Wells Fargo Company (WFC) stock price recorded a pullback in its latest intraday trading, as the stock attempts to take profits from its previous gains while seeking to rebuild positive momentum for another advance. The RSI has started to show a negative crossover after reaching overbought levels, while the price is currently leaning on support from its SMA50. The broader setup remains under the dominance of the main medium-term upward trend, with price action moving along a supportive trend line.

Therefore we expect the stock price to rise in upcoming trading, as long as it remains above the $90.75 level, to target the key resistance at $97.75.

Todays price forecast: Bullish