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BAC - Bank of America Corporation

Industry: Money Center Banks Sector: Financial Exchange: NYSE

BAC - Bank of America Corporation

Industry: Money Center Banks Sector: Financial Exchange: NYSE

Fri 16'th Feb 2018

PERIOD 2017-11-17 - 2018-02-16
CHANGE -0.75%
PRICE $31.97






Bank of America Corporation Stock Analysis

Technical stock analysis for Fri 16'th Feb 2018

Shorts 1.96% ( 2018-01-31 )
Cash n/a
Loans 1 047 377.0 mill
Beta 1.37
ROA 0.73
Buy candidate since 2018-02-15 Loss -0.75%

Bank of America Corporation fell by -0.75% in the last day from $32.21 to $31.97 The price has risen in 7 of the last 10 days and is up by 0.06% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -6.28 million shares and in total 61.81 million shares bought and sold for approximately $1 975.93 million.

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Bank of America Corporation lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 17.83% during the next 3 months and, with 90% probability hold a price between $35.63 and $39.37 at the end of this period.

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Bank of America Corporation holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $31.22 and $31.14. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday February 15, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSI14 is 48 and the stock is currently not being overbought or oversold

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Support & Resistance

Bank of America Corporation finds support from accumulated volume at $31.20. On the upside the stock meets some resistance just above today's level from accumulated volume at $32.00, $32.09 and $32.21.

The stock is about to test the resistance from accumulated volume at $32.00 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $31.20 Price: $31.97 Resistance: $32.00


This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.34 (1.07%) between high and low. For the last week, the stock has had a daily average volatility of 2.22%.

Our recommended stoploss: $30.50 (-4.59%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High


Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

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