BANK OF AMERICA CORP - BAC 6 PERP (BAC-B) Stock Technical Analysis
NYSE:BAC-B - US0605052291
25.52 USD
+0.13 (+0.51%)
25.52 USD
0 (0%)
Overall BAC-B gets a technical rating of 7 out of 10. Although BAC-B is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
BAC-B is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When comparing the performance of all stocks over the past year, BAC-B turns out to be only a medium performer in the overall market: it outperformed 43% of all stocks.
In the last month BAC-B has a been trading in a tight range between 25.01 and 25.54.
Considerably lower volume is observed in the last couple of days.
Although BAC-B has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
23.91
25.85
2 important support areas can be observed.
- A support zone ranging from 25.01 to 25.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 24.15 to 24.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 25.53 to 25.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BAC-B is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BAC-B is up. |
| ChartMill Relative Strength | 43.07 | NEUTRAL | BAC-B is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BAC-B is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BAC-B is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BAC-B is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.24 | OVERBOUGHT | The high RSI value suggests BAC-B may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BAC-B has a positive trend. |
| Stochastics (14,3) | 88.24 | OVERBOUGHT | The high Stochastics value suggests BAC-B may be overbought. |
| Average True Range in percent/ATR (20) | 0.36 | LOW VOLATILITY | The low ATR as a percentage value for BAC-B suggests low volalility. |
| Average Directional Index/ADX (14) | 21.69 | NEUTRAL | The ADX value for BAC-B suggests a possible start of a new trend. |
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)
25.52
+0.13 (+0.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.51%
1 Week0.99%
2 Weeks1.03%
1 Month2.02%
3 Month4.46%
6 Month2%
12 Month1.35%
2 Year6.02%
3 Year6.78%
5 Year-6.55%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%0.36%
ATR Inc39.53%
Range Today0.12
ADR(20)0.09
ADR(20)%0.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.07
Mansfield-0.7
10 Day High25.54
10 Day Low25.17
20 Day High25.54
20 Day Low25.01
52 Week High25.63
52 Week Low24.04
CS1 End25.38
CR1 Start25.53
Volume & EV
DER(3)0.93%
DER(5)0.01%
Volume71.90K
Volume Incr-30.65%
Vol(5)61.20K
Vol(50)94.31K