The underlying trend is clearly bearish for stocks in Wells Fargo & Company. This should continue to be the case over the coming trading sessions. Investors should open a short trade and target the $ 18.
The share is getting closer to its long-term support in weekly data, at USD 23.36, which offers good timing for buyers.
Share prices are approaching a strong support area in daily data, which offers good timing for investors.
This company will be of major interest to investors in search of a high dividend stock.
As estimated by analysts, this group is among those businesses with the lowest growth prospects.
Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.
The group usually releases earnings worse than estimated.
With an expected P/E ratio at 3091.02 and 11.51 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.
For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
For the past seven days, analysts have been lowering their EPS expectations for the company.
For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.
For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.
The underlying tendency is negative on the weekly chart below the resistance at 34.88 USD
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