The Greedy Trader Weekly Analysis
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Number of records: 10
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Bank of America Corp.
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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :The price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was a first positive week for the Bank of America Corp. (BAC). During the week, the BAC gained 0.77 points, or 2.61%, and closed at 30.23 on Friday, October 05, 2018. It was the best weekly gain since July 27, 2018. Weekly volume was -14% 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 (13.98) 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 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 4 weeks. The chart has formed a Rising Pennant chart pattern. The uptrend support line (33.41) 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 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 September 21, 2018. The distance between MACD and the signal line is low, but getting bigger. 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 August 8, 2018 at 31.91 and reached 29.27 on October 2, 2018. BAC lost 2.64 points, or 8.27%, in 55 days. The chart has formed a Ascending Triangle chart pattern.

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

The daily MACD line is below its signal line since September 24, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.39
Williams' Percentage Range (W%R) 36.70
Lane's Stochastic (%D-Slow) 35.13
Greed/Fear Indicator (GFI) 49.28
Moving Average Converg./Diverg. (MACD) -0.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.50
Williams' Percentage Range (W%R) 30.60
Lane's Stochastic (%D-Slow) 47.39
Greed/Fear Indicator (GFI) 57.21
Moving Average Converg./Diverg. (MACD) 0.33
Trading Signals
Description Value Chart
Weekly Trendline Support 33.41
Upper Bollinger Band 31.30
50 Day Moving Average 30.79
Weekly Trendline Resistance 30.59
20 Day Moving Average 30.36
Price 30.23
Weekly Stochastic Crossing 30.15
Daily Stochastic Crossing 29.89
Lower Bollinger Band 29.37
Parabolic System 29.27
Sector and Industry
Description Name Rank
Sector Financial 3
Industry Money Center Banks 65
Daily Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
High 31.91
High Date 08/08/2018
Low 29.27
Low Date 10/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Support
Resistance 30.59
Support 33.41
Low 27.63
Low Date 07/06/2018
High 31.91
High Date 08/08/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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 17.64
Support 13.98
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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