Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BAC
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Green day on Thursday for Bank of America stock after gaining 0.291%
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 15, 2024 Gain 11.30% PDF

The Bank of America stock price gained 0.291% on the last trading day (Thursday, 28th Mar 2024), rising from $37.81 to $37.92. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.56% from a day low at $37.42 to a day high of $38.00. The price has risen in 7 of the last 10 days and is up by 6.25% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 million more shares were traded than the day before. In total, 42 million shares were bought and sold for approximately $1.60 billion.

The stock has broken the strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $37.58, a level that may pose a second chance to hit a runner. According to fan-theory $40.30 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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BAC Signals & Forecast

Mostly positive signals in the chart today. The Bank of America stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $37.28 and $35.12. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 15.79%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Bank of America stock

On the downside, the stock finds support just below today's level from accumulated volume at $33.61 and $33.55. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Bank of America finds support just below today's level at $33.61. If this is broken, then the next support from accumulated volume will be at $33.55 and $32.80.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.585 between high and low, or 1.56%. For the last week, the stock has had daily average volatility of 1.43%.

Our recommended stop-loss: $36.58 (-3.54%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (BAC) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Bank of America Corporation to open at $37.78, and during the day (based on 14 day Average True Range), to move between $37.24 and $38.60, which gives a possible trading interval of +/-$0.679 (+/-1.79%) up or down from last closing price. If Bank of America Corporation takes out the full calculated possible swing range there will be an estimated 3.58% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $33.61, some $4.31 (11.37%) from the current price of $37.92, our system finds the risk reward attractive.

Is Bank of America Corporation stock A Buy?

Bank of America holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 5.781 Strong Buy Candidate Unchanged

Predicted Opening Price for Bank of America Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$37.78 ( 0.374%) $37.92

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BAC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 38.36 1.17 %
R2 38.14 0.580 %
R1 38.00 0.216 %
Current price: 37.92
Support S1 37.55 -0.96 %
S2 37.42 -1.33 %
S3 37.19 -1.92 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 37.92
Support S1 33.61 -11.37%
S2 33.55 -11.52%
S3 32.80 -13.50%

BAC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 31, 2024 Feb 29, 2024 Mar 29, 2024 $0.240 0.633%
2 Oct 18, 2023 Nov 30, 2023 Dec 29, 2023 $0.240 0.713%
3 Jul 19, 2023 Aug 31, 2023 Sep 29, 2023 $0.240 0.88%
4 Apr 26, 2023 Jun 01, 2023 Jun 30, 2023 $0.220 0.767%
5 Feb 01, 2023 Mar 02, 2023 Mar 31, 2023 $0.220 0.769%

FAQ

What is the symbol for Bank of America Stock and on which exchange is it traded?
The symbol for Bank of America is BAC and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Bank of America Stock?
Bank of America holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

How to buy Bank of America Stock?
Bank of America Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Bank of America Stock.

What's the current price of Bank of America Stock?
As of the end of day on the 2024-03-28, the price of an Bank of America (BAC) share was $37.92.

What is the 52-week high and low for Bank of America Stock?
The 52-week high for Bank of America Stock is $38.00 and the 52-week low is $24.96.

What is the market capitalization of Bank of America Stock?
As of the 2024-03-28, the market capitalization of Bank of America is 298.531B.

When is the next earnings date for Bank of America?
The upcoming earnings date for Bank of America is Apr 16, 2024.
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About Bank of America Corporation

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; a... BAC Profile

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