|
|
Diversified Banks Industry Stocks Technical Analysis - BACArchive
- 6/5/2026 -
Sign In to see current Signals. |
Bank of America Corp. (BAC) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week for the Bank of America Corp. (BAC). During the week, the BAC gained 2.23 points, or 4.32%, and closed at 53.83 on Friday, June 5, 2026. It was the best weekly gain since April 10, 2026. Weekly volume was 14% above average.
BAC is a member of Financials Sector. Financials is the most overbought 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 October 27, 2023 at 24.96 and reached 57.55 on January 5, 2026. BAC gained -32.59 points, or -130.57%, in 114 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 39.57 and resistance is at 61.19. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 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 price is now at the 67.45% retracement level.
 Weekly Technical Indicators: [See BAC weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.
 Short-term trend: [See BAC short-term trend chart]
A short-term downtrend had started on April 15, 2026 at 55.40 and reached 49.30 on May 15, 2026. BAC lost 6.10 points, or 11.01%, in 30 days. The chart has formed a Broadening Descending Wedge chart pattern.
 Daily Technical Indicators: [See BAC daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since May 28, 2026.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
| |
|
|