Wells Fargo may rise to 62.80 - 64.70

Our pivot point stands at 53.5.

Our preference

The upside prevails as long as 53.5 is support.

Alternative scenario

Below 53.5, expect 50.4 and 48.5.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 54.778 and 55.395).

Supports and resistances

66.6 **

64.7 *

62.8 **

60.9

56.96 (USD-last)

54.7

53.5 **

50.4 *

48.5 **

Number of asterisks represents the strength of support and resistance levels.