Londinia Opportunities Analyses - 12/02/2021 (GMT) WELLS FARGO + CO.DL 1.666 - 1H

- EUR (-)

- 15 min delayed data - Germany Stocks

Type:	Stocks
Ticker:	NWT
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

Europe Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

67%

22%

My opinion

Bearish under 42.840 EUR

My targets

40.123 EUR (-4.18%)

39.373 EUR (-5.97%)

My analysis

WELLS FARGO + CO.DL 1.666 is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 42.840 EUR. The next support located at 40.123 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 39.373 EUR. Below this support, sellers could then target 37.050 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.9

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

WELLS FARGO + CO.DL 1.666 rating 41.875 EUR. On the day, this instrument lost -3.78% with the lowest point at 41.875 EUR and the highest point at 42.625 EUR. The deviation from the price is 0% for the low point and -1.76% for the high point.

41.875

42.625

41.875

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this WELLS FARGO + CO.DL 1.666 chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 12 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	32.384	37.050	39.373	41.875	41.925	42.840	43.369
Change (%)	-22.67%	-11.52%	-5.97%	-	+0.12%	+2.30%	+3.57%
Change	-9.491	-4.825	-2.502	-	+0.050	+0.965	+1.494
Level	Minor	Intermediate	Major	-	Intermediate	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	41.970	42.310	42.915	43.255	43.860	44.200	44.805
Camarilla	43.260	43.347	43.433	43.520	43.607	43.693	43.780
Woodie	42.103	42.376	43.048	43.321	43.993	44.266	44.938
Fibonacci	42.310	42.671	42.894	43.255	43.616	43.839	44.200

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37.647	40.123	41.362	43.838	45.077	47.553	48.792
Camarilla	41.578	41.919	42.260	42.600	42.941	43.281	43.622
Woodie	37.028	39.814	40.743	43.529	44.458	47.244	48.173
Fibonacci	40.123	41.543	42.419	43.838	45.258	46.134	47.553

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	36.312	39.118	40.702	43.508	45.092	47.898	49.482
Camarilla	41.078	41.480	41.883	42.285	42.687	43.090	43.492
Woodie	35.700	38.813	40.090	43.203	44.480	47.593	48.870
Fibonacci	39.118	40.795	41.831	43.508	45.185	46.221	47.898

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	35.81
MACD (12,26,9):	-0.2700
Directional Movement:	-21.231
AROON (14):	-35.714
DEMA (21):	42.343
Parabolic SAR (0,02-0,02-0,2):	43.482
Elder Ray (13):	-0.582
Super Trend (3,10):	43.027
Zig ZAG (10):	41.875
VORTEX (21):	0.9770
Stochastique (14,3,5):	7.71
TEMA (21):	42.391
Williams %R (14):	-100.00
Chande Momentum Oscillator (20):	-1.100
Repulse (5,40,3):	-0.5320
ROCnROLL:	2
TRIX (15,9):	-0.0740
Courbe Coppock:	0.16

MA7:	43.542
MA20:	43.953
MA50:	42.761
MA100:	41.099
MAexp7:	42.394
MAexp20:	42.708
MAexp50:	43.248
MAexp100:	43.630
Price / MA7:	-3.83%
Price / MA20:	-4.73%
Price / MA50:	-2.07%
Price / MA100:	+1.89%
Price / MAexp7:	-1.22%
Price / MAexp20:	-1.95%
Price / MAexp50:	-3.17%
Price / MAexp100:	-4.02%

Quotes : - 15 min delayed data - Actions Allemagne

News

The last news published on WELLS FARGO + CO.DL 1.666 at the time of the generation of this analysis was as follows: