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 20 and 50 days SMA & above 100 days SMA.

RSI is in over sold zone which indicates mild bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 33.54 & 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 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 35.89 & the resistance level is at 37.37.

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

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 36.46, TAKE PROFIT AT 35.89 AND STOP LOSS AT 37.37