BANK OF AMERICA

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	BAC
ISIN:

BANK OF AMERICA - Daily - Technical analysis published on 02/09/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 48.37 USD

My targets

53.76 USD (+8.87%)

54.90 USD (+11.18%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BANK OF AMERICA as long as the price remains well above 48.37 USD. The buyers' bullish objective is set at 53.76 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 54.90 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Rom_bitc. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BANK OF AMERICA price is 49.38 USD. On the day, this instrument gained +1.79% with the lowest point at 48.94 USD and the highest point at 50.02 USD. The deviation from the price is +0.90% for the low point and -1.28% for the high point.

48.94

50.02

49.38

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this BANK OF AMERICA chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	39.11	43.21	48.37	49.38	54.90
Change (%)	-20.80%	-12.49%	-2.05%	-	+11.18%
Change	-10.27	-6.17	-1.01	-	+5.52
Level	Minor	Major	Major	-	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	47.79	48.37	48.87	49.45	49.95	50.53	51.03
Camarilla	49.08	49.18	49.28	49.38	49.48	49.58	49.68
Woodie	47.76	48.35	48.84	49.43	49.92	50.51	51.00
Fibonacci	48.37	48.78	49.03	49.45	49.86	50.11	50.53

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	42.63	43.93	46.10	47.40	49.57	50.87	53.04
Camarilla	47.33	47.64	47.96	48.28	48.60	48.92	49.23
Woodie	43.08	44.15	46.55	47.62	50.02	51.09	53.49
Fibonacci	43.93	45.25	46.07	47.40	48.72	49.54	50.87

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	34.97	38.78	42.46	46.27	49.95	53.76	57.44
Camarilla	44.08	44.77	45.45	46.14	46.83	47.51	48.20
Woodie	34.91	38.75	42.40	46.24	49.89	53.73	57.38
Fibonacci	38.78	41.64	43.41	46.27	49.13	50.90	53.76

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	66.09
MACD (12,26,9):	0.5300
Directional Movement:	17.10
AROON (14):	78.57
DEMA (21):	47.54
Parabolic SAR (0,02-0,02-0,2):	43.73
Elder Ray (13):	2.25
Super Trend (3,10):	45.48
Zig ZAG (10):	49.38
VORTEX (21):	1.0100
Stochastique (14,3,5):	93.54
TEMA (21):	47.83
Williams %R (14):	-8.61
Chande Momentum Oscillator (20):	4.46
Repulse (5,40,3):	1.8400
ROCnROLL:	1
TRIX (15,9):	0.0800
Courbe Coppock:	2.49

MA7:	47.51
MA20:	46.89
MA50:	45.78
MA100:	45.44
MAexp7:	47.79
MAexp20:	46.94
MAexp50:	46.23
MAexp100:	45.12
Price / MA7:	+3.94%
Price / MA20:	+5.31%
Price / MA50:	+7.86%
Price / MA100:	+8.67%
Price / MAexp7:	+3.33%
Price / MAexp20:	+5.20%
Price / MAexp50:	+6.81%
Price / MAexp100:	+9.44%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on BANK OF AMERICA. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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