US stock / ETF

Bank of America Corporation

BAC · NYSE · USD

1 hourRange49%
1h Range probability 98%Range

BAC 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

1h: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Break either side of $57.22 - $59.06 with volume.

Invalidation Trigger

A trend close outside the ATR band changes the range thesis.

Market Context

Trend PhaseBullish
Constructive Trend

Price is below EMA21

1h
Momentum StateBearish
Momentum soft

RSI 48.2, MACD -0.083

1h
Volatility EnvironmentBullish
Low volatility

ATR is $0.3832 (0.66%)

1h

EMA Structure

Bullish
EMA 8$57.96Bearish
EMA 21$57.94Bearish
EMA 50$57.48Bullish

Signals

CategoryReadStrength
Momentum
RSI 48.2 · MACD -0.083

Neutral zone

Strength
Bearish
Volatility
ATR $0.3832 · BB 2.48%

Low volatility

Strength
Bullish
Volume
MFI 55.4 · OBV -3.64%

Relative to 20-period average volume

Strength
Range
Price Levels
$57.22 - $59.06

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+2.86% · 4.3 ATR above latest close

$59.44
Nearest resistance

+2.2% · 3.3 ATR above · 34-bar high

$59.06
Current price

Price shown is delayed

$57.79
Nearest support

-0.98% · 1.5 ATR below · 34-bar low

$57.22
Deeper support zone

-1.64% · 2.5 ATR below latest close

$56.84
ATR zone

Latest close ± ATR14

$57.4 - $58.17

Indicators

Trend

Dow Theory Structure

Confirmation $57.6, invalidation $58.27

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

28.2 / 40.4 / 27.3Bullish
Supertrend (10,3)

Price is above Supertrend

$56.8Bullish
Ichimoku Cloud

Cloud Span A / Span B

$58.17 / $57.55Bearish
Donchian Channel (20)

20-period breakout channel position

24%Bearish

Volatility

ATR (14)

Low volatility

$0.3832 (0.66%)Bullish
Bollinger Bands (20,2)

Width 2.48%

33%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$58.61 / $57.3Bullish
ATR channel lower / upper

Current Volatility Envelope

$57.4 / $58.17Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$59.06Range
Support

Nearest Downside Decision Level

$57.22Range

Momentum

RSI (14)

Neutral zone

48.2Range
MACD (12,26,9)

Histogram is negative

-0.083Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

13.0 / 23.2Bearish
Williams %R (14)

Oversold zone

-87.0Bullish
CCI (20)

Balanced zone

-57.2Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

55.4Bullish
OBV slope

20-period OBV slope

-3.64%Bearish
Volume ratio

Relative to 20-period average volume

0.63xBearish

Trend

Dow Theory Structure

Confirmation $57.6, invalidation $58.27

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

28.2 / 40.4 / 27.3Bullish
Supertrend (10,3)

Price is above Supertrend

$56.8Bullish
Ichimoku Cloud

Cloud Span A / Span B

$58.17 / $57.55Bearish
Donchian Channel (20)

20-period breakout channel position

24%Bearish

Momentum

RSI (14)

Neutral zone

48.2Range
MACD (12,26,9)

Histogram is negative

-0.083Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

13.0 / 23.2Bearish
Williams %R (14)

Oversold zone

-87.0Bullish
CCI (20)

Balanced zone

-57.2Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

Low volatility

$0.3832 (0.66%)Bullish
Bollinger Bands (20,2)

Width 2.48%

33%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$58.61 / $57.3Bullish
ATR channel lower / upper

Current Volatility Envelope

$57.4 / $58.17Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

55.4Bullish
OBV slope

20-period OBV slope

-3.64%Bearish
Volume ratio

Relative to 20-period average volume

0.63xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$59.06Range
Support

Nearest Downside Decision Level

$57.22Range

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