Technical data

Bank Of America Corp BAC Technical Data


Source: Daily Stock Exchange Traders

Longer term trading plans for BAC
  • Buy BAC on 41.22 target 44.76 stop loss @ 41.1 Details
  • Summary technical data tells us to buy BAC near 41.22 with a bullish target of 44.76. This data also tells us to set a stop loss @ 41.1 to protect against an excessive loss in case the stock starts to move against the trade. 41.22 is the first level of support below 44.21, and by rule, any test of support is a buy signal. In this case, 41.22 support would be tested, so a buy signal would exist.

  • BAC runs under 44.76, target 41.22, stop loss @ 44.89 Details
  • The technical summary of the data suggests a decline in BAC as it approaches 44.76 with a bearish target of 41.22. We should however have a stop loss in place at 44.89. 44.76 is the first resistance level above 44.21, and by rule, any resistance test is a short signal. In this case, if resistor 44.76 is tested, a short signal would exist.

Swing Trading Plans for BAC
  • Buy BAC at 44.76, Target 45.61, Stop Loss @ 44.63 Details
  • If 44.76 starts to break higher, technical summary data tells us to buy BAC just above 44.76, with a bullish target of 45.61. The data also tells us to set a stop loss @ 44.63 in case the stock turns against the trade. 44.76 is the first resistance level above 44.21, and by rule, any breakout above resistance is a buy signal. In this case, 44.76, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a resistance break, it is called a long resistance plan.

  • BAC runs near 44.76, target 43.82, Stop Loss @ 44.89. Details
  • The technical summary of the data suggests a drop in BAC if it tests 44.76 with a bearish target of 43.82. We should have a stop loss in place at 44.89 in case the stock starts moving against the trade. Typically, any stress test is a short signal. In this case, if the resistance, 44.76, is tested, a short signal would exist. Because this plan is a short plan based on a stress test, it is called a short resistance plan.

Day Trading Packages for BAC
  • Buy BAC at 44.76, Target 45.61, Stop Loss @ 44.66 Details
  • If 44.76 starts to break higher, technical summary data tells us to buy BAC just above 44.76, with a bullish target of 45.61. The data also tells us to set a stop loss @ 44.66 in case the stock turns against the trade. 44.76 is the first resistance level above 44.21, and by rule, any breakout above resistance is a buy signal. In this case, 44.76, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a resistance break, it is called a long resistance plan.

  • BAC runs near 44.76, target 43.82, Stop Loss @ 44.86. Details
  • The technical summary of the data suggests a drop in BAC if it tests 44.76 with a bearish target of 43.82. We should have a stop loss in place at 44.86 in case the stock starts moving against the trade. Typically, any stress test is a short signal. In this case, if the resistance, 44.76, is tested, a short signal would exist. Because this plan is a short plan based on a stress test, it is called a short resistance plan.

BAC technical summary | Raw data for trading plans

Term → Near Environment Long
Bias Strong Neutral Strong
P1 0 0 41.22
P2 43.57 43.82 44.76
P3 44.56 45.61 48.32


BAC Swing Trading analysis for October 5, 2021


BAC Day Trading Analysis for October 5, 2021

This report was produced using AI developed by Stock Traders Daily. Over the past 20 years, this proprietary AI has been refined to help identify the most timely trading strategies for individual stocks and the stock markets themselves. This methodology is also applied to index options, ETFs and futures. The objective of this specific report is to optimize exchanges by Bank Of America Corp (NYSE: BAC) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of publication, but the support and resistance levels for the BAC change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and stock market crash protection using Evitar Corte.

Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, if BAC is testing support, buy signals surface and resistance is the target. Conversely, if resistance is tested, it is a sign of controlling risk or selling, and support would be the target on the downside accordingly. In each case, the trigger point is designed to be both a great place to take a position (avoid trading in the middle of a trading channel) and it also acts as a level of risk control.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading and long term investment plans for BAC as well. All these elements are proposed under the summary table.

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Fundamental graphics for BAC


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