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BANK OF AMERICA CORP - BAC 6.45 12/15/66 (MER-K) Stock Technical Analysis

NYSE:MER-K - New York Stock Exchange, Inc. - US0605051798 - Currency: USD

25.27  +0.04 (+0.16%)

Technical Rating and Analysis

1

Taking everything into account, MER-K scores 1 out of 10 in our technical rating. MER-K has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
MER-K is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MER-K is lagging the market.
When comparing the performance of all stocks over the past year, MER-K turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
In the last month MER-K has a been trading in a tight range between 25.11 and 25.69.

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Weekly and Daily overview Charts
BANK OF AMERICA CORP - BAC 6.45 12/15/66 / MER-K Weekly stock chart
BANK OF AMERICA CORP - BAC 6.45 12/15/66 / MER-K Daily stock chart
Setup Rating and Analysis

6

Although the technical rating is bad, MER-K does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 25.26, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

24.84

26.88

When analyzing the support we notice one important area.

  • A support zone ranging from 25.09 to 25.26. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

  • A resistance zone ranging from 25.32 to 25.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 26.35 to 26.61. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for MER-K is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for MER-K is down.
ChartMill Relative Strength48.31NEUTRALMER-K is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of MER-K is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of MER-K is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of MER-K is below a declining SMA(200).
Relative Strength Index/RSI (14)43.15NEUTRALThe RSI value for MER-K is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.01NEGATIVEThe MACD value suggests MER-K has a negative trend, although the MACD value is rising.
Stochastics (14,3)26.63NEUTRALThe Stochastics value for MER-K is a neutral value.
Average True Range in percent/ATR (20)0.55LOW VOLATILITYThe low ATR as a percentage value for MER-K suggests low volalility.
Average Directional Index/ADX (14)22.82NEUTRALThe ADX value for MER-K suggests a possible start of a new trend.
Chart- and CandleStick Pattern Analysis
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)

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BANK OF AMERICA CORP - BAC 6.45 12/15/66 / MER-K Daily stock chart

BANK OF AMERICA CORP - BAC 6.45 12/15/66

NYSE:MER-K (5/23/2025, 7:13:49 PM)

25.27

+0.04 (+0.16%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.16%
1 Week-0.32%
2 Weeks-0.75%
1 Month-1.29%
3 Month-1.98%
6 Month-3.11%
12 Month-0.28%
2 Year0.48%
3 Year-0.9%
5 Year-4.1%
10 Year-1.48%
15 Year25.97%
Volatility
ATR(14)0.12
ATR(20)%0.55%
ATR Inc-17.13%
Range Today0.09
ADR(20)0.13
ADR(20)%0.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.31
Mansfield-0.36
10 Day High25.52
10 Day Low25.11
20 Day High25.69
20 Day Low25.11
52 Week High26.64
52 Week Low25.11
CS1 End25.26
CR1 Start25.32
Volume & EV
DER(3)0.41%
DER(5)1.12%
Volume62.02K
Volume Incr39.75%
Vol(5)44.83K
Vol(50)36.07K