Wells Fargo - Weekly - Techncials only

Wells Fargo & Company is an American financial services banking company with corporate headquarters across the United States and overseas. The bank is the 3 largest bank in the USA and holds around $1.77tr in assets.

Q1 Earnings are due Wednesday 13th April 2021.

From a technical aspect, Wells Fargo looks positive. RSI is overbought at 70.9 however it holds a sold trendline dating back to the covid lows. MACD is positive, though losing momentum. Initial support sits below at $38.89 followed by $36 and then $34.62. Unless this level is broken, Well Fargo looks to resume its upward trend with initial resistance/targets at $41.53 followed by $43.50 and then the pre-covid level of $46.47.