The Hourly View for WF
At the time of this writing, WF (Get Ratings)’s price is up $0.4 (1.37%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Out of Banking stocks, WF ranks 225th in regards to today’s price percentage change.
WF’s Technical Outlook on the Daily Chart
Currently, WF’s price is up $0.18 (0.61%) from the day prior. This move is a reversal from the day prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Woori Financial Group Inc’s price action over the past 90 days can be seen via the chart below.
WF: Daily RSI Analysis
For WF News Traders
Investors and traders in WF may be particularly interested in the following story that came out in the past day:
Woori Bank, a banking institution based in South Korea, has entered the DACS (cryptocurrency custody services) sector. Woori Financial Group will begin offering cryptocurrency custody services to its clients. It is one of the largest financial institutions in South Korea. Woori Bank, the financial institutions banking unit, will begin this initiative in collaboration with a  The post Major Korean Bank offers Cryptocurrency Custody Services appeared first on BOL News .
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