Wells Mutual Fund Technical Analysis

WFGWX -  USA Fund  

USD 49.30  0.16  0.32%

As of the 27th of October, Wells Fargo maintains the Market Risk Adjusted Performance of 0.0459, mean deviation of 0.3638, and Downside Deviation of 0.6248. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Wells Fargo Growth, as well as the relationship between them. Specifically, you can use this information to find out if the fund will indeed mirror its model of past data patterns, or the prices will eventually revert. We are able to interpolate and break down nineteen technical drivers for Wells Fargo Growth, which can be compared to its rivals. Please check out Wells Fargo Growth standard deviation, value at risk, as well as the relationship between the Value At Risk and kurtosis to decide if Wells Fargo Growth is priced fairly, providing market reflects its latest price of 49.3 per share.

Wells Technical Analysis 

 
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Wells Fargo technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Wells Fargo technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Wells Fargo trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Wells Fargo Growth Technical Analysis

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The output start index for this execution was fifty with a total number of output elements of eleven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Wells Fargo Growth volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

Wells Fargo Growth Trend Analysis

Use this graph to draw trend lines for Wells Fargo Growth. You can use it to identify possible trend reversals for Wells Fargo as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Wells Fargo price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Wells Fargo Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Wells Fargo Growth applied against its price change over selected period. The best fit line has a slop of   -0.0047  , which may suggest that Wells Fargo Growth market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.85, which is the sum of squared deviations for the predicted Wells Fargo price change compared to its average price change.

About Wells Fargo Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Wells Fargo Growth on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Wells Fargo Growth based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Wells Fargo Growth stock first instead of the macroeconomic environment surrounding Wells Fargo Growth. By analyzing Wells Fargo's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Wells Fargo's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Wells Fargo specific price patterns or momentum indicators. Please read more on our technical analysis page.

Wells Fargo October 27, 2021 Technical Indicators

Most technical analysis of Wells help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Wells from various momentum indicators to cycle indicators. When you analyze Wells charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Wells Fargo Growth One Year Return

Based on the recorded statements, Wells Fargo Growth has an One Year Return of 4.52%. This indicator is about the same for the Wells Fargo Funds average (which is currently at 4.48) family and significantly higher than that of the Allocation--50% to 70% Equity category. The one year return for all United States funds is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.

Wells Fargo October 27, 2021 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Wells stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Check out Your Current Watchlist. Note that the Wells Fargo Growth information on this page should be used as a complementary analysis to other Wells Fargo's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

Complementary Tools for Wells Mutual Fund analysis

When running Wells Fargo Growth price analysis, check to measure Wells Fargo's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Wells Fargo is operating at the current time. Most of Wells Fargo's value examination focuses on studying past and present price action to predict the probability of Wells Fargo's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Wells Fargo's price. Additionally, you may evaluate how the addition of Wells Fargo to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Wells Fargo's value and its price as these two are different measures arrived at by different means. Investors typically determine Wells Fargo value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wells Fargo's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.