Bank of America (BAC) Closes Last Hour Down $-0.13; Crosses 20 Day Moving Average

The Hourly View for BAC

Last Updated September 10, 2020, 11:12 GMT

At the time of this writing, BAC’s price is down $-0.03 (-0.12%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Of note is that the 20 hour changed directions on BAC; it is now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50 and 100 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Bank Of America Corp Daily Price Recap

The choppiness in the recent daily price action of Bank Of America Corp continues; to start today, it came in at a price of 25.51 US dollars, up 0.12% ($0.03) since yesterday. The change in price came along side change in volume that was down 29.31% from previous day, but up 13.95% from the Wednesday of last week. Let’s take a look at the daily price chart of Bank Of America Corp.


Bank Of America Corp Technical Analysis

Notably, the current price of Bank Of America Corp is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Or to view things another way, note that out of the past 30 days Bank Of America Corp’s price has gone up 17 them.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to BAC:

    $BAC Sep 09
    – Daily stock market timing forecast –
    ◆ Investing view
    => Neutral – Bearish
    ◆ Search for the daily stock market timing forecast
    ◆ Upper~Lower stock price band for the next 10 days
    Price: 24.16 ~ 25.65
    % Change: -5.30% ~ 0.54%
    ◆ Today's Supply-Demand(S&D) strength
    => Supply-Demand(S&D) strength flow appropriate to the current trend.

    ◆ Daily Supply-Demand(S&D) strength Trend
    => In the midst of a downward trend of strong downward momentum price flow marked by temporary rises and strong falls.