The Greedy Trader Weekly Analysis
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Diversified Banks Industry Stocks Technical Analysis - BAC

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- 3/6/2026 -
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Bank of America Corp. (BAC) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is oversoldBroken trend support line
Daily :Williams' Percentage Range is oversoldMACD bullish divergence
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It was the negative week for the Bank of America Corp. (BAC). During the week, the BAC dropped -1.19 points, or -2.39%, and closed at 48.64 on Friday, March 6, 2026. BAC was trading at average weekly trading volume.

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 chart has formed a Rising Channel chart pattern. The uptrend support line (54.08) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. BAC may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support 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 47.62 on March 6, 2026. BAC lost 9.93 points, or 17.25%, in 8 weeks. The price is now at the 10.27% retracement level.

Weekly Technical Indicators: [See BAC weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 link to access Williams' Percentage Range 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. 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 February 6, 2026 at 56.87 and reached 47.62 on March 6, 2026. BAC lost 9.25 points, or 16.27%, in 28 days. The chart has formed a Falling Channel chart pattern.

Daily Technical Indicators: [See BAC daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is below its signal line since February 12, 2026. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.01
Williams' Percentage Range (W%R) 89.90
Oversold
Lane's Stochastic (%D-Slow) 28.18
Greed/Fear Indicator (GFI) 23.41
Moving Average Converg./Diverg. (MACD) -0.85 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.89
Williams' Percentage Range (W%R) 90.60
Strong Oversold
Lane's Stochastic (%D-Slow) 32.93
Greed/Fear Indicator (GFI) 28.48
Moving Average Converg./Diverg. (MACD) 1.60
Trading Signals
Description Value Chart
Upper Bollinger Band 55.90
Monthly Trendline Support 54.08
50 Day Moving Average 53.44
20 Day Moving Average 52.15
Weekly Stochastic Crossing 50.28
Parabolic System 50.28
Daily Stochastic Crossing 49.09
Price 48.64
Lower Bollinger Band 47.17
Sector and Industry
Description Name Rank
Sector Financials 3
Industry Diversified Banks 18
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 56.87
High Date 02/06/2026
Low 47.62
Low Date 03/06/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 57.55
High Date 01/05/2026
Low 47.62
Low Date 03/06/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 59.79
Support 54.08
Low 33.07
Low Date 04/09/2025
High 57.55
High Date 01/05/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 24.96
Low Date 10/27/2023
High 57.55
High Date 01/05/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2.53
Low Date 02/20/2009
High 57.55
High Date 01/05/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.