BANK OF AMERICA

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	BAC
ISIN:

BANK OF AMERICA - 1H - Technical analysis published on 02/02/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bullish

Technical indicators

22%

39%

My opinion

Bearish under 34.43 USD

My targets

33.22 USD (-0.92%)

32.12 USD (-4.21%)

My analysis

The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for BANK OF AMERICA as long as the price remains well below 34.43 USD. The next bearish objective for sellers is set at 33.22 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 32.12 USD. In case of crossing, the next objective would be the support located at 31.27 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 33.22 USD. With this support, against the trend traders who want to buy BANK OF AMERICA on a buy signal from their trading strategy should not hesitate to act.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

0.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BANK OF AMERICA price is 33.53 USD. The price registered a decrease of -0.06% on the session with the lowest point at 33.17 USD and the highest point at 33.62 USD. The deviation from the price is +1.09% for the low point and -0.27% for the high point.

33.17

33.62

33.53

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of BANK OF AMERICA indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : 1 hour

On the 18 technical indicators analysed, 4 are bullish, 7 are neutral and 7 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	31.27	32.12	33.22	33.53	33.68	34.43	35.10
Change (%)	-6.74%	-4.21%	-0.92%	-	+0.45%	+2.68%	+4.68%
Change	-2.26	-1.41	-0.31	-	+0.15	+0.90	+1.57
Level	Intermediate	Major	Major	-	Intermediate	Major	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	31.58	32.26	32.90	33.58	34.22	34.90	35.54
Camarilla	33.19	33.31	33.43	33.55	33.67	33.79	33.91
Woodie	31.57	32.25	32.89	33.57	34.21	34.89	35.53
Fibonacci	32.26	32.76	33.07	33.58	34.08	34.39	34.90

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	31.26	31.79	32.61	33.14	33.96	34.49	35.31
Camarilla	33.06	33.18	33.31	33.43	33.55	33.68	33.80
Woodie	31.41	31.86	32.76	33.21	34.11	34.56	35.46
Fibonacci	31.79	32.31	32.62	33.14	33.66	33.97	34.49

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	27.99	29.63	31.82	33.46	35.65	37.29	39.48
Camarilla	32.96	33.31	33.66	34.01	34.36	34.71	35.06
Woodie	28.27	29.77	32.10	33.60	35.93	37.43	39.76
Fibonacci	29.63	31.09	32.00	33.46	34.92	35.83	37.29

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	45.03
MACD (12,26,9):	-0.1300
Directional Movement:	-9.57
AROON (14):	-50.00
DEMA (21):	33.64
Parabolic SAR (0,02-0,02-0,2):	33.83
Elder Ray (13):	-0.15
Super Trend (3,10):	34.13
Zig ZAG (10):	33.54
VORTEX (21):	0.8200
Stochastique (14,3,5):	28.02
TEMA (21):	33.36
Williams %R (14):	-61.99
Chande Momentum Oscillator (20):	-0.91
Repulse (5,40,3):	0.7900
ROCnROLL:	-1
TRIX (15,9):	-0.0100
Courbe Coppock:	7.10

MA7:	33.77
MA20:	33.21
MA50:	32.41
MA100:	29.82
MAexp7:	33.52
MAexp20:	33.73
MAexp50:	33.61
MAexp100:	33.36
Price / MA7:	-0.71%
Price / MA20:	+0.96%
Price / MA50:	+3.46%
Price / MA100:	+12.44%
Price / MAexp7:	+0.03%
Price / MAexp20:	-0.59%
Price / MAexp50:	-0.24%
Price / MAexp100:	+0.51%

Quotes : - 15 min delayed data - NYSE Stocks

News

The last news published on BANK OF AMERICA at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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