Wells Fargo may rise to 61.40 - 62.40

Our pivot point is at 56.1.

Our preference

Short term rebound towards 61.4.

Alternative scenario

Below 56.1, expect 54.4 and 53.4.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 58.572 and 59.4142).

Supports and resistances

63.4 **

62.4 *

61.4 **

60.4

58.1 (USD-last)

56.7

56.1 **

54.4 *

53.4 **

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