BANK OF AMERICA CORP - BAC 5 3/8 PERP (BAC-M) Stock Technical Analysis
NYSE:BAC-M - New York Stock Exchange, Inc. - US06053U6010 - Currency: USD
We assign a technical rating of 3 out of 10 to BAC-M. In the past year, BAC-M was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, BAC-M does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 22.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.08, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BAC-M 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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20.52
3 important support areas can be observed.
- A support zone ranging from 21.71 to 22.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.31 from a horizontal line in the daily time frame.
- A support zone ranging from 20.73 to 20.95. 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 22.21 to 22.39. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for BAC-M is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BAC-M is up. |
| ChartMill Relative Strength | 27.42 | NEGATIVE | BAC-M has a low relative strength, it was outperformed by 72.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BAC-M is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BAC-M is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BAC-M is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.09 | NEUTRAL | The RSI value for BAC-M is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BAC-M has a positive trend. |
| Stochastics (14,3) | 52.78 | NEUTRAL | The Stochastics value for BAC-M is a neutral value. |
| Average True Range in percent/ATR (20) | 0.98 | LOW VOLATILITY | The low ATR as a percentage value for BAC-M suggests low volalility. |
| Average Directional Index/ADX (14) | 26.25 | POSITIVE | The high ADX value value for BAC-M suggests a strong trend. |
BANK OF AMERICA CORP - BAC 5 3/8 PERP
NYSE:BAC-M (8/7/2025, 10:36:19 AM)
22.1
-0.07 (-0.32%)