Wells Fargo is due to release its quarterly earnings on Friday 14th of October. The stock is currently in a neutral stance.

Wells Fargo is due to release its quarterly earnings on Friday 14th of October, from a techincal aspect and looking at the chart its share price sits at $41.06. A weak report on Friday could see the stock slide towards the support level sitting at $40.13 with further support base resting at $39.24 (lower yellow trendline). A break below the $39.24 support may result in further decline towards the $36-$37 price level. On the upside, a postive report could lead to an uptrend with resitance sitting at $42.77 followed by further resitance at $43.65. A break above the $43.65 resitance might create some mid-term mometum and see the stock climb towards the $46 price level (upper yellow trendline). RSi is slightly negative as it reads 43 but MACD is neutral.