Wells Fargo Company (WFC) stock jumped higher in its latest intraday trading, accompanied by a noticeable increase in trading volumes. The move allowed the stock to overcome the negative pressure of the previous 50-day SMA, while the main medium-term trend remains bullish, supported by trading along an upward sloping line on the short-term chart. In addition, we notice the start of positive signals appearing from the relative strength indicators after reaching extremely oversold levels.

Therefore, we expect the stock to rise in its upcoming trading sessions as long as it remains above the pivotal support level of 81.58$, targeting the resistance level of 95.80$.

Todays stock forecast: Bullish.