The Greedy Trader Weekly Analysis
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Number of records: 8
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Bank of America Corp.
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Summary:
Weekly :Lane's Stochastic is overboughtBroken trend resistance lineBroken trend resistance line
Daily :Broken trend support lineThe price has fallen below the Parabolic SARThe price is close to the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
Move cursor over the icon to see details.

It was the negative week for the Bank of America Corp. (BAC). During the week, the BAC gave back -0.07 points, or -0.23%, and closed at 30.86 on Friday, September 07, 2018. Weekly volume was -31% below average.

Long-term trend: [See BAC long-term trend chart]
A long-term uptrend had started on February 20, 2009 at 2.53 and reached 33.05 on March 12, 2018. BAC gained -30.52 points, or -1206.32%, in 472 weeks. The chart has formed a Rising Pennant chart pattern. The uptrend resistance line (13.88) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a long-term trend.

Medium-term trend: [See BAC medium-term trend chart]
A medium-term downtrend had started on March 12, 2018 at 33.05 and reached 27.63 on July 6, 2018. BAC lost 5.42 points, or 16.40%, in 16 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (26.83) is broken. A broken support is considered to be a long-term bullish signal. 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See BAC weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since August 3, 2018. The distance between MACD and the signal line is low and getting smaller. 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 July 6, 2018 at 27.63 and reached 31.91 on August 8, 2018. BAC gained -4.28 points, or -15.49%, in 33 days. The chart has formed a Rising Pennant chart pattern. The uptrend support line (31.61) is broken. A broken support is considered to be a long-term bearish signal. 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 short-term trend.

Daily Technical Indicators: [See BAC daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since August 10, 2018. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.

The price is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (3.11%) is close to one year low (3.98%). It is 64.83% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.16
Williams' Percentage Range (W%R) 36.80
Lane's Stochastic (%D-Slow) 42.76
Greed/Fear Indicator (GFI) 53.02
Moving Average Converg./Diverg. (MACD) 0.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.28
Williams' Percentage Range (W%R) 21.30
Lane's Stochastic (%D-Slow) 80.87
Overbought
Greed/Fear Indicator (GFI) 70.99
Moving Average Converg./Diverg. (MACD) 0.33
Trading Signals
Description Value Chart
Weekly Trendline Support 31.61
Parabolic System 31.52
Upper Bollinger Band 31.43
Weekly Trendline Resistance 31.23
Weekly Stochastic Crossing 31.06
Daily Stochastic Crossing 30.97
20 Day Moving Average 30.93
Price 30.86
Lower Bollinger Band 30.47
50 Day Moving Average 30.37
Monthly Trendline Resistance 28.36
Monthly Trendline Support 26.83
Sector and Industry
Description Name Rank
Sector Financial 6
Industry Money Center Banks 106
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 30.16
Low Date 08/15/2018
High 31.49
High Date 08/27/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Support
Resistance 31.23
Support 31.61
Low 27.63
Low Date 07/06/2018
High 31.91
High Date 08/08/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 28.36
Support 26.83
High 33.05
High Date 03/12/2018
Low 27.63
Low Date 07/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 10.99
Low Date 02/11/2016
High 33.05
High Date 03/12/2018
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Resistance
Resistance 17.66
Support 13.88
Low 2.53
Low Date 02/20/2009
High 33.05
High Date 03/12/2018
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.

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