Bank of America Technical Analysis (NYSE:BAC)

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$16.91 $0.04 (0.24%) BAC stock closing price Oct 27, 2016 (Closing)

Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. When a chart pattern that can predict future Bank of America stock price movements is formed, the BAC stock chart can become a key tool for a technical analyst.

See Bank of America bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of Bank of America stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.

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Bank of America Moving Average:

BAC stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Bank of America chart patterns after the calculations remain the same. The 100 day moving average of 43.03 is above the last closing price of 16.87. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Bank of America are mostly signals of long term trends and will help long term traders.

Bank of America Bollinger Bands:

Bollinger bands comprise of a center line usually BAC SMA, and two BAC stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band.   The stock price is trading between the average and the lower band in the context of Bank of America bollinger bands.

Bank of America Moving Average Convergence Divergence or MACD:

Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up.   The Bank of America MACD line is above the signal line.

Bank of America Relative Strength Index:

This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 38.49 is the RSI value of BAC stock. .

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