The Hourly View for Bank of America
- At the time of this writing, BAC’s price is down $-0.06 (-0.13%) from the hour prior.
- This move is a reversal from the hour prior, which saw price move up.
- If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
- The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Bank of America’s hourly price chart is shown below.
The Daily View for Bank of America
- At the moment, BAC’s price is down $-0.46 (-0.97%) from the day prior.
- This is a reversal of the price action on the previous day, in which price moved up.
- Regarding the trend, note that the strongest trend exists on the 50 day timeframe.
- Regarding moving averages, it should first be noted that price has crossed the 20 day moving average, resulting in them with price now being below it. 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.
- Divergence between BAC’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in BAC’s price.
Below is a daily price chart of Bank of America.
Latest News Discussing BAC
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