| Symbol:
|
|
|
|
• Symbol Lookup |
|
• View Technical Chart |
|
• Add to Watch List |
|
• Candlestick Patterns |
|
• Stock
Technical Indicators |
|
• Stock Trends Analysis |
|
• Market Sector Rank |
|
• Stock Trading
Signals |
|
| Relative Strength Index (RSI Indicator) |
| The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful. |
Relative strength index- rsi indicator and overbought oversold index. |
relative strength index,relative strength,overbought oversold index,rsi indicator |
RSI divergence - Bullish Bearish. |
rsi divergence,Bullish,Bearish,bullish stocks,Bullish Divergence,Bearish Divergence,stock market |
|
|
|
|
|
|
Bank of America Corp. (BAC) |
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a second positive week after 3 consecutive negative weeks for the Bank of America Corp. (BAC). During the week, the BAC climbed 0.20 points, or 0.71%, and closed at 28.31 on Friday, May 26, 2023. BAC was trading at average weekly trading volume.
 Long-term trend: [See BAC long-term trend chart]
A long-term downtrend had started on February 10, 2022 at 50.11 and reached 26.32 on March 24, 2023. BAC lost 23.79 points, or 47.48%, in 58 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (32.37) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a long-term trend.
 Medium-term trend: [See BAC medium-term trend chart]
A medium-term downtrend had started on February 7, 2023 at 37.00 and reached 26.32 on March 24, 2023. BAC lost 10.68 points, or 28.86%, in 6 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (27.12) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.
 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 March 3, 2023. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 4, 2023 at 26.83 and reached 29.08 on May 23, 2023. BAC gained -2.25 points, or -8.39%, in 19 days. The price is now at the 34.22% retracement level.
 Daily Technical Indicators: [See BAC daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since May 16, 2023. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 7.49% on Friday. It is 50.24% lower than one year average. It indicates the period of low 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.
Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
| |
|
|