Trading Signals: BAC Stock Price Prediction and Forecast

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Fri. Jan. 15, 2021

Trading Signals: BAC Stock Price Prediction and Forecast (Mon. Mar. 17, 2014 - Fri. Jan. 15, 2021)

(Bank of America Corp)
BAC latest price $33.0700 (-2.71%) ($32.7000 - $33.6300) on Fri. Jan. 15, 2021.

Trend Analysis and Forecast

Trend Pattern   Uptrend Dip
Trend Narrative   After Top
Average Daily Price Swing   $1.68 (5.38% one month average)
Average Daily Percentage Swing   2.61% (three month average)
Weekly Trend Force   0.8% (StdDev 2.61%)
Daily Moving Force   %
Correction Force   Weak (0%)
Trend   1.02%
Latest Price   $33.0700(-2.71%)
Forecasted Low Price   32.84(-0.7%)
Forecasted High Price   34.03(2.9%)
Direction of Next Movement   Higher(2.2%)
% Change Needed to Confirm Correction   1.6% (32.55)
% Change Needed for Trend Reversal   2.8%
Hourly Trend -0.4% [$33.49(-0.12), $33.49(0.16)]
Complacency   8
Intraday Reversal Probability   N/A.
Daily Trend   BAC advances 0.3% a day on average for past five trading days.
Weekly Trend   BAC advances 5.5% a week on average for past two weeks.
Market Behavior   Value stocks sell-off for large cap. Broad based sell-off for small cap.
Correlated ETFs   Broad market will support BAC advance at 0.3% a week (84% probability)
XLF(94%)    IWN(82%)    SDY(81%)    JETS(80%)    IWD(79%)
Factors Impacting BAC price   BAC will decline at least -0.2% in a week (56% probabilities).
TLT(-61%)    BNDX(-58%)    BND(-58%)    SHY(-55%)    VCIT(-48%)
Explanation The rally is not sustainable and not supported by the broad market.
Trading Plan   Not Available

Valuation to SPY 1.3

Relative Volatility 1.8 (options are extremely expensive)

Market Trend Strength   0.9% (StdDev 2.61%)
Hourly BBV -0.5 ()
Intraday Trend -0.7%

Next Hour Price   $33.01(-0.18%)
Inflection Point   Yes
Support Level   $31.2
5 Day Moving Average   $33.45(-1.14%)
10 Day Moving Average   $32.58(1.5%)
20 Day Moving Average   $31.2(5.99%)
To recent high   -2.7%
To recent low   40.9%
Market Cap   $286.521b

Option Sentiment

Earning Release Date   Tue. Jan. 19, 2021
Analyst One Year Target Price   $28.94 ($22.00 - $37.00)
  24 analysts (last updated on Mon. Nov. 16, 2020)
% to Average Target Price   -12.49%
% to Low Target Price   -33.47%
% to High Target Price   11.88%

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The Global Wealth and Investment Management provides client experience through a network of financial advisors focused on to meet their needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the mortgage servicing rights (MSR) valuation model for both core and non-core MSRs, other liquidating businesses, residual expense allocations and other. The company was founded by Amadeo Peter Giannini in 1904 is headquartered in Charlotte, NC.

$. Technical analysis works only if the market conditions in the future are not drastically different from the past. Always read market news to understand the causes of the price movement before making a trading decision. News

$. BAC price fluctuates within 5.38% (three month std-dev: 2.61% one year average std_dev: 0%) daily (68% of days).
$. BAC price fluctuates within 0% weekly (one year average std_dev: %).

Analysis News Options Weekly Chart Daily Chart Hourly Chart 15 Minute Chart

i	Date	ema20(Trend)	ema10(Trend)	ema5(Trend)	Slow Hourly Trend	Fast Hourly Trend	Close	ActualPriceRange	BBV	Hourly BBV	Daily Moving Force	Weekly Trend Force	Reversal Force	Trend	Trend Pattern	Next Direction	C	RSI	Scale	RV	VIXCD	Trend-Narrative	NextDay PriceTarget	NextDayPriceRange	Volume millions	To High-Low
1	Jan_15_2021	31.2 (0.8%)	32.58 (1%)	33.45 (0.3%)	33.49	33.49(0%)	33.07(-2.71%)	32.7-33.63	1(1.1)	-0.5	%	0.8%	0%	1.02%	Uptrend Dip	Higher(2.2%)	8	75	2.1	1.3	2.5	After Top	33.69(1.88%)	32-35.07	33.4	-2.7%-40.9%
2	Jan_14_2021	30.98 (0.7%)	32.32 (1%)	33.34 (0.7%)	33.33	33.61(0%)	33.99(1.58%)	33.42-34.37	1.6(1.8)	2.2	0.6%	1.1%	0%	1.02%	Growing Uptrend	Higher(1.7%)	8	82	2.1	1.9	2.5	Uptrend	34.85(2.54%)	33.38-35.48	48.27	0%-44.8%
3	Jan_13_2021	30.71 (0.7%)	31.92 (1%)	33.12 (0.8%)	33.04	33.48(0%)	33.46(-0.59%)	33.09-33.68	1.5(1.7)	0.1	0.9%	1%	0%	1%	Growing Uptrend	Higher(2.2%)	7	84	2	1.7	1.9	Uptrend	34.23(2.29%)	32.93-34.78	42.94	-0.6%-42.6%
4	Jan_12_2021	30.44 (0.7%)	31.57 (1%)	32.85 (2.1%)	32.97	33.05(0%)	33.66(1.78%)	33.2-33.97	1.9(2.1)	2.8	1.5%	1.1%	0%	0.96%	Growing Uptrend	Higher(2.6%)	7	78	1.9	2.1	2	Growing Uptrend	34.57(2.7%)	33.06-34.95	68.08	0%-43.4%
5	Jan_11_2021	30.18 (0.6%)	31.2 (1%)	32.17 (1.9%)	32.59	32.59(0%)	33.07(1.66%)	31.9-33.13	1.8(2)	3.4	0.4%	0.9%	0%	0.82%	Growing Uptrend	Range(1.3%)	7	80	1.7	2	1.6	Overbought	32.16(-2.75%)	30.88-34.09	51.71	0%-40.9%

6	Jan_8_2021	29.97 (0.5%)	30.88 (0.9%)	31.57 (1.5%)	32.01	32.89(0%)	32.53(-1%)	32.11-33	1.8(2)	3.4	1.3%	0.8%	0%	0.68%	Growing Uptrend	Higher(2.6%)	7	77	1.6	1.8	1	Relative Overbought	32.5(-0.08%)	31.06-33.69	44.58	-1%-38.6%
7	Jan_7_2021	29.77 (0.5%)	30.62 (0.9%)	31.12 (1.9%)	31.4	32.59(0%)	32.86(2.21%)	32.84-33.62	2.4(2.7)	1.5	3.3%	1.1%	-2.8%	0.62%	Growing Uptrend	Lower(-4.2%)	8	80	1.4	2.6	0.6	Approaching Top	32.57(-0.88%)	31.05-33.81	74.12	0%-40%
8	Jan_6_2021	29.56 (0.5%)	30.24 (0.9%)	30.55 (1.4%)	30.66	31.13(0%)	32.15(6.25%)	31.36-32.62	2.6(2.8)	1.4	2.2%	0.8%	-3.4%	0.46%	Growing Uptrend	Lower(-5.9%)	8	79	1.1	3	-0.8	Overbought	31.12(-3.2%)	30.17-32.55	106.67	0%-37%
9	Jan_5_2021	29.4 (0.5%)	29.98 (1.1%)	30.12 (0.1%)	30.16	30.22(0%)	30.26(0.77%)	29.91-30.54	1.1(1.3)	-0.5	0.1%	0.4%	0%	0.42%	Growing Uptrend	Range(0.5%)	8	74	0.9	1.3	-0.3	Uptrend	30.36(0.33%)	30.1-30.47	48.38	-0.2%-28.9%
10	Jan_4_2021	29.34 (0.5%)	29.83 (1.1%)	30.09 (0%)	30.12	30.18(0%)	30.03(-0.92%)	29.75-30.57	0.9(1.1)	-0.7	0.1%	0.3%	0%	0.42%	Growing Uptrend	Range(0.9%)	7	67	0.8	1.3	-0.7	Uptrend	30.14(0.35%)	29.91-30.23	51.37	-0.9%-28%

11	Dec_31_2020	29.29 (0.6%)	29.72 (1.2%)	30.08 (0.2%)	30.13	30.1(0%)	30.31(1.1%)	29.9-30.39	1.5(1.7)	-0.9	0.1%	0.4%	0%	0.42%	Growing Uptrend	Range(0.5%)	8	61	0.8	1.3	1.1	Uptrend	30.39(0.25%)	30.12-30.5	28.66	0%-29.1%
12	Dec_30_2020	29.22 (0.6%)	29.56 (1.2%)	30.03 (0.5%)	30.1	30.06(0%)	29.98(-0.1%)	29.94-30.22	1.1(1.3)	-0.6	%	0.4%	0%	0.4%	Growing Uptrend	Range(0.5%)	9	62	0.7	1.1	0.9	Growing Uptrend	30.09(0.38%)	29.85-30.16	26.31	-0.5%-27.7%
13	Dec_29_2020	29.15 (0.7%)	29.43 (1.1%)	29.87 (0.2%)	30.04	30.15(0%)	30.01(-0.4%)	29.93-30.25	1.3(1.6)	0.4	0.2%	0.5%	0%	0.36%	Growing Uptrend	Range(0.9%)	9	60	0.7	1.3	1.2	Growing Uptrend	30.12(0.36%)	29.87-30.18	33.24	-0.4%-27.9%
14	Dec_28_2020	29.06 (0.7%)	29.26 (0.9%)	29.82 (1%)	29.88	30.14(0%)	30.13(0.57%)	29.99-30.55	1.7(1.9)	0.9	0.8%	0.4%	0%	0.34%	Growing Uptrend	Range(1.2%)	8	59	0.7	1.6	0.8	Growing Uptrend	30.23(0.33%)	29.94-30.3	32.59	0%-28.4%
15	Dec_24_2020	29 (0.9%)	29.1 (0.6%)	29.53 (0.8%)	29.68	29.92(0%)	29.96(-0.3%)	29.74-30.27	1.8(2)	1.8	1%	0.3%	0%	0.22%	Growing Uptrend	Higher(1.5%)	7	55	0.6	1.8	1	Relative Overbought	29.8(-0.52%)	29.43-30.11	22.63	-0.3%-28.4%

16	Dec_23_2020	28.94 (1.1%)	29 (0.4%)	29.3 (0.9%)	29.37	29.63(0%)	30.05(2.88%)	29.33-30.35	2.3(2.6)	2.2	0.8%	0.4%	-0.9%	0.18%	Growing Uptrend	Lower(-1.4%)	6	60	0.6	2.5	1	Growing Uptrend	30.08(0.1%)	29.85-30.14	52.37	0%-29.2%
17	Dec_22_2020	28.88 (1.3%)	28.86 (0%)	29.03 (0.4%)	29.11	29.44(0%)	29.21(-1.78%)	29.17-29.78	0.8(0.9)	0.1	0.9%	0.2%	0%	0.1%	Uptrend Dip	Higher(2%)	5	51	0.5	0.9	1.2	N/A	29.17(-0.15%)	29.05-29.26	39.02	-1.8%-25.6%
18	Dec_21_2020	28.8 (0.9%)	28.83 (-0.1%)	28.92 (1.1%)	28.91	29.1(0%)	29.74(3.73%)	28.73-29.99	1.8(2)	2.8	1%	0.3%	0%	0.08%	Growing Uptrend	Range(1.3%)	4	61	0.6	2.2	0.1	Growing Uptrend	29.75(0.02%)	29.57-29.79	92.88	0%-27.9%
19	Dec_18_2020	28.66 (0.5%)	28.75 (-0.2%)	28.62 (0.1%)	28.69	28.79(0%)	28.67(-0.55%)	28.57-29.1	0.1(0)	2.8	0.2%	-0.1%	0%	0.02%	N/A	Range(0.4%)	4	58	0.8	-0.3	1.9	Correction	28.65(-0.07%)	28.61-28.7	80.82	-2.1%-23.3%
20	Dec_17_2020	28.58 (0.5%)	28.81 (-0.1%)	28.6 (-0.2%)	28.63	28.72(0%)	28.83(0.38%)	28.53-28.92	0.3(0.4)	2.8	0.2%	0.1%	0%	0.02%	Growing Uptrend	Range(0.3%)	4	48	0.9	-0.4	1.8	Correction	28.77(-0.21%)	28.69-28.86	42.33	-1.6%-23.9%

21	Dec_16_2020	28.5 (0.4%)	28.82 (-0.1%)	28.65 (-0.1%)	28.59	28.6(0%)	28.72(0.28%)	28.44-28.82	0.3(0.3)	2.5	0.1%	-0%	0%	0.04%	N/A	Range(0.1%)	4	47	1	-0.2	2.2	Correction	28.65(-0.24%)	28.56-28.76	42.43	-1.9%-23.5%
22	Dec_15_2020	28.44 (0.4%)	28.85 (-0.1%)	28.67 (-0.2%)	28.62	28.54(0%)	28.64(1.49%)	28.25-28.82	0.3(0.3)	2.2	-0.2%	0%	0%	0.04%	Downtrend Reversal	Range(-0.2%)	4	47	1.1	-0.3	2.3	Correction	28.57(-0.24%)	28.48-28.68	43.66	-2.2%-23.1%
23	Dec_14_2020	28.39 (0.4%)	28.86 (0.1%)	28.73 (-0.6%)	28.75	28.57(0%)	28.22(-1.23%)	28.14-28.96	-0.2(-0.2)	-3.9	-0.4%	0%	0%	0.12%	Downtrend Reversal	Range(0.2%)	4	61	1.1	-0.4	1.4	Uptrend Consolidation	28.26(0.15%)	28.26-28.27	40.16	-3.7%-21.3%
24	Dec_11_2020	28.34 (0.6%)	28.87 (0.3%)	28.9 (-0.5%)	28.84	28.7(0%)	28.57(-1.86%)	28.3-28.75	0.3(0.3)	0.5	-0.6%	-0%	0%	0.26%	Downtrend Reversal	Range(0.3%)	5	68	1.2	0.2	1.5	Uptrend Consolidation	28.5(-0.24%)	28.44-28.69	40.13	-2.5%-22.8%
25	Dec_10_2020	28.25 (0.7%)	28.91 (0.6%)	29.04 (0.1%)	28.93	28.92(0%)	29.11(1.08%)	28.47-29.13	0.9(0.9)	0.4	-0.2%	0.1%	0%	0.42%	Uptrend Consolidation	Range(-0.1%)	6	71	1.3	1.1	1.4	Uptrend	29.29(0.63%)	28.94-29.45	58.06	-0.6%-25.2%
i	Date	ema20(Trend)	ema10(Trend)	ema5(Trend)	Slow Hourly Trend	Fast Hourly Trend	Close	ActualPriceRange	BBV	Hourly BBV	Daily Moving Force	Weekly Trend Force	Reversal Force	Trend	Trend Pattern	Next Direction	C	RSI	Scale	RV	VIXCD	Trend-Narrative	NextDay PriceTarget	NextDayPriceRange	Volume millions	To High-Low