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Archive
- 5/29/2026 -
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Bank of America Corp. (BAC) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Bank of America Corp. (BAC). During the week, the BAC gave back -0.20 points, or -0.39%, and closed at 51.60 on Friday, May 29, 2026. Weekly volume was 21% above average.
BAC is a member of Financials Sector. Financials is the second 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 39.45 and resistance is at 61.02. 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 chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 38.84 and resistance is at 54.44. 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 technical indicators are neutral.
The weekly MACD line is below its signal line since May 8, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
Price is close to the 50 Day Moving Average. 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.
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