Get started
BANK OF AMERICA CORPORATIONBANK OF AMERICA CORPORATIONBANK OF AMERICA CORPORATION

BANK OF AMERICA CORPORATION

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Bonds

BAC trade ideas

BAC | Time to Accumulate | LONGBank 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; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services. Its Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company's Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. The company was founded in 1784 and is based in Charlotte, North Carolina.
NYSE:BACLong
by DivergenceSeeker
1
Investors are caught-up in the Regional Banking fiascoShares in the banking sector have taken a hit amidst Silicon and Signature banking fiasco. In an attempt to recoup investors' confidence, the treasury secretary has ruled out any bailout plans. The fed chairman has also ensured that depositors would have access to their funds. Despite all the efforts, the market seems skeptical, and the regional banking crisis is causing short-term sell-offs across the baking sector. Bank of America (BAC), the second largest bank in the US with total assets of $3.05 trillion, is down by 5.81%. The trading volume increased to 210.5 million shares, making BAC one of the most actively traded instruments. BAC stocks have been tumbling for the past week. It's too early to conclude it would be Lehman Brothers circa 2008/2009, said Abrar Bhatti, a Specialist at Exness, BAC indeed seems 'too big to fail.' The depositors may accelerate the shift towards the large banks from the regional ones. The main challenge for the regional banks is if they can compete with the big banks, with their limited liquidity and diversification. On the technical side, since July 2022, per share price has been consolidating between the $29.50 support and $37.00 resistance area. After the March CPI data, the BAC stocks are trading around the support area of $29.50. Also, the price is trading below 50MA, and the bears could push the market down to the $25.00 support area. In the Monthly charts, a push below the $20.00 support area, which coincides with a 61.8% fib retracement of the wave beginning around January 2012, would expose BAC shares to further losses. That would be one of the indications of a full-blown recession. On the upside, RSI is already in the oversold territory. If the bears are unable to push the price down on the subsequent attempts, bulls would be looking to break minor resistance of $30.80 and $33.00 in intraday trading.
NYSE:BAC
by Exness_Official
7
Bank of America (BAC) Shows Bearish Elliott Wave SequenceBank of America (BAC) shows a lower low bearish sequence from 1.10.2022 high favoring further downside in the stock. Near term, cycle from 2.8.2023 high is in progress as a 5 waves Elliott Wave impulse. Down from 2.8.2023 high, wave 1 ended at 33 and rally in wave 2 ended at 34.56 as the 1 hour chart below shows. The stock resumes lower in wave 3 with internal subdivision as another 5 waves impulse in lesser degree. Down from wave 2, wave ((i)) ended at 32.8 and rally in wave ((ii)) ended at 33.15. Stock resumes lower in wave ((iii)) towards 30.08 and wave ((iv)) ended at 30.81. Final leg lower wave ((v)) ended at 28.92 which completed wave 3 in higher degree. Wave 4 rally ended at 31.50 with internal subdivision as a zigzag. Up from wave 3, wave ((a)) ended at 31.04 and wave ((b)) ended at 29.95. Third leg wave ((c)) ended at 31.50 which completed wave 4. Stock resumes lower in wave 5 with internal as a diagonal. Down from wave 4, wave ((i)) ended at 28.10 and wave ((ii)) ended at 31.05. Wave ((iii)) ended at 27.87 and wave ((iv)) rally ended at 30.57. Expect the stock to end wave ((v)) of 5 soon and this should complete cycle from 2.8.2023 as wave (1). Afterwards, stock should rally in wave (2) to correct cycle from 2.8.2023 high before the decline resumes. As far as pivot at 34.56 stays intact, expect rally to fail in 3, 7, or 11 swings for further downside.
NYSE:BAC
by Elliottwave-Forecast
Bank of America TimeFibsChances of pullback according to classic TA is high due to main drop has shifted bulls out of market balance. But lets see FED's decision first. I see tensions there because Jerome said FED is more likely to raise interest rates before collapse of SVB . Now tightening policy might cause a chain reaction with debt pressure to other banks. In the other hand they must intervene to beat inflation now, so it's not a problem in the nearest future because elections are closing up. Stakes are actually very high, because increasing interest rates might cause drop in world oil prices to punish some oil exporting countries which went completely off the rails and norms of international order. Markets are nervous right now waiting for FED's decision, so do I. Especially when it comes to dealing with a such ticker during current venerable condition of banking sector. Upcoming CPI report figures will make FED's next move a little more predictable. Golden proportions: Derived angle:
NYSE:BAC
by fract
Watchlist 2023-03-13 $BAC $GOLD $RF $SOFISPY - Gapping down with the same velocity and volume seen at the June low. VIX rising to 30, the advanced minus declining vol opening at -2900… This is a fire sale. However, SPY has fallen to the key 382 level in PM, if this level firms for the morning, we could see a bounce 385. With two major banks failing this last week, the predicted FED funds terminal rate is now split between a 25 bps hike to no hike at all. With the FED backstopping SBV depositors, the fears of contagion may prevent further runs on other banks but it did not seem to prevent equity investors from running to the doors as other banks like FRC dropped another 60% in PM. Looking for higher lows in other weak banks the sell. BAC, SOFI GOLD - obviously precious metals showing strength this morning with equities falling off a cliff. If GOLD can stay above 16.50, there is room for possibly another move to 17 (which is another ATR move). Don’t expect much more than that. Trying to time it with a lower high on the SPY. RF - gapping down 3 ATRs to the key 15 pivot. An analyst upgraded RF to a strong buy after the 25% decline from Thursday. RF is dropping to the key pivot on low vol this morning. If it does flush below the pivot and reclaim, this could be a swing failure patter set. Up. If we see the flush then a pullback on sequential declining vol, that is a buy signal. Target to roughly 18.20
NYSE:BAC
by UnclePennybagss
SIVB BAC3.12.23 I think this event with regard to SIVB Portends some blowback and more downside to the markets. This doesn't mean that the market isn't going to correct a little bit higher first. I talked about a video by wealthion that you should listen to because they tell you how you can protect yourself with your money in a brokerage firm and how much Safer it is than having it in the bank. I can tell you that I had a brokerage account some years ago.... I forgot that I had the account when the news came out it's at brokerage was going out of business for fraud. It was about a month or so later that I realized I actually had 25,000 in that Brokerage firm. I opened up that account as a backup for my main account, But I forgot I ever had it until I was sent information after the Firm went into receivership, I believe it took almost 10 years to get 50% of the losses back on that account and I never traded it. So brokerage accounts can lose your money too when they miss manage the accounts. Even so, you should listen to the video.... especially if you are planning to trade for a long. Of time because you're young and enthusiastic and you know you're going to trade one way or the other.....listen to what this Fund manager is telling you.
NYSE:BAC
by ScottBogatin
💾 Bank of America Corporation Worst Since 2008 | Major CrashNumber two is Bank of America, this one looks even worst than JP Morgan Chase. No introduction needed as I already did it with JPM but if you missed the other article let me just say that we are likely entering a "Bank Holiday" period. Bank Holiday refers to the process of the bankers celebrating as the wealth of 20-40% of the worlds population vanishes. Ok, the chart: ✔️ Bank of America peaked February 2022 and last month produced a year long lower high. ✔️ This week BAC produced the highest selling volume since June 2020. ✔️ BAC closed Friday below MA200 and EMA300 in a single candle. ✔️ It was already trading below EMA50, EMA100, etc. ✔️ The MACD did a bearish cross while moving below zero... Double whammy. ✔️ The RSI is already weak and gaining bearish momentum. While everything burns, the executives will pay themselves millions and millions and millions of dollars in bonuses... People will lose everything. We will see if Crypto will save the day or if it will also go down together with the whale banks. Or maybe they will decide to print 5 Trillion USD to bailout the banks out and everything... Namaste.
NYSE:BACShort
by AlanSantana
7
Sorry Mr Buffett but BAC is going down Sorry Mr Buffett but BAC is going down with all the other financials that I looked up. On February 11th, 2022, Bank of America ( BAC ) completed an impulse wave up that began in December 2011, specifically Intermediate Wave (5) on the graph in light blue. According to the guideline of corrective waves, whenever a five-wave move is complete, a correction occurs that typically ends near the terminus of the prior 4th wave. As such, we have observed 5 waves down that completed Intermediate Wave (A) and an ABC correction for Wave (B). While there is no confirmation that this correction (B) is finished, it may have ended. An essential clue to note is that if the correction is finished, it suggests that the minor Waves C of this Intermediate (B) correction have truncated and failed to reach the minor Wave A extreme. This truncation is an indication of strong underlying selling pressure in BAC . If this correction is a zigzag correction, the most common Fibonacci ratio in a zigzag is equality between Waves A and C. A = C at approximately $17, which is the exact target from the Depth of corrective wave guideline. This point represents the terminus for the Intermediate Wave (4) in the previous impulse wave. The second target could also be a 0.618 ratio of $24. Based on this technical analysis , it appears that BAC is going down with all the other financials. From a technical analysis perspective, it is worth noting that the assessment made in the statement is also valid from a macroeconomic standpoint. Increases in the Fed's fund rate have a direct impact on the housing market, leading to a decrease in mortgage demand, and ultimately causing mortgage rates to fall. This, in turn, could adversely impact financial institutions, as it could lead to a decline in revenues. Therefore, it is crucial to consider the macroeconomic factors that influence the stock market and financial institutions, such as changes in the Federal Reserve's policies, as they can have significant consequences on the performance of individual stocks and the market as a whole. Please note that the analysis is my personal opinion and should not be considered as financial advice. It is important to conduct your own research and seek advice from a financial professional before making any investment decisions.
NYSE:BACShort
by WavesInvesting