BANK OF AMERICA CORP - BAC 5.24155 PERP (BML-H) Stock Technical Analysis
NYSE:BML-H - New York Stock Exchange, Inc. - US0605056250 - Currency: USD
Overall BML-H gets a technical rating of 0 out of 10. BML-H's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
81% of all other stocks performed better in the past year than BML-H.
BML-H is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: BML-H has an average volume of 26740 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month BML-H has a been trading in a tight range between 19.73 and 20.64.
Although the technical rating is bad, BML-H does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 20.02, a Stop Loss order could be placed below this zone.
More info and screens
19.65
23.42
We found 1 important support area.
- A support zone ranging from 19.85 to 20.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- Resistance @21.30 from a trend line in the daily time frame.
- A resistance zone ranging from 22.60 to 23.19. 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 BML-H is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BML-H is down. |
| ChartMill Relative Strength | 19.73 | NEGATIVE | BML-H has a low relative strength, it was outperformed by 80.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BML-H is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BML-H is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BML-H is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.06 | NEUTRAL | The RSI value for BML-H is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests BML-H has a positive trend. |
| Stochastics (14,3) | 38.82 | NEUTRAL | The Stochastics value for BML-H is a neutral value. |
| Average True Range in percent/ATR (20) | 0.9 | LOW VOLATILITY | The low ATR as a percentage value for BML-H suggests low volalility. |
| Average Directional Index/ADX (14) | 46.91 | POSITIVE | The high ADX value value for BML-H suggests a strong 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)
20.16
+0.14 (+0.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.7%
1 Week1.56%
2 Weeks-1.32%
1 Month-1.08%
3 Month-9.15%
6 Month-8.36%
12 Month-11.19%
2 Year4.89%
3 Year9.68%
5 Year7.12%
10 Year4.78%
15 Year31.68%
Volatility
ATR(14)0.19
ATR(20)%0.9%
ATR Inc-19.63%
Range Today0.17
ADR(20)0.18
ADR(20)%0.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.73
Mansfield-1.5
10 Day High20.44
10 Day Low19.73
20 Day High20.64
20 Day Low19.73
52 Week High23.45
52 Week Low19.73
CS1 End20.02
CR1 Start21.3
Volume & EV
DER(3)0.22%
DER(5)-0.14%
Volume37.00K
Volume Incr-42.71%
Vol(5)23.76K
Vol(50)26.74K