BANK OF AMERICA CORP - BAC 6 PERP (BAC-B) Stock Technical Analysis
NYSE:BAC-B - New York Stock Exchange, Inc. - US0605052291 - Currency: USD
Taking everything into account, BAC-B scores 0 out of 10 in our technical rating. BAC-B scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
BAC-B has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 24.16, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BAC-B in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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23.91
We found 1 important support area.
- A support zone ranging from 24.15 to 24.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 24.25 to 24.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 25.08 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 | DOWN | NEGATIVE | The long term trend for BAC-B is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BAC-B is down. |
| ChartMill Relative Strength | 36.22 | NEUTRAL | BAC-B is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BAC-B is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BAC-B is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BAC-B is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.48 | NEUTRAL | The RSI value for BAC-B is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BAC-B has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.66 | NEUTRAL | The Stochastics value for BAC-B is a neutral value. |
| Average True Range in percent/ATR (20) | 0.65 | LOW VOLATILITY | The low ATR as a percentage value for BAC-B suggests low volalility. |
| Average Directional Index/ADX (14) | 24.84 | NEUTRAL | The ADX value for BAC-B suggests a possible start of a new trend. |
BANK OF AMERICA CORP - BAC 6 PERP
NYSE:BAC-B (6/2/2025, 4:10:03 PM)
24.21
+0.06 (+0.25%)