How Verified Investing’s view on $WFC changed

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2026-10-01

“Yields Hit Banks as Head & Shoulders Patterns Trigger”

WFC offers a near-term technical bounce opportunity, but weakening trend line support increases risk of further downside.

All right, next up and lastly into WFC. Now, the U financials were under stress today, guys. and they've been under stress as you can see here for the last about week to two weeks of trading action with the rates continuing to push higher up on the charts.

Now, what WFC did today, excuse me, is they pierced a long-term inclining trend line. Now, check out the RSI on this chart. It's down at 32.58. So, we're getting on the warning track just for a pure technical bounce on the charts.

A bounce of a technical nature with optimistic point of view could take us all the way up here to 8354. the bottom range of this previous consolidation. So, it's a great start for now.

Watch the source17:35

2026-09-22

“Nasdaq Hits All-Time High as AI Hardware Surge Drives Tech”

WFC is expected to bounce from its upward support trend line; however, a weekly close below recent support levels increases the risk of a drop to $80.12.

Next is Wells Fargo Bank. A very similar situation, guys. Today is a bearish day , down by approximately 4%, but we are starting here on the weekly timeframe.

Just like JPM , Wells Fargo has a very good upward support trend line that should hold the price and allow it to bounce back. If it continues to move straight down, like JPM, look at where the price is and where it closed today: below these lower pivots that occurred here during August and July as well as in June.

Watch the source19:23