Stock Analysis: Bank Of America Corp (BAC)

Stock Analysis for Bank Of America Corp (BAC)

The Interpreter
Hey Friend, I'm analysing BANK OF AMERICA CORP (BAC), and it is between the Support of $ 35.79 (PivotS2) and the Resistance of $ 36.45 (PivotS1). The stock is also approaching the line of PivotS2 at $ 35.79, and if it goes below this line it could reach the next Support of 61.8% of Fibonacci at $ 35.65.

Bank Of America Corp (BAC)

$ 37.75 +2.1%

Last Close 22-Apr-24

Trade BAC Now

Supports

Next Support: $ 35.79

Pivot S2: $ 35.79
Fibonacci 61.8%: $ 35.65
Triangle Level (0): $ 29.88

Resistances

Next Resistance: $ 36.45

Pivot S1: $ 36.45
Fibonacci 100%: $ 38.35

Supports and Resistances

Click to Enlarge

Candlesticks, "48-hour" Trade Signals +

Date	Price $	Result %	Candle Name	Side
001 04 Apr 2024	Sell Price: 36.92	Profit: Open Day1 ($ 36.81)	Engulfing	Sell
002 01 Apr 2024	Sell Price: 37.52	Profit: Open Day1 ($ 37.19)	Engulfing	Sell
003 18 Mar 2024	Buy Price: 36.01	Profit: Close Day1 ($ 36.03)	Abandoned Baby	Buy
004 08 Mar 2024	Sell Price: 35.59	Profit: Open Day1 ($ 35.39)	Engulfing	Sell
005 04 Mar 2024	Buy Price: 35.15	Profit: Close Day1 ($ 35.39)	Engulfing	Buy
006 06 Feb 2024	Buy Price: 33.04	Profit: Open Day1 ($ 33.06)	Piercing Line	Buy
007 02 Jan 2024	Buy Price: 33.90	Loss: Close Day2 ($ 33.81)	Piercing Line	Buy
008 24 Nov 2023	Buy Price: 29.73	Loss: Close Day2 ($ 29.54)	Piercing Line	Buy
009 12 Oct 2023	Sell Price: 26.90	Profit: Close Day1 ($ 26.76)	Abandoned Baby	Sell
010 15 Sep 2023	Sell Price: 28.84	Profit: Open Day1 ($ 28.80)	Abandoned Baby	Sell
011 08 Aug 2023	Sell Price: 31.27	Profit: Open Day1 ($ 31.22)	Abandoned Baby	Sell
012 12 Jun 2023	Sell Price: 29.13	Profit: Close Day2 ($ 29.12)	Engulfing	Sell
013 08 Jun 2023	Sell Price: 29.23	Profit: Open Day1 ($ 29.20)	Abandoned Baby	Sell
014One Year Average	Both Sides Result for 13 Signals	Profit: $ 0.91 ($ 0.07 / Signal) +2.8% Gross in 1 Year	All of Them	Buy + Sell

Trading Rules for Candlesticks Patterns.

Buy or Sell on the same day of the signal, during the after-hours trading session.
Watch the Opening and Closing of the next 2 days (4 in total).
Immediately exit the Trade when one of them (Open or Close, Day 1 or 2) gives you a profit.
The table above will show the first Profit opportunity, but not in real-time. Therefore, you must watch the market in real-time with your broker.

Remember: The returns an asset made in the past don't mean that future returns will be the same.

Backtest Lab, "Buy The Dip" Trade Signals +

Find The Lastest Buy Signals for BAC Below.

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The Latest Trade Signals

Moving Averages +

Bought Moving Averages

Sold Moving Averages

Simple Moving Averages (SMA) Period	Value $	Signal	Exponential Moving Averages (EMA) Period	Value $	Signal
2	38.05	BUY	2	38.02	BUY
3	37.69	BUY	3	37.69	BUY
5	36.81	BUY	5	37.22	BUY
8	36.31	BUY	8	36.91	BUY
13	36.60	BUY	13	36.76	BUY
21	36.89	BUY	21	36.62	BUY
34	36.58	BUY	34	36.29	BUY
55	35.52	BUY	55	35.62	BUY
90	34.67	BUY	90	34.57	BUY
200	31.51	BUY	200	32.86	BUY

Company Info +

Name & IPO

Bank Of America Corp
IPO: 1979-06-05

Stock Ticker & Exchange

Ticker: BACIndices: S&P 500,
Exchange: New York Stock Exchange, Inc. (US - USD)

Contact

Website: http://investor.bankofamerica.com/
Phone:

Stock Type

Common Stock

SIC Office

Finance ()

Industry

National Commercial Banks

EIN

Fiscal Year End

State of Inc.

Balance Sheets +

in USD millions (if not decimal) - Dictionary

Income Statement +

in USD millions (if not decimal) - Dictionary

Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.