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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

iDateema20(Trend)ema10(Trend) ema5(Trend) Slow Hourly
Trend
Fast Hourly
Trend
CloseActualPriceRangeBBVHourly
BBV
Daily
Moving
Force
Weekly
Trend
Force
Reversal
Force
TrendTrend
Pattern
Next
Direction
CRSIScaleRVVIXCDTrend-Narrative  NextDay
PriceTarget  
NextDayPriceRangeVolume
millions
To High-Low
1Jan_15_202131.2 (0.8%)32.58 (1%)33.45 (0.3%) 33.49 33.49(0%)33.07(-2.71%)32.7-33.631(1.1)-0.5 %0.8%0%1.02% Uptrend Dip  Higher(2.2%)8752.11.32.5After Top 33.69(1.88%)32-35.0733.4   -2.7%-40.9% 
2Jan_14_202130.98 (0.7%)32.32 (1%)33.34 (0.7%) 33.33 33.61(0%)33.99(1.58%)33.42-34.371.6(1.8)2.2 0.6%1.1%0%1.02% Growing Uptrend  Higher(1.7%)8822.11.92.5Uptrend 34.85(2.54%)33.38-35.4848.27   0%-44.8% 
3Jan_13_202130.71 (0.7%)31.92 (1%)33.12 (0.8%) 33.04 33.48(0%)33.46(-0.59%)33.09-33.681.5(1.7)0.1 0.9%1%0%1% Growing Uptrend  Higher(2.2%)78421.71.9Uptrend 34.23(2.29%)32.93-34.7842.94   -0.6%-42.6% 
4Jan_12_202130.44 (0.7%)31.57 (1%)32.85 (2.1%) 32.97 33.05(0%)33.66(1.78%)33.2-33.971.9(2.1)2.8 1.5%1.1%0%0.96% Growing Uptrend  Higher(2.6%)7781.92.12Growing Uptrend 34.57(2.7%)33.06-34.9568.08   0%-43.4% 
5Jan_11_202130.18 (0.6%)31.2 (1%)32.17 (1.9%) 32.59 32.59(0%)33.07(1.66%)31.9-33.131.8(2)3.4 0.4%0.9%0%0.82% Growing Uptrend  Range(1.3%)7801.721.6Overbought 32.16(-2.75%)30.88-34.0951.71   0%-40.9% 
 
6Jan_8_202129.97 (0.5%)30.88 (0.9%)31.57 (1.5%) 32.01 32.89(0%)32.53(-1%)32.11-331.8(2)3.4 1.3%0.8%0%0.68% Growing Uptrend  Higher(2.6%)7771.61.81Relative Overbought 32.5(-0.08%)31.06-33.6944.58   -1%-38.6% 
7Jan_7_202129.77 (0.5%)30.62 (0.9%)31.12 (1.9%) 31.4 32.59(0%)32.86(2.21%)32.84-33.622.4(2.7)1.5 3.3%1.1%-2.8%0.62% Growing Uptrend  Lower(-4.2%)8801.42.60.6Approaching Top 32.57(-0.88%)31.05-33.8174.12   0%-40% 
8Jan_6_202129.56 (0.5%)30.24 (0.9%)30.55 (1.4%) 30.66 31.13(0%)32.15(6.25%)31.36-32.622.6(2.8)1.4 2.2%0.8%-3.4%0.46% Growing Uptrend  Lower(-5.9%)8791.13-0.8Overbought 31.12(-3.2%)30.17-32.55106.67   0%-37% 
9Jan_5_202129.4 (0.5%)29.98 (1.1%)30.12 (0.1%) 30.16 30.22(0%)30.26(0.77%)29.91-30.541.1(1.3)-0.5 0.1%0.4%0%0.42% Growing Uptrend  Range(0.5%)8740.91.3-0.3Uptrend 30.36(0.33%)30.1-30.4748.38   -0.2%-28.9% 
10Jan_4_202129.34 (0.5%)29.83 (1.1%)30.09 (0%) 30.12 30.18(0%)30.03(-0.92%)29.75-30.570.9(1.1)-0.7 0.1%0.3%0%0.42% Growing Uptrend  Range(0.9%)7670.81.3-0.7Uptrend 30.14(0.35%)29.91-30.2351.37   -0.9%-28% 
 
11Dec_31_202029.29 (0.6%)29.72 (1.2%)30.08 (0.2%) 30.13 30.1(0%)30.31(1.1%)29.9-30.391.5(1.7)-0.9 0.1%0.4%0%0.42% Growing Uptrend  Range(0.5%)8610.81.31.1Uptrend 30.39(0.25%)30.12-30.528.66   0%-29.1% 
12Dec_30_202029.22 (0.6%)29.56 (1.2%)30.03 (0.5%) 30.1 30.06(0%)29.98(-0.1%)29.94-30.221.1(1.3)-0.6 %0.4%0%0.4% Growing Uptrend  Range(0.5%)9620.71.10.9Growing Uptrend 30.09(0.38%)29.85-30.1626.31   -0.5%-27.7% 
13Dec_29_202029.15 (0.7%)29.43 (1.1%)29.87 (0.2%) 30.04 30.15(0%)30.01(-0.4%)29.93-30.251.3(1.6)0.4 0.2%0.5%0%0.36% Growing Uptrend  Range(0.9%)9600.71.31.2Growing Uptrend 30.12(0.36%)29.87-30.1833.24   -0.4%-27.9% 
14Dec_28_202029.06 (0.7%)29.26 (0.9%)29.82 (1%) 29.88 30.14(0%)30.13(0.57%)29.99-30.551.7(1.9)0.9 0.8%0.4%0%0.34% Growing Uptrend  Range(1.2%)8590.71.60.8Growing Uptrend 30.23(0.33%)29.94-30.332.59   0%-28.4% 
15Dec_24_202029 (0.9%)29.1 (0.6%)29.53 (0.8%) 29.68 29.92(0%)29.96(-0.3%)29.74-30.271.8(2)1.8 1%0.3%0%0.22% Growing Uptrend  Higher(1.5%)7550.61.81Relative Overbought 29.8(-0.52%)29.43-30.1122.63   -0.3%-28.4% 
 
16Dec_23_202028.94 (1.1%)29 (0.4%)29.3 (0.9%) 29.37 29.63(0%)30.05(2.88%)29.33-30.352.3(2.6)2.2 0.8%0.4%-0.9%0.18% Growing Uptrend  Lower(-1.4%)6600.62.51Growing Uptrend 30.08(0.1%)29.85-30.1452.37   0%-29.2% 
17Dec_22_202028.88 (1.3%)28.86 (0%)29.03 (0.4%) 29.11 29.44(0%)29.21(-1.78%)29.17-29.780.8(0.9)0.1 0.9%0.2%0%0.1% Uptrend Dip  Higher(2%)5510.50.91.2N/A 29.17(-0.15%)29.05-29.2639.02   -1.8%-25.6% 
18Dec_21_202028.8 (0.9%)28.83 (-0.1%)28.92 (1.1%) 28.91 29.1(0%)29.74(3.73%)28.73-29.991.8(2)2.8 1%0.3%0%0.08% Growing Uptrend  Range(1.3%)4610.62.20.1Growing Uptrend 29.75(0.02%)29.57-29.7992.88   0%-27.9% 
19Dec_18_202028.66 (0.5%)28.75 (-0.2%)28.62 (0.1%) 28.69 28.79(0%)28.67(-0.55%)28.57-29.10.1(0)2.8 0.2%-0.1%0%0.02% N/A  Range(0.4%)4580.8-0.31.9Correction 28.65(-0.07%)28.61-28.780.82   -2.1%-23.3% 
20Dec_17_202028.58 (0.5%)28.81 (-0.1%)28.6 (-0.2%) 28.63 28.72(0%)28.83(0.38%)28.53-28.920.3(0.4)2.8 0.2%0.1%0%0.02% Growing Uptrend  Range(0.3%)4480.9-0.41.8Correction 28.77(-0.21%)28.69-28.8642.33   -1.6%-23.9% 
 
21Dec_16_202028.5 (0.4%)28.82 (-0.1%)28.65 (-0.1%) 28.59 28.6(0%)28.72(0.28%)28.44-28.820.3(0.3)2.5 0.1%-0%0%0.04% N/A  Range(0.1%)4471-0.22.2Correction 28.65(-0.24%)28.56-28.7642.43   -1.9%-23.5% 
22Dec_15_202028.44 (0.4%)28.85 (-0.1%)28.67 (-0.2%) 28.62 28.54(0%)28.64(1.49%)28.25-28.820.3(0.3)2.2 -0.2%0%0%0.04% Downtrend Reversal  Range(-0.2%)4471.1-0.32.3Correction 28.57(-0.24%)28.48-28.6843.66   -2.2%-23.1% 
23Dec_14_202028.39 (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%)4611.1-0.41.4Uptrend Consolidation 28.26(0.15%)28.26-28.2740.16   -3.7%-21.3% 
24Dec_11_202028.34 (0.6%)28.87 (0.3%)28.9 (-0.5%) 28.84 28.7(0%)28.57(-1.86%)28.3-28.750.3(0.3)0.5 -0.6%-0%0%0.26% Downtrend Reversal  Range(0.3%)5681.20.21.5Uptrend Consolidation 28.5(-0.24%)28.44-28.6940.13   -2.5%-22.8% 
25Dec_10_202028.25 (0.7%)28.91 (0.6%)29.04 (0.1%) 28.93 28.92(0%)29.11(1.08%)28.47-29.130.9(0.9)0.4 -0.2%0.1%0%0.42% Uptrend Consolidation  Range(-0.1%)6711.31.11.4Uptrend 29.29(0.63%)28.94-29.4558.06   -0.6%-25.2% 
iDateema20(Trend)ema10(Trend) ema5(Trend) Slow Hourly
Trend
Fast Hourly
Trend
CloseActualPriceRangeBBVHourly
BBV
Daily
Moving
Force
Weekly
Trend
Force
Reversal
Force
TrendTrend
Pattern
Next
Direction
CRSIScaleRVVIXCDTrend-Narrative  NextDay
PriceTarget  
NextDayPriceRangeVolume
millions
To High-Low
 
 
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