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WFC stock price slumped nearly 3.06% intraday on Monday, October 2nd.
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WFC stock price slipped below the key exponential moving average of 50-day.
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The analysts offering a 1-year price forecast for WFC share price estimate a maximum potential of 64.10% to the upside.
Wells Fargo & Company (NYSE: WFC) stock price slumped nearly 3% intraday on Monday. Monday’s fall witnessed the breakdown of the immediate support level at $40 showing signs of weakness. The overall chaos in the global economy might be one of the factors behind the price decline.
The daily chart illustrates that the stock price bottomed out in the 1st week of May 2023 soon after the dividends and made a bullish rally that lasted till the end of July 2023. The stock price made a surge of almost 25% in the timespan.
Recently, the stock price slipped below the 200-day EMA after a selloff from the upper levels. Moreover, the WFC stock price made a failed attempt t
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