WFC: Cup with Handle — Cautious (Stage 3 (Topping))

Posted on by Eben@CANSLIM Research
WFC daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY, Stage 3 (Topping), as of October 08, 2026 at 00:07 — CANSLIM Research
Eben@CANSLIM Research's avatarEben@CANSLIM Research

WFC is currently in Stage 3 (Topping) with a Cup with Handle (23.0% deep, 38 weeks). Overall technical read: Cautious.

Technical Analysis

As of 2026-10-07 · Close $80.2

Stage Analysis

Stage 3 (Topping) — Price churning around the 30-week MA — topping consolidation (30-week MA 6-week slope: 0.53%)

Detected Patterns — What the Market Is Watching

  • Cup with Handle — depth 23.0%, length 38 weeks, pivot $90.29. Base formed from 2026-01-06 (left-side high) to 2026-09-11, with the low of $73.0 set on 2026-05-15
  • Handle: formed from 2026-09-11 (high $90.29) to 2026-09-30 (low $80.05) — a 11.3% pullback

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