Country Icon

Bank of America Corporation (BAC) - Buy, Sell or Hold?

Sector: Finance   Sub-Sector: Major Banks
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Wed, 28 Jun 2017NoneDojiThu, 15 Jun 20171.44%
***Stock database and scans are updated around midnight (New York time) every trading day.
27.55 0.00 (0%) Nov 01 3:18pm EST
Open: 27.64 Range: 27.36 - 27.73 Vol: 38.53M Avg Vol: 64.85M
EPS: 1.75 P/E ratio: 15.68 EBITDA: 0.00 Mkt Cap: 288.05B
Analyze "BAC" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 23.64
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 23.18
Last Trade is above the 50 day moving average at 23.33
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 21.22
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of BAC

Stock Trend Analysis - Buy, Sell or Hold "Bank of America Corporation" (BAC)?

BAC is in a very strong uptrend. In the last 52 weeks, BAC has been trading above the 200 day moving average for 83% of the time with an average daily volume of 64.9M shares being traded. The 50 day moving average, currently at 23.33, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average, although in a trading range, generally confirms this view as the underlying strength in BAC still has a bullish bias with price maintaining above the 20 SMA for 57.5% of the time in the last two months of trading. Traders who are thinking of going long BAC shares should consider patiently waiting for price to be near the 50 or 200 SMAs, currently at 23.33 and 21.22 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "BAC".

The analyst consensus estimates for the 1 year price target for this stock is $28.12* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Wed, 28 Jun 2017
Finance Stocks Above 200 Day Moving-Average
TickerNameTrend AnalysisSupport/Resistance
SBBXSussex BancorpBuy, Sell or HoldTrading Levels & Pivots
HCSGHealthcare Services Group, Inc.Buy, Sell or HoldTrading Levels & Pivots
BUSEFirst Busey CorporationBuy, Sell or HoldTrading Levels & Pivots
FIBKFirst Interstate BancSystem, Inc.Buy, Sell or HoldTrading Levels & Pivots
OCFCOceanFirst Financial Corp.Buy, Sell or HoldTrading Levels & Pivots
HAFCHanmi Financial CorporationBuy, Sell or HoldTrading Levels & Pivots
CHFCChemical Financial CorporationBuy, Sell or HoldTrading Levels & Pivots
PBIPPrudential Bancorp, Inc. of PennsylvaniaBuy, Sell or HoldTrading Levels & Pivots
GGALGrupo Financiero Galicia S.A.Buy, Sell or HoldTrading Levels & Pivots
SIVBSVB Financial GroupBuy, Sell or HoldTrading Levels & Pivots