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S&P 500 Overbought StocksArchive
- 6/18/2026 -
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Bank of America Corp. (BAC) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a third consecutive positive week for the Bank of America Corp. (BAC). During the week, the BAC climbed 0.18 points, or 0.32%, and closed at 56.20 on Thursday, June 18, 2026. Weekly volume was 16% 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 57.98 on June 17, 2026. BAC gained -33.02 points, or -132.29%, in 137 weeks. The price is now at the 5.39% retracement level.
 Medium-term trend: [See BAC medium-term trend chart]
A medium-term uptrend had started on May 15, 2026 at 49.30 and reached 57.98 on June 17, 2026. BAC gained -8.68 points, or -17.61%, in 4 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 52.63 and resistance is at 58.32. 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 medium-term trend.
 Weekly Technical Indicators: [See BAC weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 above its signal line since May 29, 2026. 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 downtrend had started on June 17, 2026 at 57.98 and reached 56.03 on June 18, 2026. BAC lost 1.95 points, or 3.36%, in 1 days. The price is now at the 8.72% retracement level.
 Daily Technical Indicators: [See BAC daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is above its signal line since May 28, 2026.
A Parabolic SAR (stop and reversal) indicator (55.97) comes close to the price (56.20). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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