The Greedy Trader Weekly Analysis
Sign In Apr 18, 2019
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 0
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Downtrend exhaustion - Stock Market Timing Signals and trading strategies.
Downtrend exhaustion stock alert presents a stock market trading strategy based on combination of timing signals, technical indicators, trend analysis and pattern recognition. Stock market alert is a warning signal. It indicates that long term downtrend is exhausted and probability of long term trend reversal is high. Downtrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for undervalued stocks. The strategy is based on taking long position on anticipation of downtrend reversal. Downtrend exhaustion timing strategy and stock trading system presents alerts for S&P 500 index members, ETFs and market indices. As S&P 500 trading system it shows excellent results for index timing also.
System trading Stock Market Timing Signals and trading strategies for stocks, ETF and index trading. Presented computer system trading tool includes index timing, market trading strategies, stock trading systems, timing strategies, s&p 500 trading system and stock index trading system for long term trading as well as short term and day trading.
stock market timing,index timing,timing signals,market timing,day trading,market trading strategies,stock trading systems, timing strategies,s&p 500 trading system,free system trading,computer system trading, stock index trading system,,stock alerts,stock market alerts,stock market picks,technical stock pick,stock picking,stock pick,free pick stock,picking stocks,pick stock undervalued,pick stock,long term stock picks
Bank of America Corp.
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Williams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergenceTrend resistance at 30.05
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic bearish divergence
Move cursor over the icon to see details.

It was a third consecutive positive week for the Bank of America Corp. (BAC). During the week, the BAC gained 1.09 points, or 3.75%, and closed at 30.17 on Friday, April 12, 2019. Weekly volume was -18% below average.

Long-term trend: [See BAC long-term trend chart]
A long-term downtrend had started on March 12, 2018 at 33.05 and reached 22.66 on December 24, 2018. BAC lost 10.39 points, or 31.44%, in 41 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (30.05). 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 December 24, 2018 at 22.66 and reached 30.22 on April 12, 2019. BAC gained -7.56 points, or -33.36%, in 15 weeks. Price is near the trend high.

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. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 January 18, 2019. 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 March 25, 2019 at 26.61 and reached 30.22 on April 12, 2019. BAC gained -3.61 points, or -13.57%, in 18 days. Price is near the trend high.

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. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since April 2, 2019. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 87.42
Overbought
Williams' Percentage Range (W%R) 18.30
Overbought
Lane's Stochastic (%D-Slow) 82.84
Overbought Bearish
Greed/Fear Indicator (GFI) 83.99
Overbought
Moving Average Converg./Diverg. (MACD) 0.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.48
Williams' Percentage Range (W%R) 8.70
Strong Overbought
Lane's Stochastic (%D-Slow) 59.84
Bearish
Greed/Fear Indicator (GFI) 68.68
Moving Average Converg./Diverg. (MACD) -0.13 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 30.76
Price 30.17
Quarterly Trendline Resistance 30.05
Daily Stochastic Crossing 29.94
50 Day Moving Average 28.76
20 Day Moving Average 28.51
Weekly Stochastic Crossing 28.51
Parabolic System 28.45
Lower Bollinger Band 26.84
Sector and Industry
Description Name Rank
Sector Financial 6
Industry Money Center Banks 54
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 28.74
Low Date 04/09/2019
High 30.22
High Date 04/12/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 26.61
Low Date 03/25/2019
High 30.22
High Date 04/12/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.66
Low Date 12/24/2018
High 30.22
High Date 04/12/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 30.05
Support 19.50
High 33.05
High Date 03/12/2018
Low 22.66
Low Date 12/24/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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.

Copyright© 2004-2018 All rights reserved.