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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: [ 30 - 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 BML-PG
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Bank Of America Corporation stock price down 0.578% on Friday
(Updated on Jun 14, 2024)

Hold candidate since Jun 12, 2024 Gain 0.26% PDF

The Bank Of America Corporation stock price fell by -0.578% on the last day (Friday, 14th Jun 2024) from $22.49 to $22.36. During the last trading day the stock fluctuated 1.26% from a day low at $22.21 to a day high of $22.49. The price has been going up and down for this period, and there has been a -2.29% loss for the last 2 weeks. Volume has increased on the last day by 5 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 8 thousand shares were bought and sold for approximately $168.19 thousand.

The stock lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $22.26 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.64% during the next 3 months and, with a 90% probability hold a price between $22.85 and $23.88 at the end of this 3-month period.

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BML-PG Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 0.393%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Bank Of America Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $22.43 and $22.62. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Bank Of America Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The stock had a Golden Star Signal on Friday, January 05, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Friday, January 05, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Bank Of America Corporation stock

Bank Of America Corporation finds support from accumulated volume at $22.33 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.280 between high and low, or 1.26%. For the last week the stock has had daily average volatility of 0.90%.

Our recommended stop-loss: $21.20 (-5.20%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (BML-PG) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Bank Of America Corporation to open at $22.35, and during the day (based on 14 day Average True Range), to move between $22.11 and $22.61, which gives a possible trading interval of +/-$0.255 (+/-1.14%) 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 2.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $22.33 (0.13%) than the resistance at $22.55 (0.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Bank Of America Corporation stock A Buy?

Bank Of America Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.442 Hold/Accumulate Unchanged

Predicted Opening Price for Bank Of America Corporation of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$22.35 ( 0.0298%) $22.36

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

Trading levels for BML-PG

Fibonacci Support & Resistance Levels

Level Price
R3 22.63 1.22%
R2 22.53 0.744%
R1 22.46 0.449%
Price 22.36
S1 22.25 -0.508%
S2 22.18 -0.80%
S3 22.07 -1.28%

Accumulated Volume Support & Resistance Levels

Level Price
R3 22.69 1.48%
R2 22.60 1.07%
R1 22.55 0.85%
Price 22.36
S1 22.33 -0.134%
S2 22.30 -0.268%
S3 22.23 -0.581%

BML-PG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 14, 2024 May 14, 2024 May 28, 2024 $0.397 1.74%
2 Feb 14, 2024 Feb 14, 2024 Feb 14, 2024 $0.400 1.87%
3 Nov 14, 2023 Nov 14, 2023 Nov 28, 2023 $0.400 1.92%
4 Aug 14, 2023 Aug 14, 2023 Aug 14, 2023 $0.388 1.90%
5 May 12, 2023 May 12, 2023 May 12, 2023 $0.357 1.77%

FAQ

What is the symbol for Bank Of America Corporation Stock and on which exchange is it traded?
The symbol for Bank Of America Corporation is BML-PG and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Bank Of America Corporation Stock?
Bank Of America Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Bank Of America Corporation Stock?
Bank Of America Corporation 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 Corporation Stock.

What's the current price of Bank Of America Corporation Stock?
As of the end of day on the Jun 14, 2024, the price of an Bank Of America Corporation (BML-PG) share was $22.36.

What is the 52-week high and low for Bank Of America Corporation Stock?
The 52-week high for Bank Of America Corporation Stock is $23.68 and the 52-week low is $19.50.

What is the market capitalization of Bank Of America Corporation Stock?
As of the Jun 14, 2024, the market capitalization of Bank Of America Corporation is 301.934B.

When is the next earnings date for Bank Of America Corporation?
The upcoming earnings date for Bank Of America Corporation is Sep 11, 2024.
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