The Greedy Trader Weekly Analysis
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- 7/10/2026 -
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Bank of America Corp. (BAC) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range is overbought
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It was a sixth consecutive positive week for the Bank of America Corp. (BAC). During the week, the BAC gained 0.94 points, or 1.60%, and closed at 59.67 on Friday, July 10, 2026. Weekly volume was -23% 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 March 19, 2026 at 46.12 and reached 60.83 on July 7, 2026. BAC gained -14.71 points, or -31.90%, in 15 weeks. The price is now at the 7.89% 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 60.83 on July 7, 2026. BAC gained -11.53 points, or -23.39%, in 7 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 58.68 and resistance is at 61.55. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See BAC weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly 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 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 July 8, 2026 at 58.30 and reached 59.87 on July 10, 2026. BAC gained -1.57 points, or -2.69%, in 2 days. The price is now at the 12.74% retracement level.

Daily Technical Indicators: [See BAC daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

The daily MACD line is above its signal line since May 28, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.36
Williams' Percentage Range (W%R) 17.50
Overbought
Lane's Stochastic (%D-Slow) 68.52
Greed/Fear Indicator (GFI) 73.12
Moving Average Converg./Diverg. (MACD) 1.49
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.10
Williams' Percentage Range (W%R) 8.10
Strong Overbought
Lane's Stochastic (%D-Slow) 87.99
Overbought
Greed/Fear Indicator (GFI) 79.72
Moving Average Converg./Diverg. (MACD) 0.73
Trading Signals
Description Value Chart
Weekly Trendline Resistance 61.55
Upper Bollinger Band 60.15
Price 59.67
Weekly Stochastic Crossing 59.66
Daily Stochastic Crossing 59.27
Weekly Trendline Support 58.68
Parabolic System 58.33
20 Day Moving Average 57.73
Lower Bollinger Band 54.82
50 Day Moving Average 54.33
Sector and Industry
Description Name Rank
Sector Financials 12
Industry Diversified Banks 114
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 58.30
Low Date 07/08/2026
High 59.87
High Date 07/10/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 61.55
Support 58.68
Low 49.30
Low Date 05/15/2026
High 60.83
High Date 07/07/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 46.12
Low Date 03/19/2026
High 60.83
High Date 07/07/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 24.96
Low Date 10/27/2023
High 60.83
High Date 07/07/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2.53
Low Date 02/20/2009
High 60.83
High Date 07/07/2026
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.