The Greedy Trader Weekly Analysis
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Diversified Banks Industry Stocks Technical Analysis - BAC

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- 7/31/2026 -
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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 overbought
Daily :The price has fallen below the Parabolic SAR
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It was the negative week for the Bank of America Corp. (BAC). During the week, the BAC gave back -0.10 points, or -0.16%, and closed at 61.95 on Friday, July 31, 2026. It was the worst weekly loss since May 29, 2026. Weekly volume was -16% below 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 April 9, 2025 at 33.07 and reached 62.99 on July 27, 2026. BAC gained -29.92 points, or -90.47%, in 67 weeks. Price is near the trend high.

Medium-term trend: [See BAC medium-term trend chart]
A medium-term uptrend had started on March 19, 2026 at 46.12 and reached 62.99 on July 27, 2026. BAC gained -16.87 points, or -36.58%, in 18 weeks. The price is now at the 6.16% retracement level.

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 29, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 May 15, 2026 at 49.30 and reached 62.99 on July 27, 2026. BAC gained -13.69 points, or -27.77%, in 73 days. The chart has formed a Rising Wedge 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 July 20, 2026. The distance between MACD and the signal line is low, but getting bigger.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.29
Williams' Percentage Range (W%R) 30.80
Lane's Stochastic (%D-Slow) 62.84
Greed/Fear Indicator (GFI) 65.43
Moving Average Converg./Diverg. (MACD) 1.45
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.38
Williams' Percentage Range (W%R) 8.60
Strong Overbought
Lane's Stochastic (%D-Slow) 91.03
Strong Overbought
Greed/Fear Indicator (GFI) 81.66
Overbought
Moving Average Converg./Diverg. (MACD) 1.44
Trading Signals
Description Value Chart
Parabolic System 62.96
Upper Bollinger Band 62.80
Weekly Stochastic Crossing 62.16
Daily Stochastic Crossing 62.09
Price 61.95
20 Day Moving Average 60.88
Lower Bollinger Band 58.36
50 Day Moving Average 57.25
Sector and Industry
Description Name Rank
Sector Financials 12
Industry Diversified Banks 107
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 49.30
Low Date 05/15/2026
High 62.99
High Date 07/27/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 46.12
Low Date 03/19/2026
High 62.99
High Date 07/27/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 33.07
Low Date 04/09/2025
High 62.99
High Date 07/27/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 24.96
Low Date 10/27/2023
High 62.99
High Date 07/27/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2.53
Low Date 02/20/2009
High 62.99
High Date 07/27/2026
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.