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Bank of America $BAC is Weak on a Near Term basis, Shown in Charts and Graphs

Bank of America (NYSE: BAC) is Weak on a Near Term basis, Shown in Charts and Graphs below.  The stock is also moving up from longer term support though.  Please update this report because the data changes as the stock price changes over time.

Technical Summary

Term →Near Mid Long
Rating Weak Neutral Neutral
P1 28.26 27.09 27.09
P2 28.67 28.61 30.50
P3 29.06 30.02 33.96
Triggers may have already come
Support and Resistance Plot Chart for BAC

Long Term Trading Plans for BAC

July 16, 2018, 10:08 am ET

The technical Summary and associated Trading Plans for BAC listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for BAC. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.

BAC - (Long) Support Plan

Buy over 27.09 target 30.50 stop loss @ 26.83.
The technical summary data tells us to buy BAC near 27.09 with an upside target of 30.50. This data also tells us to set a stop loss @ 26.83 to protect against excessive loss in case the stock begins to move against the trade. 27.09 is the first level of support below 28.55 , and by rule, any test of support is a buy signal. In this case, support 27.09 would be being tested, so a buy signal would exist.

BAC - (Short) Resistance Plan

Short under 30.50 target 27.09 stop loss @ 30.76.
The technical summary data is suggesting a short of BAC as it gets near 30.50 with a downside target of 27.09. We should have a stop loss in place at 30.76 though. 30.50 is the first level of resistance above 28.55, and by rule, any test of resistance is a short signal. In this case, if resistance 30.50 is being tested, so a short signal would exist.


BAC Long Term Analysis


BAC EPS Analysis

BAC Revenue chart

BAC Growth rate - Quarterly

BAC Growth rate - Yearly

BAC PE chart

BAC PEG chart

Blue = Current Price
Red= Resistance
Green = Support

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