Bank of America Snaps a 4 Day Up Streak

The Hourly View for Bank of America

  • Currently, BAC’s price is down $-0.11 (-0.27%) from the hour prior.
  • The hourly chart shows that Bank of America has seen 2 straight down hours.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 50 hour moving average, resulting in them so that price is now turning below it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Bank of America’s hourly price chart is shown below.

BAC

The Daily View for Bank of America

  • Currently, BAC’s price is down $-0.17 (-0.38%) from the day prior.
  • Bank of America has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Below is a daily price chart of Bank of America.

BAC

Featured Bank of America Idea From TradingView

Below is a trading comment entitled Rising wedge JPMorgan you may find interesting:

bank of America Showing same pattern.. this is important because bank stocks played a big part in the spy making news this year along with cyclicals as tech declined. Resistance is at 167.90targets are green linesOverbought On weekly RSI

ContraryTrader