BANK OF AMERICA CORP (BAC)
US0605051046 - Common Stock
We assign a technical rating of 8 out of 10 to BAC. In the last year, BAC was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month BAC has a been trading in the 43.31 - 48.08 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, BAC did better than 83% of all other stocks. We also observe that the gains produced by BAC over the past year are nicely spread over this period.
BAC is one of the better performing stocks in the Banks industry, it outperforms 83% of 406 stocks in the same industry.
BAC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BAC is performing more or less in line with the market.
BAC has an average volume of 35458900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Although BAC has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
36.51
48.26
We found 5 important support areas.
- A support zone ranging from 43.37 to 43.51. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @41.41 from a trend line in the weekly time frame.
- Support @39.14 from a trend line in the daily time frame.
- Support @37.57 from a horizontal line in the weekly time frame.
- Support @36.88 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 47.52 to 47.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.9
Mansfield0.24
10 Day High47.06
10 Day Low43.31
20 Day High48.08
20 Day Low43.31
52 Week High48.08
52 Week Low31.27
Performance
1 Week-5.86%
2 Weeks-7.7%
1 Month-5.82%
3 Month7.72%
6 Month9.85%
12 Month29.76%
2 Year30.98%
3 Year-2.49%
5 Year23.17%
10 Year142.48%
15 Year188.05%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.52
RSI(14)32.46
LBB43.56
UBB48
BANK OF AMERICA CORP
NYSE:BAC (12/20/2024, 10:26:09 AM)
43.79
+0.41 (+0.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.95%
1 Week-5.86%
2 Weeks-7.7%
1 Month-5.82%
3 Month7.72%
6 Month9.85%
12 Month29.76%
2 Year30.98%
3 Year-2.49%
5 Year23.17%
10 Year142.48%
15 Year188.05%
Volatility
ATR(14)0.87
ATR(20)%1.89%
ATR Inc131.7%
Range Today0.65
ADR(20)0.78
ADR(20)%1.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.9
Mansfield0.24
10 Day High47.06
10 Day Low43.31
20 Day High48.08
20 Day Low43.31
52 Week High48.08
52 Week Low31.27
CS1 End43.37
CR1 Start43.51
Volume & EV
DER(3)-1.71%
DER(5)-0.23%
Volume9.47M
Volume Incr5.46%
Vol(5)34.73M
Vol(50)35.46M