US stock / ETF

Bank of America Corporation

BAC · NYSE · USD

1 weekBullish92%
Weekly Upside probability 92%Bullish

BAC 1W chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Weekly: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $46.12 and reclaim $65.2.

Invalidation Trigger

Lose $46.12 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Weekly
Momentum StateBullish
Momentum improving

RSI 61.9, MACD 0.488

Weekly
Volatility EnvironmentRange
Medium volatility

ATR is $2.46 (4.03%)

Weekly

EMA Structure

Bullish
EMA 8$61.22Bearish
EMA 21$58.01Bullish
EMA 50$54.23Bullish

Signals

CategoryReadStrength
Momentum
RSI 61.9 · MACD 0.488

Momentum is strong

Strength
Bullish
Volatility
ATR $2.46 · BB 31.85%

Medium volatility

Strength
Range
Volume
MFI 87.7 · OBV 12.72%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$46.12 - $65.2

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+10.62% · 2.6 ATR above latest close

$67.66
Nearest resistance

+6.59% · 1.6 ATR above · 34-bar high

$65.2
Current price

Price shown is delayed

$61.17
Nearest support

-24.61% · 6.1 ATR below · 34-bar low

$46.12
Deeper support zone

-28.64% · 7.1 ATR below latest close

$43.65
ATR zone

Latest close ± ATR14

$58.71 - $63.63

Indicators

Trend

Dow Theory Structure

Confirmation $65.2, invalidation $49.3

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

Trend strength is active

60.1 / 38.4 / 5.5Bullish
Supertrend (10,3)

Price is above Supertrend

$54.65Bullish
Ichimoku Cloud

Cloud Span A / Span B

$58.34 / $55.66Bullish
Donchian Channel (20)

20-period breakout channel position

75%Bullish

Volatility

ATR (14)

Medium volatility

$2.46 (4.03%)Range
Bollinger Bands (20,2)

Width 31.85%

72%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$63.06 / $53.35Range
ATR channel lower / upper

Current Volatility Envelope

$58.71 / $63.63Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$65.2Range
Support

Nearest Downside Decision Level

$46.12Range

Momentum

RSI (14)

Momentum is strong

61.9Bullish
MACD (12,26,9)

Histogram is positive

0.488Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

72.4 / 81.7Bearish
Williams %R (14)

Neutral zone

-27.6Range
CCI (20)

Balanced zone

75.3Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

87.7Bullish
OBV slope

20-period OBV slope

12.72%Bullish
Volume ratio

Relative to 20-period average volume

0.80xBearish

Trend

Dow Theory Structure

Confirmation $65.2, invalidation $49.3

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

Trend strength is active

60.1 / 38.4 / 5.5Bullish
Supertrend (10,3)

Price is above Supertrend

$54.65Bullish
Ichimoku Cloud

Cloud Span A / Span B

$58.34 / $55.66Bullish
Donchian Channel (20)

20-period breakout channel position

75%Bullish

Momentum

RSI (14)

Momentum is strong

61.9Bullish
MACD (12,26,9)

Histogram is positive

0.488Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

72.4 / 81.7Bearish
Williams %R (14)

Neutral zone

-27.6Range
CCI (20)

Balanced zone

75.3Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

Medium volatility

$2.46 (4.03%)Range
Bollinger Bands (20,2)

Width 31.85%

72%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$63.06 / $53.35Range
ATR channel lower / upper

Current Volatility Envelope

$58.71 / $63.63Range

Volume / Money Flow

MFI (14)

Money flow is strong

87.7Bullish
OBV slope

20-period OBV slope

12.72%Bullish
Volume ratio

Relative to 20-period average volume

0.80xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$65.2Range
Support

Nearest Downside Decision Level

$46.12Range

Related Forecasts