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Leisure Facilities Industry Stocks Technical Analysis - BACArchive
- 4/2/2026 -
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Bank of America Corp. (BAC) Technical Analysis
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| Summary:
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| | It was a first positive week for the Bank of America Corp. (BAC). During the week, the BAC gained 2.41 points, or 5.13%, and closed at 49.38 on Thursday, April 2, 2026. It was the best weekly gain since February 6, 2026. Weekly volume was -6% below average.
BAC is a member of Financials Sector. Financials is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See BAC long-term trend chart]
A long-term uptrend had started on April 9, 2025 at 33.07 and reached 57.55 on January 5, 2026. BAC gained -24.48 points, or -74.02%, in 38 weeks. The price is now at the 33.37% retracement level.
 Medium-term trend: [See BAC medium-term trend chart]
A medium-term downtrend had started on January 5, 2026 at 57.55 and reached 46.12 on March 19, 2026. BAC lost 11.43 points, or 19.86%, in 10 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 44.63 and resistance is at 55.75. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See BAC weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since January 9, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
Short-term trend: [See BAC short-term trend chart]
A short-term uptrend had started on March 19, 2026 at 46.12 and reached 50.05 on April 1, 2026. BAC gained -3.93 points, or -8.52%, in 13 days. The price is now at the 17.05% retracement level.
 Daily Technical Indicators: [See BAC daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since March 20, 2026. This is an indication that the short-term trend is up.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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