BANK OF AMERICA - 1H - Technical analysis published on 01/20/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
17%
61%
22%
My opinion
Bearish under 34.37 USD
My targets
32.20 USD (-1.74%)
30.55 USD (-6.77%)
My analysis
The strong short-term decrease of BANK OF AMERICA should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 34.37 USD, a sale could be considered. The first bearish objective is located at 32.20 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 30.55 USD. If there is any crossing, the next objective would be support 29.14 USD. Caution, if there is a return to above 34.37 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
2.5
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This analysis was given by m_showlag. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BANK OF AMERICA price is 32.77 USD. The price registered a decrease of -0.73% on the session and was between 32.20 USD and 33.60 USD. This implies that the price is at +1.77% from its lowest and at -2.47% from its highest.32.20
33.60
32.77
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this BANK OF AMERICA chart shows a neutral trend. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 29.14 | 30.55 | 32.20 | 32.77 | 32.84 | 34.37 | 35.64 |
| Change (%) | -11.08% | -6.77% | -1.74% | - | +0.21% | +4.88% | +8.76% |
| Change | -3.63 | -2.22 | -0.57 | - | +0.07 | +1.60 | +2.87 |
| Level | Intermediate | Intermediate | Minor | - | Major | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.67 | 32.18 | 32.60 | 33.11 | 33.53 | 34.04 | 34.46 |
| Camarilla | 32.75 | 32.84 | 32.93 | 33.01 | 33.10 | 33.18 | 33.27 |
| Woodie | 31.62 | 32.16 | 32.55 | 33.09 | 33.48 | 34.02 | 34.41 |
| Fibonacci | 32.18 | 32.54 | 32.76 | 33.11 | 33.47 | 33.69 | 34.04 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.35 | 30.62 | 31.82 | 33.09 | 34.29 | 35.56 | 36.76 |
| Camarilla | 32.33 | 32.56 | 32.78 | 33.01 | 33.24 | 33.46 | 33.69 |
| Woodie | 29.31 | 30.60 | 31.78 | 33.07 | 34.25 | 35.54 | 36.72 |
| Fibonacci | 30.62 | 31.57 | 32.15 | 33.09 | 34.04 | 34.62 | 35.56 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.38 | 27.26 | 28.79 | 29.67 | 31.19 | 32.07 | 33.60 |
| Camarilla | 29.65 | 29.87 | 30.09 | 30.31 | 30.53 | 30.75 | 30.97 |
| Woodie | 26.70 | 27.42 | 29.11 | 29.83 | 31.51 | 32.23 | 33.92 |
| Fibonacci | 27.26 | 28.18 | 28.75 | 29.67 | 30.58 | 31.15 | 32.07 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.47 | |
| MACD (12,26,9): | -0.1000 | |
| Directional Movement: | -13.47 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 33.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 33.52 | |
| Elder Ray (13): | -0.25 | |
| Super Trend (3,10): | 33.82 | |
| Zig ZAG (10): | 32.77 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 36.25 | |
| TEMA (21): | 32.83 | |
| Williams %R (14): | -60.14 | |
| Chande Momentum Oscillator (20): | -0.16 | |
| Repulse (5,40,3): | -0.8700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 4.56 |
| MA7: | 33.21 | |
| MA20: | 31.29 | |
| MA50: | 29.22 | |
| MA100: | 26.87 | |
| MAexp7: | 32.99 | |
| MAexp20: | 33.18 | |
| MAexp50: | 32.96 | |
| MAexp100: | 32.19 | |
| Price / MA7: | -1.32% | |
| Price / MA20: | +4.73% | |
| Price / MA50: | +12.15% | |
| Price / MA100: | +21.96% | |
| Price / MAexp7: | -0.67% | |
| Price / MAexp20: | -1.24% | |
| Price / MAexp50: | -0.58% | |
| Price / MAexp100: | +1.80% |
Quotes :
2021-01-19 20:59:59
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15 min delayed data
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NYSE Stocks
News
Don"t forget to follow the news on BANK OF AMERICA. At the time of publication of this analysis, the latest news was as follows:
- Investor Network: Bank of America Corporation to Host Earnings Call
- Carrie Ann Inaba To Join Tree Lighting Festivities At Bank Of America Winter Village At Bryant Park
- Unisys to Present at Bank of America Merrill Lynch 2016 Leveraged Finance Conference
- Rowan to Present at the Bank of America Merrill Lynch Conference
- Level 3 to Present at the Bank of America-Merrill Lynch 2016 Leveraged Finance Conference
This member declared not having a position on this financial instrument or a related financial instrument.
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