Bank Of America Corp (BAC) Down 2.81%, Breaks Below 20 Day Average; Price Base in Formation Over Past 30 Days
A lot can change between now and wednesday's open.
BAC
(Last Updated October 28, 2020)
Hello! This is the news page for Bank Of America Corp. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
Price action over the past 3 months suggests there isn’t a clear trend in place for BAC. As such, this might be an opportunity for rangebound traders, or trend traders focused on longer timeframes.
BAC Moving Averages
The moving averages on BAC summarize its price action in an interesting way. Of the 20, 50, 100, and 200 day averages — three of them (all but the 20) — are bearish, implying a downward trend, aside from a jump about 3 weeks prior.
Below is a chart showing BAC’s price with its moving averages.
Bank of America (BAC) Price Near $23.50; Breaks Below 20 Day Average, Heads Down For the 2nd Consecutive Day, Price Base in Formation Over Past 30 Days
They are getting extremely lucky the stock is trading like a utility.
Bank of America (BAC) Price Near $23.84; Moves Down For the 2nd Consecutive Day, Price Base in Formation Over Past 30 Days, Crosses 20 Day Moving Average
This move happened on lower volume, as yesterday’s volume was down 8.37% from the day before — and down 6.72% from the same day the week before.
Bank of America (BAC) Closes Last Hour Up $0.22; 2 Day Up Streak Ended, is Inching Close to 20 Day Average, Price Base in Formation Over Past 30 Days
$pypl and $sq will start to get real upset once they see the bank coin rise and establish itself as a mode of payment.
Bank of America (BAC) Price Near $24.87; Crosses 20 Day Moving Average, Eyes 100 Day Average
The price move occurred on volume that was up 32.52% from the day prior, but down 10.23% from the same day the week before.
Bank of America (BAC) Closes Prior Hour Up 0.1%; Eyes 100 Day Average, Breaks Above 20 Day Average
The change in price came along side change in volume that was up 32.52% from previous day, but down 10.23% from the thursday of last week.
Bank Of America Corp (BAC) 2 Day Up Streak Snapped; Price Base in Formation Over Past 14 Days
This move happened on lower volume, as yesterday’s volume was down 12.1% from the day before — and down 1.33% from the same day the week before.
Bank of America (BAC) Closes Prior Hour Down -0.58%; Price Base in Formation Over Past 14 Days, 2 Day Up Streak Ended
As for how volume fared, yesterday’s volume was up 18.08% from the previous day (sunday), and up 36.17% from monday of the week before.
Bank of America (BAC) Closes Prior Hour Down -0.5%; 2 Day Up Streak Ended, Price Base in Formation Over Past 14 Days
This move happened on lower volume, as yesterday’s volume was down 14.79% from the day before — and down 4.34% from the same day the week before.
Bank of America (BAC) Closes Last Hour Down $-0.06; Pin Bar Pattern Appearing on Chart, Heads Up For the 2nd Consecutive Day, is Inching Close to 20 Day Average
This is a reversal of the price action on the previous hour, in which price moved up.