BANK OF AMERICA

- USD (-)

- 15 min delayed data - NYSE Stocks

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Change:	-
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Type:	Stocks
Ticker:	BAC
ISIN:

BANK OF AMERICA - 1H - Technical analysis published on 10/11/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 41.04 USD

My targets

43.84 USD (+4.31%)

46.27 USD (+10.09%)

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 41.04 USD. The buyers' bullish objective is set at 43.84 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 46.27 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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BANK OF AMERICA price is 42.03 USD. The price registered an increase of +5.15% on the session and was traded between 40.40 USD and 42.10 USD over the period. The price is currently at +4.03% from its lowest and -0.17% from its highest.

40.40

42.10

42.03

Here is a more detailed summary of the historical variations registered by BANK OF AMERICA:

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

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this BANK OF AMERICA chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	40.35	40.68	41.04	42.03	43.84	46.27
Change (%)	-4.00%	-3.21%	-2.36%	-	+4.31%	+10.09%
Change	-1.68	-1.35	-0.99	-	+1.81	+4.24
Level	Major	Minor	Intermediate	-	Intermediate	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	39.42	39.60	39.78	39.96	40.14	40.32	40.50
Camarilla	39.87	39.90	39.94	39.97	40.00	40.04	40.07
Woodie	39.43	39.60	39.79	39.96	40.15	40.32	40.51
Fibonacci	39.60	39.73	39.82	39.96	40.09	40.18	40.32

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37.61	38.16	39.14	39.69	40.67	41.22	42.20
Camarilla	39.69	39.83	39.97	40.11	40.25	40.39	40.53
Woodie	37.82	38.27	39.35	39.80	40.88	41.33	42.41
Fibonacci	38.16	38.75	39.11	39.69	40.28	40.64	41.22

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	35.08	36.55	38.11	39.58	41.14	42.61	44.17
Camarilla	38.85	39.13	39.40	39.68	39.96	40.24	40.51
Woodie	35.14	36.57	38.17	39.60	41.20	42.63	44.23
Fibonacci	36.55	37.70	38.42	39.58	40.73	41.45	42.61

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	78.60
MACD (12,26,9):	0.3900
Directional Movement:	35.41
AROON (14):	35.71
DEMA (21):	40.93
Parabolic SAR (0,02-0,02-0,2):	39.86
Elder Ray (13):	1.25
Super Trend (3,10):	40.86
Zig ZAG (10):	42.08
VORTEX (21):	1.2200
Stochastique (14,3,5):	95.91
TEMA (21):	41.19
Williams %R (14):	-1.07
Chande Momentum Oscillator (20):	1.83
Repulse (5,40,3):	2.6900
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	4.12

MA7:	40.21
MA20:	39.83
MA50:	39.22
MA100:	39.70
MAexp7:	41.13
MAexp20:	40.50
MAexp50:	40.10
MAexp100:	39.87
Price / MA7:	+4.53%
Price / MA20:	+5.52%
Price / MA50:	+7.16%
Price / MA100:	+5.87%
Price / MAexp7:	+2.19%
Price / MAexp20:	+3.78%
Price / MAexp50:	+4.81%
Price / MAexp100:	+5.42%

Quotes : - 15 min delayed data - NYSE Stocks

News

The last news published on BANK OF AMERICA at the time of the generation of this analysis was as follows:

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

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