Wells Fargo & Company (WFC)
Wells Fargo & Company is a leading American multinational financial services firm headquartered in San Francisco, California. With a diverse range of offerings including banking, investment, mortgage, and consumer and commercial finance, Wells Fargo operates across a vast network of locations in the United States and globally. The company is committed to providing innovative financial solutions while maintaining a focus on customer-centric services and responsible banking practices, positioning itself as a key player in the financial industry.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 40.54% per annum.
- WFC price at the close of March 6, 2026 was $80.42 and was lower than the bottom border of the primary price channel by $3.85 (4.56%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 24.47% per annum.
- WFC price at the close of March 6, 2026 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of WFC price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: March 9, 2023
End date: February 20, 2026
a = 2.8778
b = 0.0009
s = 0.0717
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 40.54%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0717) – 1
= 33.22%
March 9, 2023 calculations
Top border of price channel:
Exp(Y504)
= Exp(a + b × X504 + 2 × s)
= Exp(a + b × 730 + 2 × s)
= Exp(2.8778 + 0.0009 × 730 + 2 × 0.0717)
= Exp(3.7018)
= $40.52
Bottom border of price channel:
Exp(Y504)
= Exp(a + b × X504 – 2 × s)
= Exp(a + b × 730 – 2 × s)
= Exp(2.8778 + 0.0009 × 730 – 2 × 0.0717)
= Exp(3.4149)
= $30.42
February 20, 2026 calculations
Top border of price channel:
Exp(Y1,244)
= Exp(a + b × X1,244 + 2 × s)
= Exp(a + b × 1,809 + 2 × s)
= Exp(2.8778 + 0.0009 × 1,809 + 2 × 0.0717)
= Exp(4.7078)
= $110.81
Bottom border of price channel:
Exp(Y1,244)
= Exp(a + b × X1,244 – 2 × s)
= Exp(a + b × 1,809 – 2 × s)
= Exp(2.8778 + 0.0009 × 1,809 – 2 × 0.0717)
= Exp(4.4209)
= $83.17
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 40.54% per annum.
- WFC price at the close of March 6, 2026 was $80.42 and was lower than the bottom border of the primary price channel by $3.85 (4.56%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: November 6, 2024
End date: March 6, 2026
a = 3.4085
b = 0.0006
s = 0.0585
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 24.47%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0585) – 1
= 26.38%
November 6, 2024 calculations
Top border of price channel:
Exp(Y923)
= Exp(a + b × X923 + 2 × s)
= Exp(a + b × 1,338 + 2 × s)
= Exp(3.4085 + 0.0006 × 1,338 + 2 × 0.0585)
= Exp(4.3279)
= $75.78
Bottom border of price channel:
Exp(Y923)
= Exp(a + b × X923 – 2 × s)
= Exp(a + b × 1,338 – 2 × s)
= Exp(3.4085 + 0.0006 × 1,338 – 2 × 0.0585)
= Exp(4.0938)
= $59.96
March 6, 2026 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(3.4085 + 0.0006 × 1,823 + 2 × 0.0585)
= Exp(4.6187)
= $101.36
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(3.4085 + 0.0006 × 1,823 – 2 × 0.0585)
= Exp(4.3846)
= $80.20
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 24.47% per annum.
- WFC price at the close of March 6, 2026 was inside the secondary price channel.