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S&P 500 Oversold StocksArchive
- 4/4/2025 -
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Bank of America Corp. (BAC) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Bank of America Corp. (BAC). During the week, the BAC dropped -6.86 points, or -16.63%, and closed at 34.39 on Friday, April 4, 2025. Weekly volume was 75% above average.
 Long-term trend: [See BAC long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 24.96 and reached 48.08 on November 29, 2024. BAC gained -23.12 points, or -92.63%, in 57 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (43.99) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. BAC may retest the broken support line. It is considered to be a resistance line now. 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 long-term trend.
 Medium-term trend: [See BAC medium-term trend chart]
A medium-term downtrend had started on February 6, 2025 at 47.98 and reached 33.67 on April 4, 2025. BAC lost 14.31 points, or 29.82%, in 8 weeks. The price is now at the 5.03% retracement level.
 Weekly Technical Indicators: [See BAC weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since February 7, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 March 26, 2025 at 43.72 and reached 33.67 on April 4, 2025. BAC lost 10.05 points, or 22.99%, in 9 days. The price is now at the 7.16% retracement level.
Daily Technical Indicators: [See BAC daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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 has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands is 141.89% higher then one year average. It indicates the period of high volatility of the stock price. 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.
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