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

Sector: Finance   Sub-Sector: Major Banks
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 28 Apr 2017NoneDojiTue, 25 Apr 2017-2.67%
***Stock database and scans are updated around midnight (New York time) every trading day.
23.34 0.00 (0%) Apr 28 4:00pm EDT
Open: 23.57 Range: 23.32 - 23.72 Vol: 69.38M Avg Vol: 98.56M
EPS: 1.63 P/E ratio: 14.34 EBITDA: 0.00 Mkt Cap: 245.45B
Analyze "BAC" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 23.70
Medium Term: Trading is Range Bound
Last Trade is above the 20 day moving average at 23.18
Last Trade is below the 50 day moving average at 23.98
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 19.86
* 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 long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 77% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. The 20 day moving average is also in a trading range but however it has a bearish downside bias. These may be early indications of a trend reversal but it is still too early to confirm. The long term trend remains up and the higher probability trade is to selectively buy the dips. A successful test of the 200 SMA currently near 19.86 would be a good place to start scaling in a long position. 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 $26.05* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 28 Apr 2017
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