Wells Fargo & Co. WFC Stock Analysis

Wells Fargo & Co. stock trades under the ticker WFC & has shown recent bullishness that traders & investors should take a closer look into.

WFC stock closed at $50.20/share on Friday, 12/10/2021, with more momentum indicated in the near-term.

Wells Fargo & Co. WFC Stock’s Technicals Broken Down

Wells Fargo & Co. WFC Stock's Technical Performance Over The Last Year

WFC Stock Price: $50.20

10 Day Moving Average: $48.92

50 Day Moving Average: $49.38

200 Day Moving Average: $45.43

RSI: 53.25

MACD: -0.056

On Friday, WFC stock completed a bullish MACD crossover, while breaking out above their 50 Day Moving Average the day prior.

Their recent trading volumes have been about average for the year & with <1% between the 10 & 50 Day MA’s, there looks to be more momentum pushing them higher in the near-term.

The next level of resistance is at the $51.18 price level.

Wells Fargo & Co. WFC Stock As A Long-Term Investment

Investors may find WFC stock appealing in the long-term, with their appealing P/E(ttm) of 11.92 & a P/B of 1.19.

WFC stock saw 9% Quarterly Revenue Growth Y-o-Y, and moves relatively in-line with the market with a Beta of 1.31.

Their Balance Sheet also looks appealing, with Total Cash (mrq) of $479.73B & Total Debt (mrq) of $222.58B.

They also offer a safe dividend yield of 1%, with a low 11.88% Payout Ratio.

Wells Fargo & Co. WFC Stock As A Short-Term Trade Using Options

Short-term oriented traders can use options to take advantage of WFC’s current price momentum.

I am looking at the contracts with the 12/17 expiration date.

The $50 & 51 calls look interesting, both of which have higher open interest than the $49, which means that there is still bullish sentiment in general for WFC’s shareprice.

The $52 & $52.50 puts also look appealing, both with lower open interest than the calls mentioned above, confirming the bullish sentiment.

Tying It All Together

Overall, both traders & investors will find appealing attributes to WFC stock.

Investors will like WFC’s fundamentals, while traders will like their current momentum & liquidity within their options contracts.

Wells Fargo & Co. stock is worth taking a closer look at, regardless of your trading strategy.