US stock / ETF

Bank of America Corporation

BAC · NYSE · USD

1 monthBullish92%
Monthly Upside probability 92%Bullish

BAC 1M chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Monthly: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $24.96 and reclaim $59.2.

Invalidation Trigger

Lose $24.96 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Monthly
Momentum StateBullish
Momentum improving

RSI 66.4, MACD 0.145

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $5.4 (9.34%)

Monthly

EMA Structure

Bullish
EMA 8$52.73Bullish
EMA 21$48.79Bullish
EMA 50$43.44Bullish

Signals

CategoryReadStrength
Momentum
RSI 66.4 · MACD 0.145

Momentum is strong

Strength
Bullish
Volatility
ATR $5.4 · BB 37.22%

High volatility

Strength
Bearish
Volume
MFI 67.0 · OBV 35.98%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$24.96 - $59.2

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+11.73% · 1.3 ATR above latest close

$64.59
Nearest resistance

+2.4% · 0.3 ATR above · 34-bar high

$59.2
Current price

Price shown is delayed

$57.81
Nearest support

-56.82% · 6.1 ATR below · 34-bar low

$24.96
Deeper support zone

-66.16% · 7.1 ATR below latest close

$19.56
ATR zone

Latest close ± ATR14

$52.41 - $63.21

Indicators

Trend

Dow Theory Structure

Confirmation $57.55, invalidation $46.12

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

18.7 / 32.4 / 9.1Bullish
Supertrend (10,3)

Price is above Supertrend

$38.45Bullish
Ichimoku Cloud

Cloud Span A / Span B

$49.39 / $42.08Bullish
Donchian Channel (20)

20-period breakout channel position

95%Bullish

Volatility

ATR (14)

High volatility

$5.4 (9.34%)Bearish
Bollinger Bands (20,2)

Width 37.22%

97%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$60.13 / $38.02Bearish
ATR channel lower / upper

Current Volatility Envelope

$52.41 / $63.21Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$59.2Range
Support

Nearest Downside Decision Level

$24.96Range

Momentum

RSI (14)

Momentum is strong

66.4Bullish
MACD (12,26,9)

Histogram is positive

0.145Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

92.9 / 84.0Bullish
Williams %R (14)

Overbought zone

-7.1Bearish
CCI (20)

Strong expansion

124.8Bullish
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

67.0Bullish
OBV slope

20-period OBV slope

35.98%Bullish
Volume ratio

Relative to 20-period average volume

1.13xBullish

Trend

Dow Theory Structure

Confirmation $57.55, invalidation $46.12

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

18.7 / 32.4 / 9.1Bullish
Supertrend (10,3)

Price is above Supertrend

$38.45Bullish
Ichimoku Cloud

Cloud Span A / Span B

$49.39 / $42.08Bullish
Donchian Channel (20)

20-period breakout channel position

95%Bullish

Momentum

RSI (14)

Momentum is strong

66.4Bullish
MACD (12,26,9)

Histogram is positive

0.145Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

92.9 / 84.0Bullish
Williams %R (14)

Overbought zone

-7.1Bearish
CCI (20)

Strong expansion

124.8Bullish
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

High volatility

$5.4 (9.34%)Bearish
Bollinger Bands (20,2)

Width 37.22%

97%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$60.13 / $38.02Bearish
ATR channel lower / upper

Current Volatility Envelope

$52.41 / $63.21Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

67.0Bullish
OBV slope

20-period OBV slope

35.98%Bullish
Volume ratio

Relative to 20-period average volume

1.13xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$59.2Range
Support

Nearest Downside Decision Level

$24.96Range

Related Forecasts