Stock Market: BANK OF AMERICA Price Chart, Analysis And Trading Signals

Stock Market: BANK OF AMERICA Price Chart, Analysis And Trading Signals

bank of america technical analysis

BANK OF AMERICA Technical Analysis: Weekly Chart

In the weekly charts, BANK OF AMERICA is trading in a down channel. BANK OF AMERICA is currently trading below all SMA.

RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 33.57 & the resistance level is at 38.47.

BANK OF AMERICA will trade in the down channel until there is trend reversal.

BANK OF AMERICA Technical Analysis: Daily Chart

In the daily charts, BANK OF AMERICA was trading in a down channel. BANK OF AMERICA is currently trading above 20 and 50 days SMA & below 100 days SMA.

RSI is in buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 36.58 & the resistance level is at 38.82.

BANK OF AMERICA was trading in the down channel before there is breakout upside.   

How to Trade BANK OF AMERICA this Week:

BANK OF AMERICA will follow the downtrend until their trend reversal. So, remain bearish on BANK OF AMERICA.

TRADE SUGGESTION- SELL AT 37.09, TAKE PROFIT AT 36.58 AND STOP LOSS AT 38.82

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