The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 6/27/2025 -
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Bank of America Corp. (BAC) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are strongly overboughtTrend resistance at 47.76
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtDaily  MACD line has moved above its signal line
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It was a second consecutive positive week for the Bank of America Corp. (BAC). During the week, the BAC gained 1.62 points, or 3.56%, and closed at 47.12 on Friday, June 27, 2025. Weekly volume was 13% 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 downtrend had started on November 29, 2024 at 48.08 and reached 33.07 on April 9, 2025. BAC lost 15.01 points, or 31.22%, in 18 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The price is near the trend resistance line (47.76). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See BAC medium-term trend chart]
A medium-term uptrend had started on April 9, 2025 at 33.07 and reached 47.67 on June 27, 2025. BAC gained -14.60 points, or -44.15%, in 11 weeks. Price is near the trend high.

Weekly Technical Indicators: [See BAC weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. 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 weekly MACD line is above its signal line since May 16, 2025. This is an indication that the medium-term trend is up. 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 June 13, 2025 at 43.66 and reached 47.67 on June 27, 2025. BAC gained -4.01 points, or -9.18%, in 14 days. The price is now at the 13.72% retracement level.

Daily Technical Indicators: [See BAC daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.94
Williams' Percentage Range (W%R) 5.10
Strong Overbought
Lane's Stochastic (%D-Slow) 90.89
Strong Overbought
Greed/Fear Indicator (GFI) 85.24
Overbought
Moving Average Converg./Diverg. (MACD) 0.85
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.10
Williams' Percentage Range (W%R) 3.50
Strong Overbought
Lane's Stochastic (%D-Slow) 93.35
Strong Overbought
Greed/Fear Indicator (GFI) 82.55
Overbought
Moving Average Converg./Diverg. (MACD) 0.01
Trading Signals
Description Value Chart
Monthly Trendline Resistance 47.76
Upper Bollinger Band 47.39
Daily Stochastic Crossing 47.28
Weekly Stochastic Crossing 47.22
Price 47.12
Parabolic System 45.68
20 Day Moving Average 45.18
Lower Bollinger Band 43.14
50 Day Moving Average 43.04
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Diversified Banks 109
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 43.66
Low Date 06/13/2025
High 47.67
High Date 06/27/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 33.07
Low Date 04/09/2025
High 47.67
High Date 06/27/2025
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Test Resistance
Resistance 47.76
Support 25.79
High 48.08
High Date 11/29/2024
Low 33.07
Low Date 04/09/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 24.96
Low Date 10/27/2023
High 48.08
High Date 11/29/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2.53
Low Date 02/20/2009
High 50.11
High Date 02/10/2022
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.