Bank of America (NYSE:BAC) is Weak on a Near Term Basis $BAC

Bank of America (NYSE:BAC) is Weak on a Near Term Basis, but neutral midterm and longterm.  

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Technical Summary

Term →Near Mid Long
Bias Weak Neutral Neutral
P1 28.49 27.50 29.36
P2 29.39 29.65 32.67
P3 29.91 31.36 35.90

Long Term Trading Plans for BAC

May 7, 2018, 10:14 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

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breask higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

BAC - (Short) Resistance Plan

Short under 29.36, target n/a, stop loss @ 29.62.
The technical summary data is suggesting a short of BAC as it gets near 29.36, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 29.62. 29.36 is the first level of resistance above 29.3, and by rule, any test of resistance is a short signal. In this case, if resistance 29.36 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

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