Trading Signals: BAC Stock Price Prediction and Forecast

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Mon. Jun. 8, 2020

Trading Signals: BAC Stock Price Prediction and Forecast (Mon. Mar. 17, 2014 - Fri. Dec. 22, 2023)

(Bank of America Corp)
BAC latest price $28.5400 (1.53%) ($28.1400 - $28.9000) on Mon. Jun. 8, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   5.99% (three month average)
RSI   74
Latest Price   $28.5400(1.53%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   BAC advances 3% a day on average for past five trading days.
Weekly Trend   BAC advances 8.8% a week on average for past two weeks.
Market Behavior   Value stock rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support BAC advance at 0% a week (0% probability)
XLF(74%)    IWD(63%)    IVE(62%)    VYM(62%)    IWN(60%)
Factors Impacting BAC price   BAC will decline at least -2.995% in a week (0% probabilities).
VIXM(-37%)    UUP(-21%)    TLT(-21%)    VXX(-16%)    BNDX(-6%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -2.995% (StdDev 5.99%)
Hourly BBV 0.6 ()
Intraday Trend -0.2%

5 Day Moving Average   $26.85(6.29%)
10 Day Moving Average   $25.89(10.24%)
20 Day Moving Average   $24.13(18.28%)
To recent high   0%
To recent low   57.9%
Market Cap   $247.273b

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The Global Wealth and Investment Management provides client experience through a network of financial advisors focused on to meet their needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the mortgage servicing rights (MSR) valuation model for both core and non-core MSRs, other liquidating businesses, residual expense allocations and other. The company was founded by Amadeo Peter Giannini in 1904 is headquartered in Charlotte, NC.

$. BAC price fluctuates within 8.87% (three month std-dev: 5.99%) daily (68% of days).

Sample size 50 Average positive next day return: 4.05%(54%) Average negative next day return: -3.81%(46%) Sample size 50 Average positive next three day return: 6.27%(58%) Average negative next three day return: -7.42%(42%) Sample size 50 Average positive next weekly return: 8.51%(50%) Average negative next weekly return: -7.59%(50%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

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i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Jun_8_2020	26.09	24.13	25.89	26.85	27.26	28.52	28.54(1.53%)	UT	OpenLong	75	0.8	42	370	24	97	79.3	59%	-0.23	52.5	5.99%	0.6	2.1	74	1.6
2	Jun_5_2020	26.15	23.86	25.3	26.07	26.36	27.36	28.11(4.97%)	UT	HoldLong	65	1.1	42	300	27	87	117.89	56%	-0.27	49.4	6.01%	1.1	2.3	77	2
3	Jun_4_2020	26.22	23.58	24.76	25.27	25.35	25.99	26.78(3.04%)	UT	OpenLong	75	0.9	27	190	13	69	94.93	57%	-0.3	40.1	6.03%	1.4	2	73	1.6
4	Jun_3_2020	26.3	23.34	24.37	25.27	24.88	25.35	25.99(4.63%)	UT	OpenLong	75	0.8	22	130	6	68	86.52	55%	-0.38	29.4	6.02%	1.4	1.9	74	1.7
5	Jun_2_2020	26.4	23.16	23.99	24.88	24.81	24.7	24.84(0.93%)	UT	OpenLong	75	-0	20	-40	3	71	70.95	55%	-0.38	28.4	6.03%	0.1	1.3	64	1.3

6	Jun_1_2020	26.5	23.06	23.8	24.77	25.03	24.42	24.61(2.03%)	UT	OpenLong	75	-0.1	19	-140	2	71	58.11	55%	-0.41	25.5	6.03%	-0.4	1.3	59	1
7	May_29_2020	26.61	22.97	23.5	24.38	24.94	24.92	24.12(-2.98%)	UD	OpenLong	65	-0.2	12	60	-1	52	113.85	55%	-0.41	21	6.07%	-1.2	1	52	1.3
8	May_28_2020	26.72	22.96	23.26	24.14	24.53	25.64	24.86(-4.31%)	UD	OpenLong	75	0.6	23	370	14	49	84.28	55%	-0.37	23.8	6.11%	0.1	1.6	58	0.9
9	May_27_2020	26.82	22.93	22.87	23.75	23.9	24.95	25.98(7%)	UT	OpenLong	75	1.9	30	330	27	39	117.37	54%	-0.33	26.3	6.09%	1.4	2.7	64	1.5
10	May_26_2020	26.91	22.8	22.43	22.99	23.15	23.42	24.28(7.15%)	UT	OpenLong	75	1.4	11	100	11	12	118.63	52%	-0.7	20.6	6.05%	1.7	1.6	57	1.3

11	May_22_2020	27.1	22.75	22.23	22.72	22.75	22.85	22.66(-1.05%)	UD	OpenLong	75	-0.1	3	30	4	1	48.05	48%	-0.51	18.4	5.94%	-1.5	-0.1	49	1.2
12	May_21_2020	27.24	22.73	22.3	22.48	22.72	22.87	22.9(-0.04%)	N/A	N/A	0	0.5	5	80	7	-2	57.61	47%	-0.15	5.3	5.99%	0.4	0.2	49	1.1
13	May_20_2020	27.28	22.68	22.28	22.24	22.34	22.65	22.91(3.15%)	N/A	N/A	0	0.7	4	110	9	-12	59.55	47%	-0.47	0.2	5.99%	1.1	0.3	43	1.5
14	May_19_2020	27.41	22.63	22.22	21.83	21.89	22.56	22.21(-3.14%)	DP	OpenShort	-65	0.4	-3	220	7	-33	61.96	48%	-0.47	-13.6	5.97%	0.3	-0.4	36	0.9
15	May_18_2020	27.54	22.61	22.26	21.76	21.58	22.03	22.93(6.95%)	DP	OpenShort	-65	1.2	-4	120	8	-39	86.48	47%	-0.47	-25.5	5.96%	1.8	0.3	45	1.4

16	May_15_2020	27.67	22.59	22.25	21.69	21.5	21.21	21.44(-1.24%)	DT	OpenShort	-75	-0.3	-19	-120	-8	-51	62.29	46%	-0.5	-34	5.89%	0.6	-1.2	40	1
17	May_14_2020	27.81	22.69	22.41	22.12	21.85	21.12	21.71(4.02%)	DP	OpenShort	-75	-0.4	-19	-270	-12	-39	87.95	46%	-0.25	-29.4	5.94%	0.4	-1	50	0.8
18	May_13_2020	27.88	22.68	22.64	22.35	22.47	21.78	20.87(-4.57%)	DT	OpenShort	-75	-1.6	-17	-200	-13	-27	111.87	46%	-0.54	-33.1	5.91%	-1.4	-1.9	48	0.1
19	May_12_2020	28.03	22.76	23.03	22.64	22.88	22.57	21.87(-3.14%)	DT	OpenShort	-75	-0.9	-8	-60	-8	-6	69.17	46%	-0.5	-26.4	5.89%	-1.3	-1	54	1.2
20	May_11_2020	28.17	22.85	23.24	22.8	22.96	23.16	22.58(-4.2%)	UD	OpenLong	65	-0.3	1	80	-2	9	69.06	46%	-0.42	-9.9	5.88%	-1.3	-0.3	59	2.3

21	May_8_2020	28.29	22.92	23.34	22.87	23.02	23.18	23.57(3.2%)	UT	OpenLong	75	0.8	9	70	6	19	45.14	46%	-0.42	11.7	5.82%	1.3	0.7	58	2
22	May_7_2020	28.41	22.97	23.21	22.77	22.84	22.76	22.84(2.19%)	N/A	N/A	0	0.1	-2	-20	-5	8	51.79	46%	-0.46	28.1	5.84%	-0.1	-0.1	48	1.4
23	May_6_2020	28.54	23	23.13	23.01	22.92	22.86	22.35(-1.37%)	N/A	N/A	0	-0.7	-4	-30	-10	14	53.68	46%	-0.45	52.6	5.83%	-1	-0.7	58	0.8
24	May_5_2020	28.67	22.99	23.1	23.5	23.29	22.91	22.66(-1.18%)	UD	OpenLong	65	-0.8	2	-140	-7	27	45.55	46%	-0.45	71	5.83%	-0.6	-0.3	54	1.1
25	May_4_2020	28.8	22.94	23.01	23.75	23.73	22.99	22.93(-0.65%)	N/A	N/A	0	-0.8	-1	-220	-9	24	45.77	47%		71.9	5.85%	-0.6	-0	47	0.5
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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