Technical Analysis for BAC - Bank of America Corporation

Grade Last Price % Change Price Change
C 35.34 1.35% 0.47
BAC closed up 1.35 percent on Thursday, January 26, 2023, on 68 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Stochastic Reached Overbought Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Up 5 Days in a Row Strength 0.00%
200 DMA Support Bullish 1.35%
Crossed Above 50 DMA Bullish 1.35%
Up 3 Days in a Row Strength 1.35%
Up 4 Days in a Row Strength 1.35%

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Possible NR7 about 19 hours ago
Rose Above Previous Day's High about 23 hours ago
Up 1% about 23 hours ago
Up 1% 2 days ago
Possible NR7 2 days ago

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Profile

Bank of America Corporation Description

Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, corporations, and governments in the United States and internationally. The company's Consumer & Business Banking segment offers traditional and money market savings accounts, CDs and IRAs, checking accounts, and investment accounts and products, as well as credit and debit cards; and lending related products and services, working capital management, and treasury solutions. This segment provides its products and services through operating 5,500 banking centers, 16,300 ATMs, call centers, and online and mobile banking platforms. Its Consumer Real Estate Services segment offers consumer real estate products comprising fixed and adjustable-rate first-lien mortgage loans for home purchase and refinancing needs, home equity lines of credit, and home equity loans. The company's Global Banking segment provides various commercial loans, leases, commitment facilities, trade finance, real estate and asset-based loans, and consumer loans; treasury management, foreign exchange, and short-term investing options; and debt and equity underwriting and distribution, and merger-related and other advisory services. Its Global Markets segment offers sales and trading services for securities and derivative products in primary and secondary markets; market-making, financing, securities clearing, settlement, and custody services to institutional investor clients; and risk management products. The company's Global Wealth & Investment Management segment provides investment and brokerage, estate and financial planning, fiduciary portfolio management, cash and liability management, and specialty asset management services; and retirement and benefit plan, philanthropic management, and asset management services. The company was founded in 1874 and is based in Charlotte, North Carolina.


Classification

Sector: Financial Services
Industry: Banks - Global
Keywords: S&P 500 Banking Bank Financial Products Investment Bank Mobile Banking Asset Management Services Portfolio Management Real Estate Services Refinancing Trade Finance Trading Services Bank Of America Custody Services Liability Management Working Capital Management Risk Management Products Consumer Real Estate Derivative Products Real Estate Products Capital Management Mobile Banking Platforms

Is BAC a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 50.11
52 Week Low 29.31
Average Volume 37,472,309
200-Day Moving Average 34.42
50-Day Moving Average 34.48
20-Day Moving Average 34.08
10-Day Moving Average 34.41
Average True Range 0.83
RSI 61.24
ADX 15.67
+DI 28.05
-DI 20.65
Chandelier Exit (Long, 3 ATRs) 32.91
Chandelier Exit (Short, 3 ATRs) 34.68
Upper Bollinger Bands 35.44
Lower Bollinger Band 32.73
Percent B (%b) 0.96
BandWidth 7.95
MACD Line 0.24
MACD Signal Line 0.08
MACD Histogram 0.158
Fundamentals Value
Market Cap 305.72 Billion
Num Shares 8.65 Billion
EPS 2.03
Price-to-Earnings (P/E) Ratio 17.41
Price-to-Sales 2.92
Price-to-Book 1.02
PEG Ratio 4.04
Dividend 0.72
Dividend Yield 2.04%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 36.18
Resistance 3 (R3) 36.09 35.72 36.04
Resistance 2 (R2) 35.72 35.51 35.77 35.99
Resistance 1 (R1) 35.53 35.37 35.63 35.62 35.95
Pivot Point 35.16 35.16 35.21 35.21 35.16
Support 1 (S1) 34.97 34.95 35.07 35.06 34.73
Support 2 (S2) 34.60 34.81 34.65 34.69
Support 3 (S3) 34.41 34.60 34.64
Support 4 (S4) 34.50