Wells Fargo remains under pressure despite strong credit card growth and earnings beat for Q4

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Wells Fargo slips 0.11% this week

Highlights

Wells Fargo is trading at $87.30, below its MA-20 ($89.84) and MA-50 ($91.54) but above MA-200 ($83.39), indicating short- and medium-term bearish pressure with long-term support intact.
Technical momentum remains weak as the MACD signals a sell, RSI stands at 42.56, Stochastic RSI is oversold at 20.57, and intraday oscillators confirm seller dominance.
The weekly price corridor is seen at $85.00 to $89.00, with resistance at $90.56 and key support at $83.39; probability of near-term price increase is below 20%.

Mixed sentiment as earnings beat but revenue lags forecasts

Wells Fargo reported its fourth-quarter 2025 earnings on January 14, 2026, with earnings per share of $1.76 exceeding analyst estimates and revenue totaling $21.29 billion, which was below expectations. The Consumer, Small & Business Banking segment saw a 9% revenue increase to $6.59 billion, while Credit Card revenue rose 7% to $1.38 billion. The company announced its next quarterly report will be released on October 13, 2026, and declared a common stock dividend payable on January 27, 2026.

Bearish momentum over the week as indicators reinforce weak trend

On the weekly chart, WFC continues to show weakness, with price trading below both its MA-20 ($89.84) and MA-50 ($91.54), reinforcing the bearish short- and medium-term bias. Dynamic support is established at the weekly MA-200 around $83.39, while the nearest resistance aligns with the Ichimoku Kijun near $90.56. Weekly RSI sits at 42.56, indicating bearish momentum, complemented by negative readings on the CCI and a weak ADX value around 15.75, all pointing to a lack of bullish conviction and subdued trend strength on the W1 timeframe.

Sideways movement with bearish bias expected in the coming week

For the upcoming week, WFC is expected to trade within a range of $85.00 to $89.00, mirroring typical large-cap weekly volatility. Weekly technical indicators suggest a high probability of continued sideways movement with a potential bearish tilt, as the odds of a short-term price increase remain low at under 20%. A bullish scenario would require a break above resistance at $90.56, while a drop through the $85.00 – $83.39 support zone would likely confirm renewed downside momentum.

Jainam Mehta, market strategist, sees Wells Fargo’s weekly close below key moving averages as evidence of ongoing bearish momentum, despite the stock still holding above its long-term MA-200 support. The analyst notes that earnings delivered a positive EPS surprise, but softer revenue and muted technicals keep sentiment constrained. With weak signals from momentum and oscillators, Mehta expects price to stay rangebound between $85.00 and $89.00 this week, with bears lingering unless a resistance break shifts the tone. "I am watching the dynamic at $90.56 for signs of real change, but absent a breakout, sideways or lower looks most probable for the week ahead."

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Source of Data: WFC Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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