&L %
+6.37%
from signal to today
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